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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 | Apartment Style | Low Rise |
Price Per Unit | $271,611 USD | Building Class | C |
Sale Type | Investment | Lot Size | 0.09 AC |
Cap Rate | 5% | Building Size | 7,434 SF |
No. Units | 7 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1902 |
Property Subtype | Apartment |
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 | - | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (99)
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342 Frank St
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