122 Great Alpine Road, Harrietville, VIC 3741 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$1,149,000

122 Great Alpine Road
Harrietville VIC 3741

Bedrooms: 11
Bathrooms: 6
Car spaces: 11
Land area: 2138m2
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Outstanding Investment Opportunity in Victoria’s Alpine Region

EXPRESSION OF INTEREST
This is a rare opportunity to acquire a fully tenanted, tastefully renovated six-unit complex in the heart of Harrietville, one of Victoria’s most picturesque alpine townships.
Perfectly positioned along the scenic Great Alpine Road, this income-generating property comprises five self-contained two-bedroom units and one studio apartment, all of which have been thoughtfully updated within the past six years to offer modern, low-maintenance living.
Currently returning a gross rental income of $89,960 per annum, the property enjoys the benefits of historically low vacancy rates and strong, consistent demand from both long-term renters and seasonal renters.
Its location, just twenty minutes from Bright and under an hour to Mount Hotham, makes it a highly desirable base for holidaymakers, seasonal workers, and those seeking a peaceful lifestyle in a thriving regional setting.
Each two-bedroom unit features an open-plan kitchen, living, and dining area with electric cooking, a dishwasher, and generous cupboard and bench space. The bedrooms are fitted with built-in robes, and the bathrooms include a basin, toilet, laundry facilities, and either a shower or a shower over a bath.
The studio apartment offers a compact, open-plan layout with kitchen facilities and an ensuite bathroom at the rear, complete with a toilet, basin, and shower.
Adding further value to the complex is a shared laundry room, which presents an exciting opportunity for conversion into a second studio apartment, subject to council approval. This potential for expansion enhances the property’s already strong investment appeal.
Whether you're looking to expand your portfolio or secure a high-performing regional asset, this property offers immediate income, future growth potential, and a foothold in one of Victoria’s most tightly held alpine communities.
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Property Details for 122 Great Alpine Rd, Harrietville

122 Great Alpine Rd, Harrietville is a 11 bedroom, 6 bathroom BlockOfUnits with 11 parking spaces. The property has a land size of 2138m2. The place is currently for sale with Four Peaks Real Estate.

Building Type
BlockOfUnits
Land Size
2138m2
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About Harrietville 3741

The size of Harrietville is approximately 117.0 square kilometres. It has 1 park covering nearly 28.5% of total area. The population of Harrietville in 2016 was 338 people. By 2021 the population was 488 showing a population growth of 44.4% in the area during that time. The predominant age group in Harrietville is 40-49 years. Households in Harrietville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Harrietville work in a managers occupation.In 2021, 74.50% of the homes in Harrietville were owner-occupied compared with 73.60% in 2016.

Harrietville has 325 properties. Over the last 5 years, Houses in Harrietville have seen a 92.64% increase in median value. As at 31 October 2025:

  • The median value for Houses in Harrietville is $978,387 while the median value for Units is $676,697.
There are currently 1 property listed for sale, and no properties listed for rent in Harrietville on OnTheHouse. According to Cotality's data, 8 properties were sold in the past 12 months in Harrietville.

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Elley Fraser
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Four Peaks Real Estate
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