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Floorplan
5 Units, 1 Title, Endless Potential!
For more property information text 169BAG to 0488 810 057

Priced to Sell - Renovate and Revalue.
This is the investment opportunity you've been waiting for. Five tenanted, one-bedroom units on a non-strata title in one of Darwin's most central pockets-minutes from the CBD, Casuarina, and the stunning Nightcliff coastline.
Yes-it needs some love. But that's where the upside is. Priced to reflect the work, this block is a blank canvas for the smart investor ready to roll up their sleeves and add serious value.

The Numbers:
-Asking Price: $895,000
-Total Rental Income: $1,270/week
-Gross Yield: 7.4%
-Land Size: 870sqm
-Zoning: LMR (Low-Medium Density Residential)
-No Body Corp - Self-Managed

What You're Getting:
-5 x 1-bed, 1-bath units - all individually tenanted
-Solid brick construction with scope to refresh
-Private courtyards + laundry space under verandas
-Secure front entry, open plan living, functional kitchens
-Off-street parking for each unit

Rental Breakdown:
-Unit 1 - $280/week (Lease to Feb 2026)
-Unit 2 - $290/week (Lease to Aug 2025)
-Unit 3 - $260/week (Lease to October 2025)
-Unit 4 - $210/week (Periodic - tenant since 2010)
-Unit 5 - $240/week (Periodic - tenant since 2014)

Location, Location:
- 5 mins to CBD, Casuarina, and Home Maker Village
- Near public transport, parks, schools, and day care
- 5 mins to East Point + Nightcliff Foreshore
- Grab a weekend coffee at The Cool Spot

The Opportunity:
This block has great bones and long-standing tenants. It's producing income right now and offers huge potential for those ready to make it shine. Whether you're adding to your portfolio or looking for a reno project with guaranteed returns-this is it.
Secure it now, modernise later-and watch your yield grow.


Other Info:

-Council Rates: Approx. $8,744 per annum
-Area Under Title: 870 square metres
-Year Built: 1972
-Zoning: LMR (Low-Medium Density Residential)
-Body Corporate: Self Managed
-Vendors Conveyancer: Lawlab
-Settlement period: 45 days or variation on request
-Easements: As per title
-Deposit: 10% or variation on request
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For Sale
Property Details
Block of Units
Land Size 870 m²
Price Range Contact Agent
Get in touch with us

agent_1
Zayden Lewis
Sales Professional
agent_2
Braden Menzies
Director & Sales Professional