{"Slug":"house-136-three-chain-rd-port-pirie-south-sa-5540","CanonicalUrl":"https://realsearch.com.au/house-136-three-chain-rd-port-pirie-south-sa-5540","Address":"136 Three Chain Rd, Port Pirie South, SA, 5540","Suburb":"Port Pirie South","State":"SA","Postcode":"5540","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"A fully tenanted, well-maintained multi-dwelling investment with development upside that interstate investors rarely find at this price point.\n\nTotal Rental Income of $870 per week.\n\n136 Three Chain Road is a fully tenanted, multi-dwelling income property comprising four self-contained residences on a single 1,536m² 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.\n\nThe Asset\nThe property comprises two structures on a single title:\nMain House — 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 — lowered ceilings, but still higher than normal, and wooden floors have been carpeted. \nThree Self-Contained Units (Units 1–3) — 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.\nOutbuildings & Parking — 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.\nZoning — Suburban Neighbourhood, Port Pirie Regional Council.\n\nTenancy\nEvery 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 — a rare and bankable track record in any market.\n\nPort 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.\n\nProperty Summary\nConfiguration: \nMain house (3 bed + 1 bath + Lounge + study) \n3 x units (1 bed + 1 bath + Lounge, each)\nTotal: 6 bedrooms | 4 bathrooms | 6 car spaces (4 open + 2 carport)\nLand: 1,536m² Single Title \nZoning: Suburban Neighbourhood\n\nAnnual gross income: $45,280 (3 weekly leases + 1 monthly lease)\nGross yield: 6.38%–6.76% across asking range\nTenancy: 100% occupied\nNever negatively geared throughout ownership\nStrata conversion: 4 titles possible (subject to feasibility)\nNo easements | No access issues\n\nA comprehensive Buyer's Information Report is available on request.\n\nCall Kurt daSilva on 0430 601 612 for details.\nkurtdasilva@futurerealtysa.com.au\n\nRLA 333927","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":710000.00,"Display":"$710,000"},"Bedrooms":"6","Bathrooms":"4","Parking":"6","Features":[{"Name":"Bedrooms","Value":"6"},{"Name":"Bathrooms","Value":"4"},{"Name":"Carports","Value":"6"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-33.1938494,"Longitude":138.01630635,"Agent":{"Name":"Kurt daSilva","CanonicalUrl":"https://realsearch.com.au/agent/kurt-dasilva-2"},"Agency":{"Name":"Future Realty SA - Morphett Vale","CanonicalUrl":"https://realsearch.com.au/agency/future-realty-sa-morphett-vale-2"},"CreatedAt":"2026-03-18T10:26:13.5618232","UpdatedAt":"2026-03-25T11:38:50.1850756"}