186 Russell St, Newtown, QLD, 4350

Renovated Newtown Triplex Delivering $1,405 Weekly Rental Income, Set-and-Forget Investment.

Block Of Units
Type
7
Bedrooms
3
Bathrooms
4
Parkings

Last updated on Monday, March 30, 2026 ( See property details for 186 Russell St, Newtown, QLD, 4350)

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A renovated triplex in a prime Newtown location offering strong rental income, private courtyards, and versatile living options.

🏡 Property Highlights

  • High rental income of $1,405 per week with quality tenants in place
  • Prime location close to cafes, parks, and CBD amenities
  • Renovated triplex with three well-designed units
  • Generous 1,012m² lot with private courtyards for each unit
  • Split-System air-conditioning in all units for comfort
  • Multiple income streams ideal for investors seeking strong cash flow

✨ Key Features

  • Built-in Robes
  • Air Conditioning
  • Outdoor Area
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Internal Laundry
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Newtown is a vibrant suburb renowned for its lively cafes, lush parks, and convenient access to the CBD. It offers a strong community atmosphere, excellent amenities, and a high demand for rental properties, making it an ideal location for investors and residents alike. The area boasts excellent walkability, diverse dining options, and proximity to essential services, ensuring a dynamic lifestyle for all residents.

What is the current rental income and lease term for the property?
The property currently generates a combined rental income of $1,405 per week, with leases in place until September 2026.
Are the units fully renovated and move-in ready?
Yes, the triplex has been renovated, featuring modern flooring, updated kitchens, and contemporary fixtures, making it move-in ready or suitable for tenants.
What amenities and services are nearby?
The property is close to cafes, parks, everyday essentials, and within walking distance to the CBD, providing convenient access to a range of amenities.
Is there off-street parking available?
Yes, the property includes two car spaces for units 1 & 2, and single car accommodation for unit 3, with secure parking options.
What are the property’s zoning and development restrictions?
Prospective buyers should verify local zoning regulations and any development restrictions with the relevant council to ensure compliance.
Are there any upcoming council or development plans in the area that could affect property value or noise levels? Have all necessary approvals been obtained for the renovations and current use of the property? Are there any known issues with the property's structure, plumbing, or electrical systems? What are the strata or body corporate fees and regulations, if applicable? Is there any history of flooding or bushfire risk in the area? Are there any easements, covenants, or zoning restrictions that could impact future development or use? Are there any planned construction projects nearby that could cause noise or disruption? What are the total ongoing costs, including rates, water charges, and maintenance? Is the property compliant with all current building and safety standards? Are there any restrictions on pet ownership or other tenant considerations in the area?

186 Russell St, Newtown, QLD, 4350 - More Details

Renovated Newtown Triplex Delivering $1,405 Weekly Rental Income, Set-and-Forget Investment.

Type
Block Of Units
Bedrooms
7
Bathrooms
3
Parkings
4

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