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342 Frank St

7 Unit Apartment Building $1,901,275 USD ($271,611 USD/Unit) 5% Cap Rate Ottawa, ON K2P 0Y1

Investment Highlights

  • Rare multi-unit Centretown property
  • Walking distance to downtown landmarks
  • 7 units: 6x3-bed + 1x2-bed

Executive Summary

Prime Centretown Multi-Unit Investment Opportunity! Rare purpose-built, fully rented, three-story brick building generating $194K gross annual income. Features six spacious 3-bedroom units and one 2-bedroom unit, all well-maintained. Excellent location with easy walking access to Bank Street, Elgin Street, and Parliament Hill. A fantastic addition to any investment portfolio.

Property Facts

Price $1,901,275 USD
Price Per Unit $271,611 USD
Sale Type Investment
Cap Rate 5%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 7,434 SF
No. Stories 3
Year Built 1902

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 - -
3+1 6 - -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34082833

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 342 Frank St, Ottawa, ON K2P 0Y1

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