Back 20/186 McLeod Street
Off Market

20/186 McLeod Street

Cairns North QLD 4870

2
2
1
89 m²
89 m²
Unit
Alesha WilsonAlesha Wilson, last sold this property on 07 December 2025 after 34 days on market.

Overview

Top Floor High-Yield Investment in a Prime Cairns City Fringe Location

Positioned just minutes from the Cairns Esplanade, hospitals, and CBD, this well-presented dual key two-bedroom apartment offers investors the ideal combination of location, low maintenance, and reliable returns. Set in a secure complex with resort-style amenities, the property appeals strongly to both long-term tenants and short-stay occupants-ensuring consistently high demand. Property Features: • Two generous bedrooms, both with built-in robes and new split system air-conditioning • Open-plan living and dining • Renovated modern kitchen with ample storage and bench space • Hybrid flooring throughout for easy maintenance • Internal laundry • Secure complex with resort pool and off-street undercover parking Investment Highlights: • Currently leased to quality tenants seeking longevity • Strong rental return with excellent occupancy history • Low body corporate fees relative to the location and facilities • Freshly painted and well maintained complex Current Tenancy Details • Current rental income: $610pw (ends 9 July 2026) ** Rent can be increase upon appropriate notification ** Last Rates Notice - $1,638.31 (bi-yearly) Last Body Corporate Levy - $2,678.03 (quarterly) Proven performer in a high-demand rental corridor close to employment hubs and lifestyle amenities Whether you're looking to expand your portfolio or secure a solid entry into the Cairns investment market, this apartment delivers the numbers and the location to back it up. **Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
89 m² floor area
89 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Cairns North over the last 12 months, the estimated median property value of 20/186 McLeod Street is $445k.

Median value
$445k
Estimated value range
$235k - $810k
Median days on market
33
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 20/186 McLeod Street

2025
Sold
Undisclosed
07 Dec 2025 by Alesha Wilson, of Ray White Cairns
2024
Rented
Undisclosed
Leased on 04 Jul 2024 by Inspire Real Estate Cairns
2024
Sold
$292,000
Private Sale/Treaty on 15 Jan 2024 by Alesha Wilson, of DJ Smith Property

Happy sellers in Cairns North

96%
96% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

Cairns North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 49 reviews in Cairns North over the last 12 months.

Local market activity for 2 bedroom units in Cairns North

In the last 12 months, 59 two-bedroom units similar to 20/186 McLeod Street, have been sold.

This represents a 10% increase in two-bedroom units sales when compared to the previous 12 months.

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