SoldNov 4, 2025

22 Stewart Street, Mareeba, QLD, 4880

$495,000

6
3
880 m²

BlockOfUnits

30+ days on the market

Sold: Nov 4, 2025

What's around 22 Stewart Street

TRIPLE INCOME OPPORTUNITY! $40,000+ PA GROSS INCOME POTENTIAL!

Located on a peaceful street within walking distance to Mareeba's CBD, this is a charming triplex that offers THREE delightful 2-bedroom, 1-bathroom units situated on a fenced 880 m² freehold block! This property was last renovated in 2009 and is perfect for investors looking for a multiple income situation, with the potential to value add! NO BODY CORPORATE FEES are applicable, this triplex is held on a single freehold title, and is not part of a strata/body corporate scheme. UNIT 1 (FRONT) - 2 bedrooms, 1 bathroom - High ceilings & vinyl flooring throughout - Small open plan kitchen/dining/living room - New reverse cycle split system to kitchen/dining - Huge bedrooms, second with direct external access - Internal laundry with storage - Rented for $220 per week, new 12 month lease from 4 July 2025 (same tenant since 2010) UNIT 2 (MIDDLE) - 2 bedrooms, 1 bathroom - High ceilings & vinyl flooring - Spacious open plan kitchen/living/dining area - Reverse cycle split-system to living area - Huge main bedroom & sizeable second bedroom - Near new electric stove/oven combo - Spacious bathroom with separate toilet - External semi-enclosed laundry & storage area with concrete floor - Rented for $230 per week, new 12 month lease from 4 July 2025 (same tenant since 2010) UNIT 3 (REAR) - Standalone separate unit with private yard - 2 bedrooms, 1 bathroom - Timber floors to 2 large bedrooms - High ceilings throughout - Convenient kitchen with walk in pantry, laminex benchtops & electric stove/oven - Split-system air-conditioning to master bedroom - Vinyl flooring to main living/dining area - Bathroom with shower & separate toilet - Large concrete outdoor entertaining area + extended paved area - Private fenced rear yard & garden shed - Rented for $320 per week, new 12 month lease from 4 July 2025 (current tenants since Nov 5, 2021) PROPERTY: - Colorbond fencing to left side and rear, timber to right side - 880sqm level allotment (freehold) with plenty of parking & yard space - Walking distance to Mareeba's CBD & schools - Timber cladded exterior, iron roof, timber stumps - New floor coverings & Bunnings kitchens installed in 2009 - Zoned Medium Density Residential - Not affected by flood hazard mapping - Connected to town water, electricity, NBN & sewerage - All units metered individually for electricity - Rates approx $5,000 half yearly (incl. water) - Insurance $3,150 approx Contact EXCLUSIVE agent Katrina Kazim on 0400 710 639!

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Seller's review

6 months ago

Katrina can sell the “hard to sell”!

Katrina promised she had buyers ‘waiting in the wings’. And she did! She had prospective buyers view the property within days. She is very knowledgeable about all things real estate.

J
Jody Aiston
Seller

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