Back 505/118 Russell St
Off Market

505/118 Russell St

Melbourne VIC 3000

2
1
Apartment
Last sold for $480,000
Anthony CiminoAnthony Cimino, last sold this property on 12 July 2022 after 20 days on market.

Overview

Lock-and-Leave Lifestyle in Theatre District

Abuzz with vibrant lifestyle appeal in Melbourne's premier theatre district, this open plan apartment in a heritage building is perfect for those seeking a wonderful lock-and-leave lifestyle abode that's the ideal addition to your investment portfolio or the ultimate executive pad. A wonderful place to come home to, the layout is generous and superbly interconnected with attractive finishes and the soft touch of carpet in the living space and bedrooms a comforting highlight. A real treat for those dreaming of a base for evenings out in town, the location is simply superb and enjoys the benefits of easy access to Her Majesty's Theatre, Regent Theatre, Chinatown, Melbourne Town Hall, Parliament House, Fed Square, Melbourne Central, Bourke St Mall, laneway restaurants, trams and trains. • Two carpeted bedrooms • Bathroom complete with bathtub, shower and toilet • Open plan living and dining domain • Kitchen boasting oven, stove and dishwasher • Panel heating plus reverse cycle heating/air conditioning • Built-in wardrobes • Enjoy nights out at restaurants and the theatre • Relish the attractions of Fed Square, Melbourne Central and Bourke St Mall • Jump on a tram or train and travel with ease

Features

2 bedrooms
1 bathroom
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 505/118 Russell St is $545k.

Median value
$545k
Estimated value range
$230k - $2.95m
Median days on market
46
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 505/118 Russell St

2025
Rented
Undisclosed
Leased on 03 Apr 2025 by Galldon Real Estate
2024
Rented
Undisclosed
Leased on 26 Feb 2024 by Galldon Real Estate
2022
Sold
$480,000
12 Jul 2022 by Anthony Cimino, of Inner Real Estate NextRE

Happy sellers in Melbourne

84%
84% 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 131 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 808 two-bedroom apartments similar to 505/118 Russell St, have been sold.

This represents a 7% 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