688 Kiewa Street, Albury, NSW 2640

Expressions of Interest (close 5pm on 26/03/2026)

Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings

Last updated on Monday, July 06, 2026 ( See property details for 688 Kiewa Street, Albury, NSW 2640)

Expressions of Interest (close 5pm on 26/03/2026)

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

A rare, fully tenanted block of eight units in Albury's sought-after CBD, offering strong income potential and recent modern upgrades.

🏡 Property Highlights

  • Prime central location just a short stroll to Dean Street and Albury CBD
  • Fully tenanted with reliable income streams
  • Recent upgrades including fresh paint, new carpets, and modern kitchens
  • Variety of units from original to fully renovated, offering flexibility
  • Strong rental potential with current rents exceeding $270 per week
  • Low-maintenance block of units with minimal ongoing upkeep

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Split System Heating and Cooling
  • Outdoor Area / Balcony
  • External Storage (Shed/Linen)
  • Secure Parking
  • Ensuite
  • Home Office / Study Nook
  • Ceiling Fans
  • Waterfront / Views

Albury’s CBD offers a vibrant lifestyle with easy access to shopping, cafes, parks, and transport. The area is highly sought after for its convenience, strong community feel, and potential for capital growth. Residents enjoy a mix of modern amenities and historic charm, making it an ideal location for tenants and investors alike. The central pocket ensures high walkability and long-term desirability, supporting sustained rental demand and value appreciation.

What is the current condition of the units and recent upgrades?
The units are well-maintained, with recent upgrades including fresh paint, new carpets, updated kitchens and bathrooms, and split system heating and cooling, with one unit fully renovated in May 2025 featuring modern fixtures and finishes.
What is the rental income potential and current occupancy status?
The property is fully tenanted with current rents ranging from $270 to $380 per week, and the overall rental potential exceeds current income, offering room for growth.
Are there any ongoing maintenance or management considerations?
The complex has a solid, low-upkeep build, and recent upgrades have minimized ongoing maintenance requirements, making it a set-and-forget investment.
What are the zoning and planning considerations for this property?
The property is situated in a highly sought-after central location, with no current zoning restrictions impacting its use as a block of units, but buyers should verify with local council for specific planning details.
Are there any upcoming developments or planning activities in the area?
The area is known for its stability and desirability, with no significant upcoming developments reported; however, prospective buyers should consult local planning authorities for the latest information.
Are there any hidden costs associated with the property, such as strata fees or upcoming maintenance expenses? Has the property been inspected for structural issues or pests? Are there any zoning restrictions or easements that could affect future development? Is the property located in a flood or bushfire-prone area? Are there any planned infrastructure projects or construction nearby that could impact the property’s value or livability? What are the terms of the current lease agreements, and are there any rent review clauses? Are there any strata or body corporate fees applicable to this property? Has the property been compliant with all building codes and regulations? Are there any noise or nuisance issues from neighboring properties? What are the long-term capital growth prospects for this location?

688 Kiewa Street, Albury, NSW 2640 - More Details

Expressions of Interest (close 5pm on 26/03/2026)

Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4

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