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Multi-Income Investment - Four Income Streams. High Rental Income From Day One. For Sale
Multi-Income Investment - Four Income Streams. High Rental Income From Day One. Multi-Income Investment - Four Income Streams. High Rental Income From Day One.

136 Three Chain Rd, Port Pirie South, SA, 5540

Multi-Income Investment - Four Income Streams. High Rental Income From Day One.

House
Type
6
Bedrooms
4
Bathrooms
6
Parkings

Last updated on Wednesday, March 25, 2026 ( See property details for 136 Three Chain Rd, Port Pirie South, SA, 5540)

$710,000

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

A well-maintained, fully tenanted multi-dwelling investment property in Port Pirie South offering stable income, development potential, and strong growth prospects.

🏑 Property Highlights

  • Fully tenanted multi-dwelling investment with proven income stability
  • Development upside with potential for strata conversion into four titles
  • Prime location in Port Pirie South with strong and consistent growth
  • High occupancy rate with long-term tenants and zero rental arrears
  • Ample parking including large shed, covered carport, and additional open spaces
  • Well-maintained Federation-era main house with character features

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Waterfront / Views
  • Pet-Friendly
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136 Three Chain Rd
Port Pirie South, SA 5540
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Vertical aerial view β€” 136 Three Chain Rd
136 Three Chain Rd — Vertical Aerial  •  Port Pirie South, SA 5540  •  Nearmap © 2026

Port Pirie South is a thriving suburb known for its consistent growth and strong community. It offers excellent amenities, easy access to transport links, and a stable rental market. The area is ideal for investors seeking reliable income and future development opportunities. With a peaceful suburban atmosphere, Port Pirie South combines affordability with growth potential, making it a smart choice for property investment.

What is the current rental income and occupancy status?
The property generates a total gross rental income of $45,280 per year with 100% occupancy across four tenancies, all with long-term tenants and no rental arrears.
What development opportunities does the property offer?
The property is on a single 1,536mΒ² allotment with potential for strata conversion into four titles, subject to council approval, providing significant development upside.
Are there any easements or access issues?
There are no easements or access issues associated with the property, ensuring smooth development and usage potential.
What are the key features of the main house?
The main house is a Federation-era stone home with three bedrooms, a study, one bathroom, a separate laundry, and modern amenities including split-system air conditioning and a character-filled design.
What is the condition of the self-contained units?
The three brick units are fully self-contained with combined living/dining/kitchen areas, separate laundry and bathroom, and are independently tenanted, all in well-maintained condition.
Are there any upcoming council or zoning changes that could affect development plans? What are the long-term maintenance costs for the existing structures and outbuildings? Are there any restrictions or covenants on the property that could limit future development? Has the property been inspected for any structural issues or pest infestations? Are there any planned infrastructure projects or nearby developments that could impact the property’s value or tenancy?

136 Three Chain Rd, Port Pirie South, SA, 5540 - More Details

Multi-Income Investment - Four Income Streams. High Rental Income From Day One.

A fully tenanted, well-maintained multi-dwelling investment with development upside that interstate investors rarely find at this price point. Total Rental Income of $870 per week. 136 Three Chain Road is a fully tenanted, multi-dwelling income property comprising four self-contained residences on a single 1,536mΒ² allotment in Port Pirie South. Currently generating $45,280 in gross annual rental income across four separate tenancies with zero rental arrears, all bonds held in trust, and a tenancy history that has never been negatively geared. This is a proven income asset, not a speculative one. The Asset The property comprises two structures on a single title: Main House β€” A Federation-era stone home with cement render finish. 3 bedrooms with built-in wardrobe, one bathroom, separate laundry, and a study area. Equipped with oven, cooktop, and split-system air conditioning. The character of the period has been modernised β€” lowered ceilings, but still higher than normal, and wooden floors have been carpeted. Three Self-Contained Units (Units 1–3) β€” Brick construction, each featuring a combined living/dining/kitchen area and a separate laundry/bathroom and electric hot water. Each unit is fully self-contained and independently tenanted. Concrete flooring has been carpeted. Outbuildings & Parking β€” A large shed and covered carport, plus additional open parking with more than four car spaces. Ample space to ambitiously construct another building if desired. Zoning β€” Suburban Neighbourhood, Port Pirie Regional Council. Tenancy Every tenancy is occupied. Most tenants are long-term residents, well known to the property and up to date on rent. No arrears. This property has maintained 100% occupancy throughout its ownership β€” a rare and bankable track record in any market. Port Pirie South has delivered strong and consistent growth. Critically, there are a negligible number of comparable multi-dwelling investment listings currently active in Port Pirie South at this point. This property enters the market with no direct competition. Property Summary Configuration: Main house (3 bed + 1 bath + Lounge + study) 3 x units (1 bed + 1 bath + Lounge, each) Total: 6 bedrooms | 4 bathrooms | 6 car spaces (4 open + 2 carport) Land: 1,536mΒ² Single Title Zoning: Suburban Neighbourhood Annual gross income: $45,280 (3 weekly leases + 1 monthly lease) Gross yield: 6.38%–6.76% across asking range Tenancy: 100% occupied Never negatively geared throughout ownership Strata conversion: 4 titles possible (subject to feasibility) No easements | No access issues A comprehensive Buyer's Information Report is available on request. Call Kurt daSilva on 0430 601 612 for details. [email protected] RLA 333927
Type
House
Bedrooms
6
Bathrooms
4
Parkings
6

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