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342 Frank St 7 Unit Apartment Building $1,774,514 USD ($253,502 USD/Unit) 6.08% Cap Rate Ottawa, ON K2P 0Y1
Investment Highlights
- The property benefits from strong walkability, with nearby access to retail, dining, public transit routes, and green spaces.
- The surrounding area continues to experience ongoing intensification and development, reinforcing the property’s long-term investment outlook.
- Its proximity to major transit corridors and key institutions supports consistent occupancy levels and long-term rental growth potential.
Executive Summary
Rarely available purpose built multi unit investment property in prime Centretown location. 196K Gross income. Fully rented. Six 3-bedroom unit+one 2-bedroom unit . 3 Storey brick building. Large, well-maintained units. Easy walking to Bank street, Elgin and Parliament hill. New boiler2025
Property Facts
| Price | $1,774,514 USD | Apartment Style | Low-Rise |
| Price Per Unit | $253,502 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.08% | Building Size | 7,434 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1902 |
| Zoning | R4T | ||
| Price | $1,774,514 USD |
| Price Per Unit | $253,502 USD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| 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 |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1902 |
| Zoning | R4T |
Amenities
Site Amenities
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
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342 Frank St
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