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518 OGLETHORPE ST NE
Washington, DC 20011
Quick Facts
- Area:2585sq ft
- Style:Federal
- Year Built:1949
- Lot Size:0.05 acres
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.
| Status | Active |
| Added to RealtyWatch | May 27, 2026 - 45 days ago |
| Listing Office | Keller Williams Capital Properties, MOTI SHIFERAW |
| MLS ID | DCDC2263722 |
Schedule a Showing
Interior
- General: 2nd Kitchen
- Basement: Daylight, Partial, Connecting stairway, Walkout stairs, Fully finished
- A/C: Central A/C
- Heating: true, 90% Forced Air, Natural Gas
- Disability Feature: None
Exterior
- General: Above Grade, Below Grade
- Style: Federal
Construction
- General: Brick, Block
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON-DC
Lot
- Zoning: R1, 3733//0197
Utilities
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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