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 $110,000 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.