134 Constance Street, Mareeba QLD 4880

Queenslander-style four-unit block | Corner allotment 1,459m² | Mareeba council area | Diverse unit mix and condition This property offers a rare combination of scale and positioning for a buyer seeking immediate rental income with future subdivision potential. The 1,459m² corner block at Basalt and Constance Streets provides a configuration edge over standard residential lots, while the four two-bedroom units deliver eight bedrooms of lettable space under one title. The Queenslander character and absence of bushfire or flood risk strengthen its appeal for investors targeting regional Far North Queensland. It best suits a buyer comfortable with hands-on management or a developer looking to hold for medium-term capital growth. The primary risk lies in the varying condition and size of the units, which may require selective refurbishment to achieve uniform rental returns and avoid tenant churn. The $480,000 asking price is below some individual unit estimates, suggesting either motivated selling or deferred maintenance that will cost the buyer in initial capital. Opportunities exist in consolidating the block’s strata potential or exploring a staged renovation strategy to lift yield. Hold this property for steady cash flow with an eye on future subdivision as Mareeba’s residential corridor expands.