1148 OWEN PL NE, Washington, DC 20002

• 4,200 sqft

Property Description

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 Status:

Active

Data Last Updated:

May 20, 2026 at 6:16AM

Listing Office:

Samson Properties : 5713781346

Listing Agent:

Sofia A Pellegrino : 7035936976

MLS ID:

DCDC2262604

Interior

• A/C: Central A/C
• Heating: CentralForced AirElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Colonial
• Parking: FencedPrivate

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• County: WASHINGTON-DC

Lot

• Zoning: RF-14059//0832

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN