Renovated Duplex with
For Sale
$849,990
518 Oglethorpe St NE, Washington, DC 20011
Two separate residential living areas provide flexible occupancy for rental, house-hacking, or multigenerational use.
Property Size2,585 SF
Price / SF$328.82
Days on Market47
Property Features for 518 Oglethorpe St NE
General Information
Standard status
Active
Size
2,585 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 5BR/2.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1949
Year Renovated
2026
Buildings
1
Listing Agency:
Keller Williams Capital Properties
(202) 569-4246
Listed By:
MOTI SHIFERAW · License #SP40000746
Source:
Belegacyre
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 25 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
Renovated in 2026, this semi-detached duplex combines a primary residence with a separate accessory dwelling unit. The main home offers 5 bedrooms, 2.5 bathrooms, and approximately 1,635 square feet of living space. The ADU adds 2 bedrooms, 1.5 bathrooms, and approximately 950 square feet, with its own private living setup. The property totals 2,585 square feet and includes updated systems and modern finishes.
Located at 518 Oglethorpe St NE in Washington, DC’s Riggs Park neighborhood, the property sits near Fort Totten Metro, served by the Red, Green, and Yellow lines. Riggs LaSalle Recreation Center, Walmart, Aldi, Giant, restaurants, gyms, daycare centers, parks, and Art Place DC are also nearby. The two-unit configuration supports separate occupancy and flexible residential use.
Located at 518 Oglethorpe St NE in Washington, DC’s Riggs Park neighborhood, the property sits near Fort Totten Metro, served by the Red, Green, and Yellow lines. Riggs LaSalle Recreation Center, Walmart, Aldi, Giant, restaurants, gyms, daycare centers, parks, and Art Place DC are also nearby. The two-unit configuration supports separate occupancy and flexible residential use.
Key Highlights
- Renovated in 2026 with updated systems and modern finishes
- Main residence includes 5 bedrooms, 2.5 bathrooms, and approximately 1,635 sqft
- Separate ADU offers 2 bedrooms, 1.5 bathrooms, and approximately 950 sqft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$926,320
$926.3K
Cap Rate 7%
$661,657
$661.7K
Cap Rate 9%
$514,622
$514.6K
Market Conditions
NOI Build-Up for 2,585 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.8K $27.00/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$66.2K $25.60/SF
− OpEx
−$19.8K −$7.68/SF
NOI
$46.3K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$926,320
Cap Rate 7%
$661,657
Cap Rate 9%
$514,622
Alternative Uses
Best Use
Multifamily LT 5
$661.7K
$579.0K – $771.9K
NOI $46,316 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$587.8K
$514.3K – $685.7K
NOI $41,143 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential living areas provide flexible occupancy for rental, house-hacking, or multigenerational use.
Where is this duplex located?
The property is located at 518 Oglethorpe St NE Washington, DC.
What is the asking price?
The asking price for this property is $849,990.
What are key features of this property?
This property features: Renovated in 2026 with updated systems and modern finishes; Main residence includes 5 bedrooms, 2.5 bathrooms, and approximately 1,635 sqft; Separate ADU offers 2 bedrooms, 1.5 bathrooms, and approximately 950 sqft
