1148 OWEN PLACE NE
Washington, DC 20002
Price Upon Request
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.
Listing Courtesy of: Samson Properties
703-593-6976
| Listing Id: | DCDC2262604 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Living Area: | 4,200 |
| Tax Annual Amount: | $6,523 |
| Lot Size Square Feet: | 2,304.0 |
| Lot Size Acres: | 0.05 |
| Architectural Style: | Colonial |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Subdivision Name: | Trinidad |
| Postal Code: | 20002 |
| Year Built: | 2025 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Three Bedroom Units: | 4 |
| Financing Types: | Cash, Conventional, Other |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-05-18 |
| State Or Province: | DC |
| Postal Code Plus4: | 2618 |
| Legal Subdivision: | Trinidad |
| Possession: | 90-120 Days CD |
| Directions: | East on Florida Ave to Left on West Virginia, Right on Owen Place |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 4,200 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Estimated |
| Below Grade Finished Area Units: | Square Feet |
| Cooling: | Central A/C |
| Construction Materials: | Brick |
| Accessibility Features: | None |
| Heating: | Central, Forced Air |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Estimated |
| Living Area Source: | Estimated |
| Parking Features: | Fenced, Private |
| Other Structures: | Above Grade, Below Grade |
| Parking Total: | 4 |
| Year Built Source: | Estimated |
| Property Condition: | Major Rehab Needed |
| Basement Yn: | No |
| Below Grade Unfinished Area Source: | Estimated |
| Below Grade Unfinished Area Units: | Square Feet |
| Cooling Fuel: | Electric |
| Heating Fuel: | Electric |
| Hot Water: | Electric |
| Type: | Other |
| Central Air Yn: | Yes |
| Type Of Parking: | On Street, Parking Lot |
| Total Garage And Parking Spaces: | 4 |
| Source Of Measure Bg: | Estimated |
| Area Total: | 4,200 |
| Source Of Measure: | Estimated |
| Assessment Year: | 2024 |
| City Town Tax: | $6,523.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $749,420.00 |
| Tax Year: | 2024 |
| Zoning: | RF-1 |
| Listing Tax: | 4059//0832 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Number Of Units Leased: | 4 |
| Pool Types: | No Pool |
| Soil Types: | Unknown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Lease Types: | None |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
| Num Parking Lot Spaces: | 4 |
| New Construction?: | Yes |
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Property Last Updated: October 27, 2026 01:56 AM - ET
