340 Mcleod StreetCairns North QLD 4870
Property Details for 340 Mcleod St, Cairns North
340 Mcleod St, Cairns North is a 6 bedroom, 4 bathroom BlockOfUnits. The property has a land size of 598m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 6 bedroom BlockOfUnits sold in Cairns North in the last 12 months.
Last Listing description (April 2026)
Investor's Dream - High-Yield Cairns Quadplex in a Prime Location
An exceptional opportunity to secure a tightly held quadplex in the heart of Cairns' inner city. Properties of this calibre and configuration are rarely offered, making this a standout addition to any savvy investor's portfolio. This complex is attracting more interest than almost any other asset class in the Cairns residential market due to:
• Exceptionally high yield returns current returning $1,520 per week
• Low outgoings with no body corporate levies
• Fully leased, generating immediate income
• Strong upside potential with the opportunity for rental increases
Location Highlights:
• In the immediate vicinity of JCU University Hospital, Cairns Base Hospital, and Cairns Domestic & International Airport
• Close to CBD, employment hubs, dining, transport, and lifestyle amenities
• Ensures consistent rental demand and long-term growth potential
Complex Breakdown:
3 x One-Bedroom Fully Self-Contained Apartments
• Modern kitchen
• Bathroom
• Laundry
• Large Private patio
1 x Three-Bedroom Fully Self-Contained Apartment
• Spacious kitchen
• Bathroom
• Laundry
• Private patio
Delivering a versatile tenant mix and strong rental appeal, this income-producing asset offers the perfect blend of cash flow, flexibility, and future upside.
Opportunities like this are scarce - inspect with confidence.
Property History for 340 Mcleod St, Cairns North, QLD 4870
- 18 Apr 2026Sold for $1,200,000
- 28 Jan 2026Listed for Sale SOLD!
- 07 Jan 2025Listed for Sale $995,000
Recent sales nearby
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About 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 3,988 properties. Over the last 5 years, Houses in Cairns North have seen a 62.10% increase in median value, while Units have seen a 103.05% increase. As at 31 May 2026:
- The median value for Houses in Cairns North is $815,536 while the median value for Units is $493,991.
- Houses have a median rent of $670 while Units have a median rent of $540.
Suburb Insights for Cairns North 4870
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