Back 394 Albert Street
Off Market

394 Albert Street

East Melbourne VIC 3002

4
1
1
House
Nathan WatersonNathan Waterson, last sold this property on 12 May 2026 after 97 days on market.

Overview

Victorian splendour, zoned residential and commercial

Expressions of Interest A fantastic opportunity to acquire this impressive Victorian residence, zoned for both commercial and residential use, is perfectly positioned on the city fringe in one of Melbourne’s most prestigious suburbs. Currently arranged as ophthalmic consulting rooms, with eight principal rooms, potential exists to restore to a large-scale family home with a comprehensive renovation (STCA) or adapt and change as needed to suit a new commercial endeavour. Two kitchens, a bathroom, an external laundry and WC, plus vehicle access and rear gated parking complete the proposition, behind a striking period façade. Walk to Fitzroy Gardens within minutes and enjoy a lifestyle of unmatched convenience with Melbourne’s famed sports and arts precinct moments away. Dine at the city’s finest restaurants, with theatres and vibrant neighbourhoods within easy reach. Excellent public transport connections further enhance a lifestyle and location of ease.

Features

4 bedrooms
1 bathroom
1 carspace
1 carport space
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in East Melbourne over the last 12 months, the estimated median property value of 394 Albert Street is $3.05m.

Median value
$3.05m
Estimated value range
$2.7m - $3.4m
Median days on market
55
Estimated value trend
-8%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in East Melbourne. 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 394 Albert Street

2026
Sold
Undisclosed
12 May 2026 by Nathan Waterson, of Jellis Craig Stonnington

Happy sellers in East Melbourne

85%
85% of sellers in East Melbourne reported that their sale price either exceeded or met their price expectations.

East Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in East Melbourne over the last 12 months.

Local market activity for 4 bedroom houses in East Melbourne

In the last 12 months, 5 four-bedroom houses similar to 394 Albert Street, have been sold.

This represents a 40% increase in four-bedroom houses sales when compared to the previous 12 months.

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