518 OGLETHORPE ST NE Washington, DC 20011
2 Beds
2 Baths
2,585 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Rent
Square Footage 2,585 sqft
Subdivision Riggs Park
MLS Listing ID DCDC2265864
Style Federal
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,105
Year Built 1949
Lot Size 1,999 Sqft
Acres 0.05
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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, Daylight, Full, Fully Finished
Interior
Hot Water Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Block
Above Ground Finished SqFt 2105
Sewer Public Sewer
Water Public
Architectural Style Federal
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 3733//0197
Ownership Other
SqFt Source 2585
Pets Allowed Dogs OK, Cats OK, Pet Addendum/Deposit
Nearby Locations