77-81 Cardigan Street, Carlton VIC 3053

Fully leased block of 7 apartments | Prime investor asset | Inner-city blue-chip | Strong rental yields|This 10-bedroom apartment block with 7 bathrooms suits developers or investors seeking stable income from a multi-unit holding in a high-demand precinct. The property stands out as a rare fully leased block of 7 apartments on a tightly held street, offering immediate cash flow from diverse unit configurations including 1 and 2-bedroom layouts. Its position just minutes from the CBD provides tenants with unmatched access to transport, parklands, and university proximity, underpinning consistent occupancy. In a market where individual units in the building yield 7% or more gross, this consolidated ownership delivers economies of scale for hands-off investors. Buyers drawn to such assets are typically experienced landlords or syndicates prioritizing rental stability over speculative flips, given the area’s young demographic of renters aged 20-39. Similar blocks in Carlton have shown resilience, with units holding steady values despite modest annual growth around -2% in recent sales. Long-term appeal stems from the precinct’s tightness- low supply of whole buildings fosters holding value as student and professional demand persists. Practical land use here favors retention or minor value-add repositioning, rather than redevelopment in a zoning-constrained inner-city spot. Overall, it positions as a defensive play in Melbourne’s apartment market, where income security trumps capital growth volatility.