Back 402/589 Elizabeth St
Off Market

402/589 Elizabeth St

Melbourne VIC 3000

2
1
59 m²
Apartment
Anthony CiminoAnthony Cimino, last sold this property on 28 May 2025 after 226 days on market.

Overview

Calling All Investors and First Home Buyers!!!!

Currently Leased at $540 per week 7% gross return Cleverly designed to maximise space, this streamlined apartment showcases a stylish aesthetic and magnificent city, views with its spacious interior flooded with sunlight thanks to floor-to-ceiling windows and doors opening onto the balcony. Perfect as a city base or investment, the residence enjoys easy access to RMIT, Melbourne University, Queen Victoria Market, bustling Lygon Street shops and eateries, Carlton Gardens, Royal Exhibition Building, Melbourne Museum and of course all that central Melbourne has to offer. • Two bedrooms both benefitting from built-in-robes • Central bathroom with shower, toilet and vanity • Stylish kitchen equipped with stone benches and quality appliances • Generous dining zone and living area • Floor-to-ceiling windows and sliding doors opening onto balcony • Hidden Euro laundry • Split system heating/air conditioning • Moments from Melbourne Uni and RMIT • Walk to Queen Victoria Market and Lygon Street • Close to Carlton Gardens and the vibrant heart of the city

Features

2 bedrooms
1 bathroom
59 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 402/589 Elizabeth St is $545.26k.

Median value
$545.26k
Estimated value range
$230k - $2.95m
Median days on market
48
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in 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 402/589 Elizabeth St

2025
Sold
Undisclosed
28 May 2025 by Anthony Cimino, of Inner Real Estate NextRE
2025
Rented
Undisclosed
Leased on 06 Jan 2025 by Inner Real Estate NextRE
2021
Rented
Undisclosed
Leased on 16 Aug 2021 by Inner Real Estate NextRE

Happy sellers in Melbourne

82%
82% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 134 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 818 two-bedroom apartments similar to 402/589 Elizabeth St, have been sold.

This represents a 11% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent