Residential
More from realestate.co.nz:
Agents News

37 Albert Street, Palmerston North Surrounds, Palmerston North City

MULTI INCOME INVESTMENT WITH DEVELOPMENT POTENTIAL

dollar

Deadline Sale

Unit
Unit
Bedroom
8
Bathroom
5
Floor area
319m2
Land area
1012m2
Title type
Cross Lease
Covered park
2
On this page:

Deadline sale

Thursday
2:00pm
23
Oct

Property details

Listing # PN4542 | Listed on 1 October

Deadline Sale: 23rd October 2:00PM

This is an exceptional opportunity to secure a unique multi-income property in a prime central location.

The main house at the front of the property has been converted into two flats, both currently rented. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value.

Behind a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adds further income security. Each unit is Healthy Homes compliant and on a cross-lease title. Together the properties return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities.

Centrally located, close to city amenities, transport and schools, this is an opportunity for investors, developers or land-bankers to secure a rare multi-income property in a growth area.

Limited viewings by registration and appointment.

TO BE SOLD AS ONE BLOCK
DEADLINE SALE 2:00pm Thursday the 23rd October 2025

Your notes
Add notes for your personal reference. This can only be seen by you.

Additional features

Style: House + 3 x Flats
Roofing: Tile Profile & Iron
Exterior Cladding: Weatherboard & Brick
Exterior Joinery: Wood & Aluminium

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone
I'd like to enquire about:
Your message
A young family with pets illustration