For Sale

3 Marlyn Avenue, East Lismore, NSW 2480

$915,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

734 m²

Area

Published on Monday, October 12, 2026 ( See property details for 3 Marlyn Avenue, East Lismore, NSW 2480)

$915,000

Josh Cacciola Licensed Real Estate Agent

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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 triplex on a corner block in East Lismore offering excellent rental income and convenient amenities.

🏡 Property Highlights

Three separate rental tenancies generating a combined $1,210 per week
Prime corner 743m² block in East Lismore
Each unit features air conditioning and internal laundry
Open-plan living in Units 1 and 2, with a separate kitchen and private entry in Unit 3
Close proximity to Wade Park, Lismore High School, and Southern Cross University
Brick and tile construction with pine flooring throughout

✨ Key Features

Air Conditioning
Internal Laundry
Single Storey
Built-in Robes
Open-Plan Living
Pet-Friendly
Secure Parking
Outdoor Area
Corner Block
Balcony

Suburb and Property Insights of East Lismore, NSW 2480

East Lismore offers a vibrant community with excellent amenities, proximity to educational institutions, parks, and healthcare facilities. The area is ideal for families and investors alike, boasting convenient access to the CBD and local attractions. Its friendly neighbourhood atmosphere combined with strong rental demand makes it a prime location for property investment. The suburb's diverse housing options and ongoing development ensure sustained growth and value appreciation.

Frequently Asked Questions

What is the condition of the property following the 2022 flood?

The property was affected by the February 2022 flood; potential buyers should conduct a thorough inspection to assess any repairs or upgrades needed.

Are there any restrictions or covenants on the corner 743m² block?

Potential buyers should verify with local council regarding any zoning restrictions, easements, or covenants applicable to the property.

What are the current rental yields and vacancy rates for this property?

The property currently generates a combined gross return of $1,210 per week across three tenancies, indicating a strong rental income; local market data can provide vacancy rate insights.

Is there potential for future development or subdivision on this site?

Development potential depends on local zoning laws; buyers should consult with the East Lismore council for planning and subdivision regulations.

What are the ongoing costs associated with maintaining the triplex?

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

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses not disclosed? Has the property been fully compliant with flood mitigation and building regulations post-2022? Are there any existing easements, covenants, or zoning restrictions affecting future use? What is the history of repairs or renovations following the flood event? Are there any planned developments or infrastructure projects nearby that could impact the property? Is the property part of a strata scheme or community title, and what are the associated fees? What are the noise levels and neighbour relations in the area? Are there any known issues with pests, drainage, or structural integrity? What are the terms of the current rental agreements, and are they long-term? Is there potential for future subdivision or redevelopment of the site?

3 Marlyn Avenue, East Lismore, NSW 2480 - More Details

$915,000

Offering 3 separate rental tenancies on a 743m² corner allotment, this brick and tile triplex generates a combined gross return of $1,210/wk. Each unit includes air conditioning, a central bathroom, internal laundry, and a single carport. Units 1 and 2 feature open-plan living configurations, while Unit 3 incorporates a separate kitchen, distinct living area, dining nook, and dedicated private entry.

Positioned 200m from Wade Park and 650m from Lismore High School, the site sits within 1.5km of Southern Cross University, St Vincent's Private Hospital, and East Lismore Bowling Club, with the Lismore CBD located 3km away.

- Pine flooring to living areas and bedrooms
- Air conditioning in each unit
- Internal laundry and single carport per unit
- Corner 743m² block
- Combined $1,210/wk return across 3 tenancies

Please note: The property was affected by the Feb 2022 flood.

Type: Block Of Units
Bedrooms: 6
Bathrooms: 3
Parkings: 3
Area: 734 m²

Map & nearby places — 3 Marlyn Avenue, East Lismore, NSW 2480

Explore 3 Marlyn Avenue, East Lismore, NSW 2480 in 3D

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Josh Cacciola

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3 Marlyn Avenue, East Lismore, NSW 2480

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