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Back 57 MacDonald Street
Off Market

57 MacDonald Street

Lakemba NSW 2195

16
8
8
1011 m²
Block of units
Last sold for $3,805,000
Marc DissingerMarc Dissinger, last sold this property on 07 August 2025 after 24 days on market.

Overview

Auction this Friday at 4:00pm - Will be sold!!

Tightly held, blue chip investment block of 8 units comprising of 8 x 2 bedroom units in prime location sitting on a healthy 1,011sqm block of land. Some standout features include: - 8 x 2 bedroom units - All with spacious living areas - Most units have large, updated eat-in kitchens - All units have internal laundry’s & balconies - Solid full brick construction - All units have allocated parking - R4 high density zoning - Frontage: 14.77m – Land size: 1,011sqm - 800m to Lakema train station (soon to be completed metro line) - Potential gross return of 6.5% based on projected rental return The property is under rented and has an existing annual rental income of $153,920 with potential rental upside to increase rents in line with market and current demand to $208,000 (conservatively). Golden opportunity for the astute investor to capitalise on this affordable offering and reap the rewards to unlock this properties potential. Outgoings: Water rates: $11,439.60 per annum approx. Council rates: $7,472 per annum approx. CONTACT: Marc Dissinger 0413 750 868 or marc@ralphfirst.com.au

Features

16 bedrooms
8 bathrooms
8 carspaces
8 open car spaces
1011 m² lot size
Block of units

Estimated Value

We need at least 3 similar 16 bedroom block of units sold in Lakemba over the last 12 months.

Property history for 57 MacDonald Street

2025
Sold
$3,805,000
Auction Sale on 07 Aug 2025 by Marc Dissinger, of Ralph First Real Estate

Happy sellers in Lakemba

88%
88% of sellers in Lakemba reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 57 reviews in Lakemba over the last 12 months.

Local market activity for 16 bedroom block of units in Lakemba

In the last 12 months, 1 numeral.16-bedroom block of units similar to 57 MacDonald Street, have been sold.

Nearby agents

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Marc Dissinger

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Chris Wilding

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Muhammad Sarmini

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Robi Islam

Sellers who recommend Robi Islam have praised them for being clear communication, local expert, reliable, responsive, supportive, friendly and well-prepared

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