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1148 OWEN Place NE

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Washington, DC 20002

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.

1/1

1148 OWEN Place NE

$1,150,000

  • 4200 sq ft
  • MLS# : DCDC2262604
  • Built in 2025

Nearby schools

  • District Of Columbia Public Schools

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

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    Sofia A Pellegrino

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    FPO

    Samson Properties

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