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About This Home

This 0-bedroom, 0-bathroom residential multi family at 518 OGLETHORPE Street NE in Washington, DC is listed for $849,990 ($329 per sqft). Built in 1949, the home offers 2,585 sqft of living space on a 0.05 acres lot.

Agent 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.

Key Features

  • Built in 1949
  • 0.05 acre lot

Property Details

1949

Amenities

A/C

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

518 OGLETHORPE Street NE

Washington, DC 20011

RIGGS PARK

Features & Amenities

Interior Features

2nd Kitchen

Property Details

Construction

Brick

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 518 OGLETHORPE Street NE is listed at $849,990 ($329/sqft). The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.

Key features include: Built in 1949, 0.05 acre lot. Interior Features: 2nd Kitchen.

This property is listed by MOTI SHIFERAW and can be reached at 2025694246 or moti@motirealestate.com.

MS

MOTI SHIFERAW

Agent at Keller Williams Capital Properties

(202) 569-4246

Listed by Keller Williams Capital Properties · View on Broker Site

MLS# DCDC2263722· Source: listhub· Updated 5 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

518 OGLETHORPE Street NE, Washington, DC 20011

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