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$1,150,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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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.

Full Property Details for 1148 Owen Pl NE

General

  • Price: $1,150,000
  • Taxes: $6,523 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: DCDC2262604
  • Updated: 5/18/2026
  • Added to Site: 5 day(s) ago

Rental Information

  • Lease Info: None

Parking

  • Total Spaces: 4
  • Parking Features: Fenced, Private
  • Parking Type: On Street, Parking Lot

Location

  • County: WASHINGTON
  • Subdivision: TRINIDAD
  • Driving Directions: East on Florida Ave to Left on West Virginia, Right on Owen Place

School Information

  • School District: District Of Columbia Public Schools

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Other
  • Construction: Brick
  • Square Feet: 4,200
  • Sq. Ft. Source: Estimated
  • Living Area: 4,200 Sq. Ft.
  • Finished Above Grnd: 4,200 Sq. Ft.
  • Year Built: 2025
  • Year Built Source: Estimated
  • Property Condition: Major Rehab Needed

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 2,304
  • Lot Size Source: Estimated
  • Zoning: RF-1

Financial Considerations

  • Price Per Sq. Ft.: $273.81
  • Assessment Year: 2024
  • City/TownTax: $6,523
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $749,420
  • Tax Amount: $6,523
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 832

Listed by Samson Properties, Sofia A Pellegrino

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Listing agent

— 1148 Owen Pl NE —

  • Sofia A Pellegrino

    Samson Properties

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1148 Owen Pl NE

School District:District of Columbia Public Schools
NameGradesDistance
Wheatley Education Campus
1299 Neal Street Northeast, Washington, DC 20002
K-80.2 mi
Dunbar High School
101 N Street Northwest, Washington, DC 20001
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1148 Owen Pl NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/18/2026
Listed
$1,150,000
63.12%
MLS
11/02/2021
Sold
$705,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1148 Owen Pl NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,370
-2%
$749,420
-2%
2024
$6,523
3%
$767,370
3%
2023
$6,328
9%
$744,490
9%
2022
$5,826
12%
$685,400
12%
2021
$5,199
6%
$611,670
6%
2020
$4,908
10%
$577,370
10%
2019
$4,444
15%
$522,830
15%
2018
$3,852
14%
$453,170
14%
2017
$3,380
16%
$397,690
16%
2016
$2,919
11%
$343,460
11%
2015
$2,632
10%
$309,660
10%
2014
$2,399
—
$282,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Samson Properties, Sofia A Pellegrino

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1148 Owen Place NE, Washington, DC 20002 (MLS# DCDC2262604) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1148 Owen Place NE is currently listed for $1,150,000 and was received on May 18, 2026. Want to learn more about 1148 Owen Place NE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

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