1148 Owen Place Northeast Washington, DC 20002

Building Details

Year Built

2025

Listing office Samson Properties s***@sofiapellegrino.com Show Phone

Listing date Apr 25, 2026

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Investment Insights

Based on property information with market context.

This is a rare four-unit multifamily property presenting an investor/developer opportunity with condo conversion nearly completed and exceptional upside potential. Each unit features a spacious 3BR/2BA layout. The 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. The estimated remaining construction costs to complete interior finishes are approximately $450K. This property offers an excellent opportunity to create four condominium units or a strong cash-flowing multifamily investment. It is ideal for investors, builders, or developers seeking value-add potential and strong future resale or rental income. The property size is 4200 square feet.

Key Highlights

• Rare 4‑unit multifamily property with condo conversion nearly completed.
• Spacious 3BR/2BA layout in each unit.
• Major improvements completed: framing, electrical, plumbing, and mechanical work.

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FAQs

What type of property is this?

Quadplex - Rare multifamily property ready for condo conversion or rental investment.

Where is this quadplex located?

The property is located at 1148 Owen Place Northeast 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: Rare 4‑unit multifamily property with condo conversion nearly completed.; Spacious 3BR/2BA layout in each unit.; Major improvements completed: framing, electrical, plumbing, and mechanical work.