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Listing Description
Listed: Wed, 1 Oct
MULTI INCOME INVESTMENT WITH DEVELOPMENT POTENTIAL
37 Albert Street, City Centre, Palmerston North, Manawatu / Whanganui
To be sold by deadline sale (by 23 Oct)
Details
Other Features
| Attribute | Value |
|---|---|
| Property type | Unit |
| Capital value (CV) | $1,590,000 |
| Parking | 2 carports |
| Agency reference | PN4542 |
| Broadband in the area |
Description
Deadline Sale: 23rd October 2:00PM
This is an exceptional opportunity to secure a unique multi-income property in a prime central location.
With a total of 8 Bedrooms. The main house at the front of the property has been converted into two flats, both currently rented. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value.
Located at the rear of the house is a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adds further income security. Each unit is Healthy Homes compliant and on a cross-lease title. Together the properties return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities.
Centrally located, close to city amenities, transport and schools, this is an opportunity for investors, developers or land-bankers to secure a rare multi-income property in a growth area.
Limited viewings by registration and appointment.
TO BE SOLD AS ONE BLOCK DEADLINE SALE 2:00pm Thursday the 23rd October 2025
Open home times
Sun, 5 Oct
Request a viewing
Property Files
Discover more about this property.
Request the files from Michele.
Michele Barnao
Professionals Palmerston North (Unique Realty Ltd MREINZ), (Licensed: REAA 2008) 
Property Partner
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