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1148 OWEN PLACE NEWASHINGTON, DC 20002

Multi-Family · 4,200 Sq. ft. | 0.05 Acres
$1,100,000 ACTIVE

1148 OWEN PLACE NE Overview

Time on Site:
43 days
Visits:
1

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.

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1148 OWEN PLACE NE Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,200
  • Price/Sq.ft. $262
  • Lot 0.05 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: Yes
  • Pool: No Pool
  • Total SQFT: 4200
  • Year Built: 2025

Location/Region

  • Country: US
  • County: WASHINGTON
  • County Or Parish: WASHINGTON
  • In City Limits: No
  • Subdivision Name: TRINIDAD

Parking Information

  • Total Parking Spaces: 4
  • Type of Parking: On Street,Parking Lot

Tax Information

  • City/Town Tax: 6523.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $6,523.00
  • Tax Assessed Value: 749420.00
  • Tax Year: 2024

General Information

  • Property Condition: Major Rehab Needed
  • Property Sub Type: Quadruplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2024
  • Zoning: RF-1

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Other

Building Interior

  • Above Grade Finished Area: 4200
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Estimated
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: Central A/C
  • Fireplace: No
  • Living Area: 4200
  • Living Area Source: Estimated

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 4
  • Two Bedroom Units Count: 0

Exterior

Parking Information

  • Parking Features: Fenced, Private

Lot Information

  • Lot Size Source: Estimated
  • Lot Size Square Feet: 2304.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Colonial
  • Construction Materials: Brick

General Information

  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1148 OWEN PLACE NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1148 OWEN PLACE NE Market Data

Based on the last 30 days in this zip code

$703,512
Average List Price
$510
Average Price per Square Foot
64
Properties Sold
105
Average Days on Market
447
Properties for Sale
Calculations provided by Reliance Network

1148 OWEN PLACE NE History

Date Event Value Agent
6/9/2026Source: BRIGHT MLS Price Reduction
$1,100,000 -4.3%
5/18/2026Source: BRIGHT MLS Added to Database
May 18, 2026
Listing provided courtesy of Samson Properties- MLS# DCDC2262604MLS ProviderContact Information: 5713781346