$ 1,150,000
-
$1,150,000
Price -
12
Bed -
0
Bath -
4,200
SqFt
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About the Listing SAMP6 - 106312
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.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
DCDC2262604
Year Built
2025
Total Square Footage
4,200
Lot/Acreage
0.05
Interior Details
- Bedrooms: 12
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4200
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: RF-1
- Roof:
- Others: Major Rehab Needed
- Sewer: Public Sewer
- Parking Features: Fenced,Private,On Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,523
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
1148 Owen Pl NE Washington, DC 20002
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