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518 Oglethorpe St
Coming Soon $849,990 ($328.82 per Sq Ft)
$849,990 ($328.82 per Sq Ft)
- 7 Bedrooms
- 5 Bathrooms
- 2,585 Sq Ft
- 1,999 Sq Ft
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.
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $849,990 |
| Property Type | Single Family Homes |
| Usable Sqft | 2,585 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3733//0197 |
| MLS # | DCDC2263894 |
| Property ID | 322879205 |
| Lot Sqft | 1,999 |
| Zoning | R1 |
| Date Updated | May 26, 2026 |
| Date Created | May 22, 2026 |
Listing Provided By
MOTI SHIFERAW an agent of . Lic #SP40000746
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Data last updated: May 27, 2026.
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