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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

Price $3,197,621 CAD
Price Per Unit $799,405 CAD
Sale Type Investment
Cap Rate 7.37%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.06 AC
Building Size 3,131 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1948/2020
Opportunity Zone Yes
Zoning RF-1 - RF1-Residentila/Multi-family

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
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Exceptionally bikeable
100/100

Property Taxes

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
  • Listing ID: 40652425

  • Date on Market: 2026-05-24

  • Last Updated:

  • Address: 114 O St SW, Washington, DC 20024

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