318 Mcleod StreetCairns North QLD 4870
Property Details for 318 Mcleod St, Cairns North
318 Mcleod St, Cairns North is a 6 bedroom, 2 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 539m2 and floor size of 193m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 6 bedroom House sold in Cairns North in the last 12 months.
Last Listing description (September 2026)
Perfectly positioned just moments from the Cairns CBD, Hospital, Esplanade and public transport, this high-set Queenslander presents an exceptional opportunity to secure a high-performing investment with the flexibility of two self-contained residences. Currently returning approximately $71,000 per annum, the property offers immediate income together with outstanding potential for investors, multi-generational families or owner-occupiers seeking an additional revenue stream.
Rich in traditional Queenslander character, the upper level showcases polished timber floors, high ceilings, tongue-and-groove walls and casement windows, while the legal-height lower level provides a fully self-contained two-bedroom apartment. Set on a fully fenced 539m Medium Density Residential allotment within the sought-after Cairns State High and Edge Hill State School catchments, this is a versatile offering in one of Cairns' most consistently sought-after city-fringe locations.
Features
Approximate rental income of $71,000 per annum
Estimated 6.5% net rental yield
Upstairs: Three-bedroom Queenslander with polished timber floors, high ceilings and classic character
Downstairs: Legal-height two-bedroom apartment with separate living, kitchen and bathroom
Fully fenced 539m Medium Density Residential allotment
Lock-up garage with gated entry
Both residences currently tenanted
Strong rental location close to Cairns Hospital, CBD, Esplanade and public transport
Within the popular Edge Hill State School and Cairns State High School catchments
Whether you're expanding your investment portfolio, seeking dual-living flexibility or looking for a property with multiple income streams, this city-fringe Queenslander offers an outstanding combination of return, location and long-term potential.
Property History for 318 Mcleod St, Cairns North, QLD 4870
- 26 Aug 2026Sold for $855,000
- 06 Aug 2026Listed for Sale $855,000
- 03 May 2022Sold for $605,000
Recent sales nearby
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0About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation.In 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 3,866 properties. Over the last 5 years, Houses in Cairns North have seen a 50.11% increase in median value, while Units have seen a 94.51% increase. As at 31 August 2026:
- The median value for Houses in Cairns North is $787,540 while the median value for Units is $494,807.
- Houses have a median rent of $693 while Units have a median rent of $550.
Suburb Insights for Cairns North 4870
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