1-3/24 & 4-5/26 Francis Street, Traralgon, Vic 3844

$ 998,000

Block Of Units
Type
9
Bedrooms
5
Bathrooms
5
Parkings
1,231 m²
Area

Last updated on Thursday, May 21, 2026 ( See property details for 1-3/24 & 4-5/26 Francis Street, Traralgon, Vic 3844)

$ 998,000

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A versatile multi-unit investment opportunity in Traralgon offering immediate income, redevelopment potential, and a prime CBD location.

🏡 Property Highlights

  • Prime location within walking distance to Traralgon's CBD and railway station
  • Fully tenanted multi-unit complex with stable income
  • Diverse layout featuring four 2-bedroom and one 1-bedroom units
  • Substantial 1,231m² allotment across two titles with future redevelopment potential (STCA)
  • Immediate holding income with long-term lease agreements in place
  • Generous frontage of approximately 34.9m providing ample space for future improvements

✨ Key Features

  • Swimming Pool
  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Internal Laundry
  • Fly Screens
  • NBN / High-Speed Ready

Traralgon is a vibrant regional centre offering excellent amenities, transport links, and a strong community atmosphere. Key points include: proximity to CBD and railway station, diverse retail and dining options, reputable schools nearby, well-established residential neighbourhoods, and ongoing development projects enhancing the area's appeal.

What is the current rental income and lease status of the units?
The property comprises five units with current leases in place until 2026–2027, generating a combined weekly income of approximately $1,270.
Are there any redevelopment or renovation opportunities?
Yes, the property offers scope for renovation, improvement, and future redevelopment (STCA), providing long-term value-add potential.
What are the key amenities and transport options nearby?
The property is within walking distance to Traralgon's CBD, railway station, shops, schools, and other essential amenities, making it highly accessible.
Is there potential for future development or subdivision?
The substantial allotment and dual titles present potential for redevelopment or subdivision, subject to council approval (STCA).
What are the property’s zoning and planning considerations?
The property’s zoning allows for potential redevelopment or renovation, but specific planning controls should be confirmed with local council.
Are there any existing planning restrictions, easements, or zoning limitations affecting redevelopment potential? Have any structural issues or defects been identified in the units or the property? Are there any upcoming council or community development plans that could impact the property? What are the total costs involved in potential renovations or upgrades? Is there any history of flooding, bushfire risk, or other environmental hazards in the area?

1-3/24 & 4-5/26 Francis Street, Traralgon, Vic 3844 - More Details

$ 998,000

Type
Block Of Units
Bedrooms
9
Bathrooms
5
Parkings
5
Area
1,231 m²

Price guide

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