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Back 1148 Owen Pl NE
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1148 Owen Pl NE

Washington DC 20002

12
4
4200 sq. ft.
2304 sq. ft.
Duplex
Currently for sale - view listing

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.

Features

12 bedrooms
4 carspaces
4200 sq. ft. floor area
2304 sq. ft. lot size
Duplex

Property history for 1148 Owen Pl NE

2021
Sold
$705,000
02 Nov 2021 by Tammy Roupas Locher, of Better Homes and Gardens Real Estate Premier
2016
Sold
$470,000
21 Mar 2016

Happy sellers in Washington

52%
52% of sellers in Washington reported that their sale price either exceeded or met their price expectations.

Washington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Washington over the last 12 months.

Local market activity for 12 bedroom duplexes in Washington

In the last 12 months, 2 numeral.12-bedroom duplexes similar to 1148 Owen Pl NE, have been sold.

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