Four-Unit Brick
For Sale
$1,100,000
1148 OWEN Place NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$261.90
Days on Market151
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Property Features for 1148 OWEN Place NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
4
Parking features
Parking Lot, On Street, Fenced
Subdivision
TRINIDAD
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
4,200 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6523
Utilities
Heating system
Central, Forced Air
Cooling system
Central Air
Building Details
Year built
2025
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Samson Properties
(571) 378-1346
Listed By:
Sofia A Pellegrino
(703) 593-6976
Added: May 18
Changed: Oct 8
Last Checked: Oct 15 at 6:06PM
MLS# DCDC2262604
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,200-square-foot quadplex contains four planned residences, each configured with three bedrooms and two bathrooms. The 2025 building is constructed of brick and is currently under construction following a full interior gut renovation. Framing, electrical, plumbing, and mechanical work have been completed or are near completion, and HVAC/AC units have been purchased.
Located at 1148 Owen Place NE in Washington, DC 20002, the property occupies 0.0529 acres. Parking features include fenced parking, on-street parking, and a parking lot. The property is being offered as-is, with the condominium conversion process nearly complete.
Located at 1148 Owen Place NE in Washington, DC 20002, the property occupies 0.0529 acres. Parking features include fenced parking, on-street parking, and a parking lot. The property is being offered as-is, with the condominium conversion process nearly complete.
Key Highlights
- Four‑unit multifamily property with four 3BR/2BA residences
- 4,200 square feet on a 0.0529‑acre site
- 2025 construction with brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,015
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,300
$1.6M
Cap Rate 7%
$1,143,071
$1.1M
Cap Rate 9%
$889,056
$889.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$121.0K $28.80/SF
− Vacancy
−$6.7K −$1.58/SF
EGI
$114.3K $27.22/SF
− OpEx
−$34.3K −$8.16/SF
NOI
$80.0K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,300
Cap Rate 7%
$1,143,071
Cap Rate 9%
$889,056
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,015 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$1.02M
$893.8K – $1.19M
NOI $71,504 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,793 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Under-construction multifamily property with four three-bedroom residences and substantial building systems work already completed.
Where is this quadplex located?
The property is located at 1148 OWEN Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit multifamily property with four 3BR/2BA residences; 4,200 square feet on a 0.0529‑acre site; 2025 construction with brick exterior
