1148 Owen Pl NE - Apartments FOR SALE


Washington, DC 20002- Trinidad
$1,100,000 USD
703-593-6976
1148 Owen Pl NE, Washington, DC for Sale
$1,100,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1148 Owen Pl NE
Washington, DC 20002
Trinidad


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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RF-1

APN/PARCEL ID

4059-0832

ASK ABOUT THIS PROPERTY

Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

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Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.