For Sale

134 Constance Street, Mareeba, Qld 4880-Image

134 Constance Street, Mareeba, Qld 4880-Floorplan

134 Constance Street, Mareeba, Qld 4880

$480,000

Block Of Units

Type

Bedrooms

Bathrooms

1,459 m²

Area

Published on Monday, May 11, 2026 ( See property details for 134 Constance Street, Mareeba, Qld 4880)

$480,000

Remo Esposito - Real Estate Agent - Central Realty Mareeba - MAREEBA

Remo Esposito Director / Licensee

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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 versatile multi-unit property on a spacious corner block in Mareeba, offering significant renovation potential and strong rental returns.

🏡 Property Highlights

Potential for value-adding renovations to increase rental income
Prime corner location close to Mareeba CBD and shopping centers
Four separate 2-bedroom units with individual kitchens and bathrooms
Currently generating a healthy projected weekly income of $1,200
All units have existing leases, ensuring immediate cash flow
Large 1,459m² allotment offering development or expansion opportunities

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Garage
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Mareeba, QLD 4880

Mareeba is a vibrant regional hub renowned for its friendly community, excellent amenities, and strategic location near schools and shopping centers. The area offers a relaxed lifestyle with easy access to outdoor activities, making it ideal for tenants and investors alike. Its growing infrastructure and proximity to key services ensure sustained demand for rental properties. The suburb's welcoming atmosphere and convenient location make it a highly desirable place to live and invest. With ongoing development and community amenities, Mareeba presents a promising opportunity for property growth.

Frequently Asked Questions

What is the current condition of the units and what renovations are needed?

The units vary in size and condition, with some requiring work to enhance their value and appeal. Unit 4 has recently been renovated, while others may benefit from updates to kitchens, bathrooms, and overall presentation.

What is the potential rental income after renovations?

The projected total weekly rent could increase to approximately $1,200 once all units are leased at market rates, providing a strong return on investment.

Are there any planning or zoning restrictions for development on this site?

Potential buyers should consult local council regulations to confirm any zoning restrictions or development opportunities on the 1,459m² corner allotment.

What are the ongoing costs associated with the property?

Council rates are approximately $6,800 to $7,000 per half year, with additional costs for maintenance, insurance, and management if applicable.

Is the property suitable for long-term tenants or future development?

Yes, the property's location and size make it suitable for both long-term rental income and potential future development or subdivision, subject to council approval.

What to ask about this property to agent?

Are there any existing structural issues or repairs needed for the units? Have all renovations and modifications been approved by the local council? Are there any easements, covenants, or zoning restrictions affecting the property? What are the potential costs for bringing all units to a uniform standard? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or development projects nearby that could impact the property? What are the terms of the current leases, and are there any rent review clauses? Are there any strata or community title considerations for this property? What are the long-term prospects for rental demand in this location? Are there any additional costs or fees associated with managing this multi-unit complex?

134 Constance Street, Mareeba, Qld 4880 - More Details

$480,000

They say you can't sell potential, but take a look at this!

This Queenslander-style multi-unit dwelling sits on a 1,459m2 allotment on the corner of Basalt and Constance Streets in Mareeba. Previously known as the Water Tower House, it is made up of four 2 bedroom units.

The four units vary in size and condition but each of them has 2 bedrooms and 1 bathroom, each have kitchens and there is a separate, detached laundry block for use by all tenants. Units 1 and 4 are slightly larger and unit 4 has just been given a quick makeover.

Overall the complex needs some work, which is indicated by the asking price, but would be perfect for someone with some additional funds and a good helping of elbow grease! Just imagine, even at the current rent return, this unit block could be a cash cow into the future, you can already see the potential!

Currently three of the units are on fixed term 12 month leases and one has been vacated to enable the renovations. All return slightly different amounts as follows:
Unit 1: $300 (12 month lease to 15/11/26)
Unit 2: $280 (12 month lease to 27/09/26)
Unit 3: $290 (12 month lease to 01/11/26)
Unit 4: Asking $330 (about to be re-advertised)

With a projected $1,200 per week of income, you can rest assured that the returns are healthy! The Council rates are approximately $6,800 - $7,000 half yearly.

Just a short stroll to the Mareeba Square shopping center and Coles Supermarket, and just minutes to the Schools and CBD, this is a prime location which ensures these units are only ever empty by choice.

Features Include:
- Four 2 bed, 1 bath units
- Varying in size and condition
- All have kitchens and bathrooms
- Separate detached laundry facilities
- Complex needs some work
- Currently returns $870 with 3/4 units occupied
- Total projected rent soon to be $1,200 per week
- Rates approximately $6,800 - $7,000 half yearly
- Potential plus!

If you are looking for a property that will allow you to not have to lift a finger, then this probably isn't the right property for you.

On the other hand, if you are prepared to get some work done and add some value, then don't hesitate, contact EXCLUSIVE agent Remo Esposito on 0401 969 473 or email [email protected] today!

Type: Block Of Units
Bedrooms: 8
Bathrooms: 4
Area: 1,459 m²

Map & nearby places — 134 Constance Street, Mareeba, Qld 4880

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