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114 O St SW 4 Unit Apartment Building $3,197,621 CAD ($799,405 CAD/Unit) 7.37% Cap Rate Washington, DC 20024

Executive Summary
Exceptional, separately metered 4-unit property in pristine condition—ideal for investors seeking strong rental income and long-term appreciation in one of DC’s most exciting neighborhoods. The property includes four spacious 4-bedroom, 2 bath units, each with separate HVAC, hot water heaters, and electric meters, making management simple and efficient. With a projected hefty $169,600 NOI at full capacity, the numbers speak for themselves. The building is 75% occupied by Section 8 tenants, providing dependable, guaranteed rental income. This is a perfect first-time buyer who wants to live in one unit and rent the rest out to offset the mortgage payment. Located just two blocks from Nationals Park and The Wharf, you’re surrounded by new development, dining, entertainment, and major city attractions. Don’t miss this chance to own a high performing property in a rapidly growing area.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$336,968
|
$107.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,683
|
$5.33
|
| Effective Gross Income |
$320,285
|
$102.29
|
| Taxes |
$10,146
|
$3.24
|
| Operating Expenses |
$108,441
|
$34.63
|
| Total Expenses |
$118,587
|
$37.88
|
| Net Operating Income |
$201,698
|
$64.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $336,968 |
| Annual Per SF | $107.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,683 |
| Annual Per SF | $5.33 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $320,285 |
| Annual Per SF | $102.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,146 |
| Annual Per SF | $3.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $108,441 |
| Annual Per SF | $34.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $118,587 |
| Annual Per SF | $37.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $201,698 |
| Annual Per SF | $64.42 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $6,962 CAD | 850 |
| 4+2 | 1 | $7,480 CAD | 830 |
| 4+2 | 1 | $5,675 CAD | 830 |
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Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | 0599-0041 | Total Assessment | $1,185,050 CAD |
| Land Assessment | $748,860 CAD | Annual Taxes | $10,146 CAD ($3.24 CAD/SF) |
| Improvements Assessment | $436,190 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0599-0041
Land Assessment
$748,860 CAD
Improvements Assessment
$436,190 CAD
Total Assessment
$1,185,050 CAD
Annual Taxes
$10,146 CAD ($3.24 CAD/SF)
Tax Year
2025
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114 O St SW
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