1148 Owen Pl Ne, Washington, DC 20002

$1,100,000
: 4,200
SqFt

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List Price: $1,100,000
Price Change: ▼ $50,000 1781063528
Days on Market: 72
Status: ACTIVE
MLS#: DCDC2262604
Living Area: 4,200
Lot Size (Acres): 0.05
Style: Colonial
Year Built: 2025
County: Washington DC
School District: District Of Columbia Public Schools

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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.

(703) 898-1056

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