1-15/48-50 Alexandra Street, St Kilda East, Vic 3183

For Sale

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

1,199 m²

Area

Last updated on Thursday, May 14, 2026 ( See property details for 1-15/48-50 Alexandra Street, St Kilda East, Vic 3183)

$6,400,000 - $6,800,000

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Matthew Morley Licensed Estate Agent & Auctioneer

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Daniel Micmacher Sales Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and lucrative investment opportunity featuring 15 well-maintained, spacious apartments in the heart of St Kilda East, with excellent amenities and lifestyle advantages.

🏡 Property Highlights

Rare investment opportunity with 15 spacious apartments
Excellent location in vibrant St Kilda East
Set across three levels with good natural light and leafy outlooks
Includes off-street parking at the rear of the block
Well-maintained with modern updates and quality finishes
Close to Carlisle Street's cafes, nightlife, and parklands

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area / Balcony
Dishwasher
Split System Heating/Cooling
Timber Flooring
Laundry Facilities
Varying Floorplans
Multiple Bedrooms
Multiple Bathrooms

Suburb and Property Insights of St Kilda East, VIC 3183

St Kilda East is a vibrant suburb renowned for its lively cafe culture, beautiful parklands, and excellent transport options. It offers a dynamic lifestyle with easy access to Melbourne’s best nightlife, shopping, and recreational facilities. The area boasts a strong community vibe, diverse dining experiences, and proximity to the beach, making it an ideal location for both residents and investors. Its well-established infrastructure and ongoing development ensure sustained growth and appeal.

Frequently Asked Questions

What is the current condition of the apartments and are there any planned updates?

The apartments are well-maintained with some featuring modern updates such as timber flooring and split system heating/cooling, ensuring a comfortable living environment.

What are the rental potential and current occupancy rates for these apartments?

Given the location and features, the apartments have strong rental potential with high demand from tenants seeking lifestyle amenities and proximity to transport and entertainment options.

Are there any restrictions or covenants associated with the property?

The property is a freehold block of units with no known restrictions; however, it is advisable to verify any local council or strata regulations that may apply.

What are the ongoing costs associated with owning these apartments?

Ongoing costs may include council rates, maintenance, insurance, and strata fees if applicable; detailed financials should be obtained from the current owner or agent.

Is there potential for future development or expansion on the site?

The current zoning and planning regulations should be checked with local authorities to determine any development potential or restrictions.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance works that could affect the investment? Has the property been inspected for structural issues or pest infestations? Are there any zoning restrictions or planning overlays that could impact future use? Is the property compliant with all building codes and safety standards? Are there any easements, covenants, or rights of way registered on the title? What are the strata or body corporate fees, if applicable? Are there any planned developments or construction projects nearby that could affect the property? Is there any history of flooding or bushfire risk in the area? Are there any restrictions on property modifications or renovations? What are the long-term growth prospects for this area and property?

1-15/48-50 Alexandra Street, St Kilda East, Vic 3183 - More Details

$6,400,000 - $6,800,000

An investment opportunity of a lifetime awaits in the vibrant heart of St Kilda East. Don’t miss this rare chance to make your mark & enjoy endless returns on an exceptional, solidly built block of fifteen generously proportioned apartments on 1,199m2*. Brilliantly located & rich in lifestyle advantages, this well maintained block sits moments from everything St Kilda East has to offer. Set across three levels, it comprises fifteen two-bedroom apartments with varying floorplans but similar accommodation. Each is presented in good condition, enjoys house like proportions, abundant natural light, leafy outlooks & comprises an expansive living & dining zone opening to a private balcony, a neatly presented kitchen with space for a meals area, central bathroom with laundry facilities, separate toilet & two spacious bedrooms with built-in robes. Several apartments are further enhanced by split system heating/cooling, dishwashers, timber flooring & select modern updates. Superbly positioned with the added advantage of off street parking at the rear of block. Ideally located close to the fabulous Carlisle Street with some of Melbourne’s best coffees, vibrant nightlife, beautiful parklands & a choice of transport options at your fingertips. *Approximate Title Dimensions.

Type: Block Of Units
Bedrooms: 30
Bathrooms: 15
Parkings: 12
Area: 1,199 m²

Price guide

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Map & nearby places — 1-15/48-50 Alexandra Street, St Kilda East, Vic 3183

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Email Enquiry To Gary Peer & Associates (St Kilda)

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1-15/48-50 Alexandra Street, St Kilda East, Vic 3183

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