About 1148 Owen Pl Ne
INVESTOR/DEVELOPER OPPORTUNITY! Rare 4-unit multifamily property with condo conversion nearly completed and exceptional upside potential. Each unit offers a spacious 3BR/2BA layout. Property has been fully gutted and is ready for completion by the next owner. Major improvements already completed or nearly completed include framing, electrical, plumbing, and mechanical work, with HVAC/AC units already purchased. Estimated remaining construction costs to complete interior finishes are approximately $450K. Excellent opportunity to create four condominium units or a strong cash-flowing multifamily investment. Ideal for investors, builders, or developers seeking value-add potential and strong future resale or rental income. Property sold strictly AS-IS. Buyer to perform their own due diligence regarding permits, condo conversion status, approvals, and projected values.
Features of 1148 Owen Pl Ne
| MLS® # | DCDC2262604 |
|---|---|
| Price | $1,100,000 |
| Total Number Of Units | 4 |
| Square Footage | 4,200 |
| Acres | 0.05 |
| Year Built | 2025 |
| Type | Multi-Family |
| Sub-Type | Quadruplex,Other |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 1148 Owen Pl Ne |
|---|---|
| Subdivision | TRINIDAD |
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20002 |
| Dir Suffix | NE |
Amenities
| Parking | Fenced, Private |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Central, Forced Air |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick |
|---|---|
| Construction | Brick |
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | May 18th, 2026 |
|---|---|
| Days on Market | 106 |
| Zoning | RF-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Samson Properties |
|---|