121 Raleigh Street SE presents a compelling value-add investment opportunity in one of Washington, DC's most rapidly advancing neighborhoods. This 1931 American Foursquare offers 2,773 square feet of interior space, strong structural bones, and a flexible footprint-ideal for renovation, repositioning, or long-term hold strategies. The property includes 4 bedrooms, 1 full bath plus 2 half baths, formal living and dining rooms, kitchen with breakfast nook, study, attic, and a full basement with three additional storage rooms. Multiple entrances, a one-car enclosed garage, and additional porch storage support a range of configurations, including single-family enhancement or alternative layout concepts (buyer to verify zoning and use). Mechanical systems include gas radiator heat, electric water heater, ceiling fans, and individual A/C units. The home was previously wired for Verizon FiOS, and accessibility features (chair lift and walk-in spa tub) add optional appeal for aging-in-place or specialty housing concepts. A key differentiator is the included adjacent lot, providing rare outdoor space and future optionality within the District-whether for expanded use, enhanced outdoor amenities, or value preservation. The property's elevated position offers long-range views and situates it near historically significant Battery Carroll, part of the Civil War-era defensive network that once protected the capital. The surrounding area continues to benefit from sustained public and private investment, including proximity to major District and federal government facilities on the historic St. Elizabeths campus-an anchor that supports long-term economic resilience. Nearby amenities include a world-class USTA tennis facility, sports and arts venues, a new medical center, farmers markets, and the arena home of the Washington Mystics. Transit connectivity is strong, with access to the Green Line Metro, multiple bus routes, I-295, and the Capital Beltway. Offered AS-IS at $550,000.00. An exceptional opportunity for investors seeking scale, land, and appreciation potential in a corridor positioned for continued growth.