New construction

Price cut: $50K (6/9)

$1,100,000

1148 Owen Pl NE, Washington, DC 20002

12beds

--baths

4,200sqft

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Quadruplex

Built in 2025

-- sqft lot

$-- Zestimate^®

$262/sqft

$-- HOA

What's special

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.

43 days

83

2

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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

$3,814/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

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