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Property profile & analytics
FOR SALE
Quadplexes

1148 Owen Pl NE Washington, DC 20002

4,200 SF Built 2025
Property ID
US16-0034054
1148 Owen Pl NE, Washington, DC 20002 For Sale
$1,100,000 4,200 SF
1148 Owen Pl NE, Washington, DC 20002
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Property summary
AI-generated overview

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. County: WASHINGTON In City Limits: No School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS SchoolDistrictSource: Listing Agent School District County ID: 121140357950

Property profile
Verified
Property type Quadplexes
Year built 2025
Total area 4,200 SF
UPID US16-0034054
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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