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.
New construction
Price cut: $50K (6/9)
$1,100,000
1148 Owen Pl NE, Washington, DC 20002
12beds
--baths
4,200sqft
Quadruplex
Built in 2025
-- sqft lot
$-- Zestimate®
$262/sqft
$-- HOA
What's special
- 93 days |
- 65 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Sofia Pellegrino 703-593-6976,
Samson Properties
Source: Bright MLS,MLS#: DCDC2262604
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Basement
- Area: 0
Heating
- Central, Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
Property
Parking
- Total spaces: 4
- Parking features: Enclosed, Private, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,304 Square Feet
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 4059//0832
- Zoning: RF-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex
Materials
- Brick
Condition
- Fixer
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Trinidad
Location
- Region: Washington
Financial & listing details
- Price per square foot: $262/sqft
- Tax assessed value: $749,420
- Annual tax amount: $6,523
- Date on market: 5/18/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$3,344/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $1,100,000-4.3%$262/sqft |
Source:  Bright MLS #DCDC2262604 Report a problem | ||
| 5/18/2026 | Listed for sale | $1,150,000-20.7%$274/sqft |
Source: Bright MLS #DCDC2262604 Report a problem | ||
| 1/1/2026 | Listing removed | $1,450,000$345/sqft |
Source: Bright MLS #DCDC2212374 Report a problem | ||
| 7/24/2025 | Listed for sale | $1,450,000+20.8%$345/sqft |
Source: Bright MLS #DCDC2212374 Report a problem | ||
| 6/2/2022 | Listing removed | $1,200,000$286/sqft |
Source: Bright MLS #DCDC2048368 Report a problem | ||
| 5/7/2022 | Listed for sale | $1,200,000+70.2%$286/sqft |
Source: Bright MLS #DCDC2048368 Report a problem | ||
| 11/2/2021 | Sold | $705,000+50%$168/sqft |
Source: Bright MLS #DCDC506160 Report a problem | ||
| 8/29/2017 | Listing removed | $1,195 |
Source: Wexford Property Management LLC - Property # 370540 Report a problem | ||
| 8/2/2017 | Listed for rent | $1,195 |
Source: Wexford Property Management LLC - Property # 370540 Report a problem | ||
| 3/21/2016 | Sold | $470,000+25.3%$112/sqft |
Source: Public Record Report a problem | ||
| 6/19/2015 | Listing removed | $375,000$89/sqft |
Source: A-K Real Estate, Inc. #DC8347783 Report a problem | ||
| 6/10/2015 | Listed for sale | $375,000-25.2%$89/sqft |
Source: A-K Real Estate, Inc. #DC8347783 Report a problem | ||
| 7/5/2007 | Sold | $501,500+15.3%$119/sqft |
Source: Public Record Report a problem | ||
| 2/16/2007 | Sold | $435,000+29.5%$104/sqft |
Source: Public Record Report a problem | ||
| 5/13/2005 | Sold | $336,000+92%$80/sqft |
Source: Public Record Report a problem | ||
| 6/5/2003 | Sold | $175,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,471 -2.3% | $749,420 -2.3% |
| 2024 | $38,369 +506.3% | $767,370 +3.1% |
| 2023 | $6,328 +8.6% | $744,490 +8.6% |
| 2022 | $5,826 +12.1% | $685,400 +12.1% |
| 2021 | $5,199 +5.9% | $611,670 +5.9% |
| 2020 | $4,908 +27.4% | $577,370 +27.4% |
| 2018 | $3,852 +14% | $453,170 +14% |
| 2017 | $3,380 +15.8% | $397,690 +15.8% |
| 2016 | $2,919 +10.9% | $343,460 +10.9% |
| 2015 | $2,632 +9.7% | $309,660 +9.7% |
| 2014 | $2,399 +42.5% | $282,200 +5.6% |
| 2013 | $1,683 -2.8% | $267,120 -1.5% |
| 2012 | $1,732 | $271,250 |
| 2011 | $1,732 -24.2% | $271,250 -19.4% |
| 2010 | $2,286 +0.9% | $336,400 -4.4% |
| 2009 | $2,265 +109.1% | $351,820 +35.6% |
| 2007 | $1,083 -31.5% | $259,410 +50.9% |
| 2006 | $1,582 +19.1% | $171,910 +24.3% |
| 2005 | $1,328 +31.4% | $138,290 +31.4% |
| 2004 | $1,011 +22.7% | $105,280 +22.7% |
| 2003 | $824 +15% | $85,830 +15% |
| 2002 | $717 -21.5% | $74,636 -6% |
| 2001 | $913 | $79,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Trinidad
Nearby schools
GreatSchools rating
- 4/10Wheatley Education CampusGrades: PK-8Distance: 0.2 mi
- 3/10Dunbar High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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