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3/50 Cleveland Street, Brooklyn, Wellington City

BROOKLYN CASH COW – 19 INCOME STREAMS

dollar

Enquiries Over $1,700,000

Townhouse
Townhouse
Bedroom
16
Bathroom
4
Floor area
570m2
Title type
Unit Title
Garage
2
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Property details

Listing # RX4939852 | Listed on 10 March

Tucked discreetly behind the Brooklyn Village shops, this substantial multi-income property delivers the kind of scale and flexibility that serious investors are always searching for. Comprising two large apartments, 16 storage units, and a double garage, this rare offering produces diverse income streams in one of Wellington’s most tightly held city-fringe suburbs. With rental upside and future development potential, this is a strategic asset positioned for both immediate income and long-term gain.



  • Multi-income investment with scale – 19 separate income streams including two large apartments, 16 storage units, workshop plus a tandem garage
  • Approximately 570sqm floor area across two buildings on a single title in the heart of Brooklyn Village
  • Two substantial apartments – one configured as an 11-bedroom, 2-bathroom apartment and one as a 5-bedroom, 1-bathroom apartment
  • Current rental configuration – 11-bedroom apartment rented as a 6-bedroom for $1,030 per week (fixed until Nov 2026) and 5-bedroom apartment rented for $830 per week (fixed until Oct 2026)
  • Additional income streams – 16 storage units (partially tenanted), a large workshop currently rented for $200 per week on a periodic tenancy PLUS tandem garage (currently vacant)
  • Estimated current income circa $2,300 per week with clear potential to increase as the Wellington rental market strengthens
  • Low-maintenance, industrial-style improvements with heat pumps installed in each apartment
  • Off-street parking for multiple vehicles plus large double garage providing additional rental flexibility
  • Positioned directly behind Brooklyn Village shops with cafes, services, and bus transport literally at the door
  • Easy access to Wellington CBD – a downhill stroll into the city and strong tenant demand for this central location
  • Add-value and redevelopment potential for investors seeking to maximise long-term returns
  • Buyer Enquiry Over $1,700,000


Opportunities with this level of income diversity and future potential in such a tightly held suburb are rare. Whether you’re looking to secure strong multi-stream cashflow now or unlock further value over time, this Brooklyn Village investment deserves serious consideration—contact us today to arrange a private viewing.

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