518 OGLETHORPE ST NE, Washington, DC 20011
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Listed by MOTI SHIFERAW • Keller Williams Capital Properties
$ 849,990
Est. payment | /mo

2,585 SqFt


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$ 849,990
Est. payment | /mo
Save

2,585 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,585 sqft

Price per Sqft $328

Subdivision Riggs Park

MLS Listing ID DCDC2263722

Style Federal

Abv Grd Liv Area 2,105

Year Built 1949

Available Date 2026-05-30

Annual Tax Amount $2,966

Tax Year 2024

Lot Size 1,999 Sqft

Acres 0.05

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Welcome to 518 Oglethorpe St NE — a rare cash-flow opportunity in the heart of Riggs Park featuring a beautifully renovated semi-detached property with a main residence + separate ADU, offering incredible flexibility for investors, house hackers, or multi-generational living. Fully renovated in 2026, this property blends modern finishes, updated systems, and strong income potential in one of DC's rapidly growing neighborhoods.

The main home features 5 bedrooms, 2.5 bathrooms, and approximately 1,635 sqft of living space, while the accessory dwelling unit (ADU) offers 2 bedrooms, 1.5 bathrooms, and approximately 950 sqft with its own private living setup, creating a powerful income-producing opportunity right in Washington, DC.

This property has already received strong affordable housing rent estimates, with the main unit projected around $6,785/month and the ADU around $2,494/month, creating the potential for over $9,000/month in gross rental income.

Located on a quiet tree-lined street in sought-after Riggs Park, you're just minutes from Fort Totten Metro (Red, Green & Yellow lines), Riggs LaSalle Recreation Center, Walmart, Aldi, Giant, restaurants, gyms, daycare centers, parks, and the exciting Art Place DC development with shopping, dining, and entertainment nearby.

Whether you're looking to expand your rental portfolio, offset your mortgage with additional income, create a multi-generational setup, or invest in a high-demand rental location, this property checks all the boxes for long-term appreciation and exceptional cash-flow potential.

Location

State DC

County Washington

Zoning R1

Rooms

Basement Daylight, Partial, Connecting Stairway, Walkout Stairs, Fully Finished

Interior

Interior Features 2nd Kitchen

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Above Ground Finished SqFt 2105

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3733//0197

Ownership Fee Simple

SqFt Source 2585

Acceptable Financing Conventional, FHA, Cash, USDA, VA, Other

Listing Terms Conventional, FHA, Cash, USDA, VA, Other

Financing Conventional,FHA,Cash,USDA,VA,Other

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Michael Davis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(302) 300-2300

michael@mdavisismyrealtor.com

651 north broad st #106, Middletown, Delaware, 19709, USA

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518 OGLETHORPE ST NE