A landmark opportunity in one of Sydney's most in-demand inner-west prized pockets, 134 George Street, Erskineville presents a rare combination of consistent income, heritage charm, and remarkable value-add potential.
Set across a generous 422sqm landholding with a commanding 22-metre frontage and 2 valuable car spaces, this freestanding two-level Federation building offers 22 lettable rooms plus self-contained managers quarters and an impressive 2024 - 2025 gross income of $195,825, making it a proven performer with the capacity to further enhance yield.
Residents enjoy a well-maintained and functional layout featuring two communal bathrooms (each providing one toilet and two shower cubicles per floor), a spacious shared kitchen and dining area, and free laundry facilities. A separate cottage and on-site manager's room, each with their own kitchen and bathroom, add flexibility and convenience.
Beautifully positioned within strolling distance to Erskineville Village, cafés, restaurants, transport links, Sydney University, and the lifestyle vibrancy of King Street, Newtown, the property sits in a blue-chip rental catchment with consistently strong demand and minimal vacancy.
Land tax exempt and proudly held in the same family for over 40 years, this exceptional offering stands as a reliable, long-term investment with enormous scope to modernise, renovate, or reposition to elevate returns and capital value.
The Ideal Investment For:
Boarding house operators
Long-term passive investors
Value-add buyers seeking upside
SMSF or private family offices
Inner-city landbankers
Opportunities of this scale, income stability, and location are increasingly rare-this is one not to be missed.
Co-agency with Dominic D'Ettorre – D'Ettorre Real Estate 0411 389 384
Inspect: Thursdays & Saturdays 12:00pm - 12:30pm
Auction: Onsite, 12:30pm Thursday 12th March 2026
