134 Constance Street, Mareeba, QLD 4880 | BlockOfUnits for sale | OnTheHouse
 
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134 Constance Street
Mareeba QLD 4880

Bedrooms: 8
Bathrooms: 4
Car spaces: -
Land area: 1459m2
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UNIT BLOCK WITH POTENTIAL PLUS!

They say you can't sell potential, but take a look at this!
This Queenslander-style multi-unit dwelling sits on a 1,459m2 allotment on the corner of Basalt and Constance Streets in Mareeba. Previously known as the Water Tower House, it is made up of four 2 bedroom units.
The four units vary in size and condition but each of them has 2 bedrooms and 1 bathroom, each have kitchens and there is a separate, detached laundry block for use by all tenants. Units 1 and 4 are slightly larger and unit 4 has just been given a quick makeover.
Overall the complex needs some work, which is indicated by the asking price, but would be perfect for someone with some additional funds and a good helping of elbow grease! Just imagine, even at the current rent return, this unit block could be a cash cow into the future, you can already see the potential!
Currently three of the units are on fixed term 12 month leases and one has been vacated to enable the renovations. All return slightly different amounts as follows:
Unit 1: $300 (12 month lease to 15/11/26)
Unit 2: $280 (12 month lease to 27/09/26)
Unit 3: $290 (12 month lease to 01/11/26)
Unit 4: Asking $330 (about to be re-advertised)
With a projected $1,200 per week of income, you can rest assured that the returns are healthy! The Council rates are approximately $6,800 - $7,000 half yearly.
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Property Details for 134 Constance St, Mareeba

134 Constance St, Mareeba is a 8 bedroom, 4 bathroom BlockOfUnits. The property has a land size of 1459m2. The place is currently for sale with Central Realty Mareeba.

Building Type
BlockOfUnits
Land Size
1459m2
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About Mareeba 4880

The size of Mareeba is approximately 480.2 square kilometres. It has 30 parks covering nearly 48.1% of total area. The population of Mareeba in 2016 was 11079 people. By 2021 the population was 11825 showing a population growth of 6.7% in the area during that time. The predominant age group in Mareeba is 50-59 years. Households in Mareeba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mareeba work in a labourer occupation.In 2021, 63.80% of the homes in Mareeba were owner-occupied compared with 63.40% in 2016.

Mareeba has 6,176 properties. Over the last 5 years, Houses in Mareeba have seen a 90.38% increase in median value, while Units have seen a 83.47% increase. As at 30 April 2026:

  • The median value for Houses in Mareeba is $578,539 while the median value for Units is $370,288.
  • Houses have a median rent of $543 while Units have a median rent of $380.
There are currently 90 properties listed for sale, and 22 properties listed for rent in Mareeba on OnTheHouse. According to Cotality's data, 276 properties were sold in the past 12 months in Mareeba.

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Remo Esposito
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Central Realty Mareeba
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