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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1148 OWEN Place NE in Washington, DC is listed for $1,150,000 ($274 per sqft). Built in 2025, the home offers 4,200 sqft of living space on a 0.05 acres lot.
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.
Key Features
- Built in 2025
- 0.05 acre lot
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$6,150/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1148 OWEN Place NE
Washington, DC 20002
TRINIDAD
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1148 OWEN Place NE is listed at $1,150,000 ($274/sqft). The estimated monthly payment is $4,983 based on 20% down at 6.5% interest.
Key features include: Built in 2025, 0.05 acre lot, 4 parking spaces.
This property is listed by Sofia A Pellegrino and can be reached at 7035936976 or sofia@sofiapellegrino.com.
