A rare opportunity to secure a multi-income investment property in the heart of Otaki. Privately positioned down a driveway on a generous 1,147sqm (more or less) section, this substantial character villa is currently configured as five separate flats - four one-bedroom and one bedsit - with a large shed on site that has previously been leased for storage, offering potential for an additional income stream.

An appealing opportunity with existing cash flow and value-add potential.

Investment highlights

Currently set up as five separate flats - four one-bedroom and one bedsit
Potential for up to six income streams when fully tenanted, including the shed*
Estimated residential income of approximately $105,000 per annum when fully tenanted*
Separate power meters to the units - convenient for tenant billing*
Spacious 1,147sqm (more or less) section
Privately positioned down a driveway with ample off-street parking
Large shed offering further income and value-add potential
Generous communal outdoor space
Heat pumps and bathroom extractor fans to the units*
Water charges included in the rates*
Currently under professional property management, with one tenant wishing to remain
Positioned in a central Otaki location, within easy walking or biking distance of schools, public transport, cafés, shops and local amenities. With Otaki approximately 55 minutes from Wellington CBD, the area continues to attract quality tenants and steady rental demand.

With key infrastructure upgrades, separate power meters and water charges included in the rates, much of the groundwork has been done - an appealing option for an investor seeking a multi-income holding on the Kāpiti Coast.

Auction (unless sold prior) 9th July 2026, 7:00pm Level 2, 86 Parnell Road, Parnell

Contact Sandy Williams - Goode Real Estate Limited - 021 488 587 All agents welcome for conjunctional from day one - bring your buyers.

*Important information: The current configuration of the property as separate flats has not been verified as holding the necessary building or resource consents, and no warranty is given as to its legal or compliance status, including under the Healthy Homes Standards. Income figures are estimates assuming full tenancy and are not guaranteed; the shed has previously been leased but is not currently subject to a lease. All areas and measurements are approximate and supplied by third parties. Prospective purchasers must make their own enquiries with the Kāpiti Coast District Council and obtain independent legal, building and financial advice. While care has been taken in preparing this advertisement, Goode Real Estate Limited and its salespeople accept no liability for any error or omission and make no representation or warranty as to the accuracy of the information.*