1A Newell Avenue, Mareeba, QLD 4880 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Offers Above $950,000

1a Newell Avenue
Mareeba QLD 4880

Bedrooms: 8
Bathrooms: 4
Car spaces: 8
Land area: 1012m2
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UNIT INVESTMENT - IMMEDIATE INCOME EARNER

This solid, concrete block unit complex is on the market for the first time in many decade.
Situated on a 1012m2 allotment in a quiet cul-de-sac towards the northern end of town, Units 1 & 2 were built in the 1970’s, with Units 3 & 4 being added in the 1980’s.
This complex of 4 units is currently returning an income of $1,140 per week; presenting a terrific opportunity for investors to snap up now.
• 8 Beds
• 4 Baths
• 4 Car Accommodation (single carports)
• Off-street parking available
Constructed from solid masonry block inside and out and with iron roofing; each unit features 2 bedrooms and 1 bathroom, combined living & dining space, kitchen, internal laundry + single carport.
Units 1 & 2 have some air-conditioning and security screening on doors and windows, while Units 3 & 4 have standard screen netting.
The current owners have enjoyed a relatively low vacancy rate over many years. With this investment, income is spread across 4 separate rentals, so when 1 tenant decides to relocate, you still have the benefit of receiving income from the other 3 units.
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Property Details for 1a Newell Ave, Mareeba

1a Newell Ave, Mareeba is a 8 bedroom, 4 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Mareeba Property Office.

Building Type
BlockOfUnits
Land Size
1012m2
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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 6,142 properties. Over the last 5 years, Houses in Mareeba have seen a 82.40% increase in median value, while Units have seen a 48.93% increase. As at 30 November 2025:

  • The median value for Houses in Mareeba is $531,557 while the median value for Units is $349,259.
  • Houses have a median rent of $495 while Units have a median rent of $370.
There are currently 86 properties listed for sale, and 10 properties listed for rent in Mareeba on OnTheHouse. According to Cotality's data, 286 properties were sold in the past 12 months in Mareeba.

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John Falvo
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Mareeba Property Office
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