SoldNov 1, 2025

404/16 Paterson St, Launceston, TAS, 7250

$480,000

2
2
101 m²

Apartment

30+ days on the market

Sold: Nov 1, 2025

What's around 404/16 Paterson St

Fantastic opportunity presents itself !!

Seize the chance to own a dual-key apartment in the heart of Launceston’s vibrant CBD, situated within a historically significant building. This unique property combines flexibility and income potential, offering the perfect blend of modern city living and financial opportunity. Whether you’re looking for an urban retreat, an investment with high rental yield, or both, this property delivers. Property Overview Nestled on Paterson Street, this fourth-floor apartment boasts stunning views of Launceston’s city lights. The dual-key design offers two separate tenancies, allowing you to live in one unit while renting out the other or enter the serviced apartment market for maximum returns. • Main Apartment: Ideal for long-term living or short-stay rentals, this unit features a separate bedroom, living area, full kitchen, laundry facilities, and a private bathroom. • Studio Apartment: Perfect for short-term stays, this hotel-style unit comes complete with a kitchenette and all the essentials for comfortable living. Key Features • Dual-key layout with two independent tenancies on one title • Prime inner-city location in Launceston’s bustling CBD • Flexible living arrangements: live in one unit and rent the other • Private kitchen, bathroom, and laundry facilities in the main unit • Built-in storage solutions • Convenient elevator and stair access • Walking distance to Launceston’s top restaurants, shops, and attractions Investment Potential This property is a standout for investors or homeowners seeking versatility and returns. Live in one unit while generating income from the other, or capitalize on the thriving short-term rental market. The flexible layout ensures appeal for a variety of tenants, making this a smart addition to any portfolio. Property Details • Council rates: $2,664 p/a (approx.) . Body Corporate fees $1,697.41 (approx.) • Water rates: $912 p/a (approx.) • Building size: 101m² (approx.) • Land size: 101m² (approx.) • Year built: 2006 • Rental estimates: - Main apartment: $390 p/w - Studio apartment: $340 p/w Don’t Miss Out! This is a rare chance to own a dual-key apartment in Launceston’s thriving CBD, combining urban convenience, investment potential, and historical charm. Act quickly to secure your slice of city living today. Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Looking for more information on 404/16 Paterson St?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldMar 10, 2026
Price not available
6/7 Brisbane Street
Launceston TAS 7250
2
1
1
Apartment
SoldDec 14, 2025
Price not available
2/59 William St
Launceston TAS 7250
2
1
1
Apartment
SoldNov 25, 2025
$595,000
1/204 George Street
Launceston TAS 7250
2
1
1
Apartment

Other properties sold by Key2 Property

SoldMay 10, 2026
$650,000
74 Westbury Place
Deloraine TAS 7304
5
2
3
House
SoldMay 7, 2026
$840,000
8 McCutcheon Court
Westbury TAS 7303
4
2
2
House
SoldApr 27, 2026
$540,000
99 Meander Valley Road
Westbury TAS 7303
3
1
1
House

Browse properties sold in nearby areas

Email
© 2026 RateMyAgent