3 Olive Street, Manoora, QLD 4870 | Property Value & History | OnTheHouse
 
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3 Olive Street
Manoora QLD 4870

Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Floor area: 151m2
Land area: 1090m2
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Last updated 9 Mar 2026
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Property Details for 3 Olive St, Manoora

3 Olive St, Manoora is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 1090m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last transferred in July 2009.

Building Type
House
Year Built
1980
Floor Size
151m2
Land Size
1090m2
Local Government
Cairns Regional
Lot/Plan
80/RP714601

Last Listing description (January 2026)

A rare and highly versatile opportunity awaits with this 5-bedroom, 4-bathroom home, strategically configured into multiple self-contained living spaces, each with private entrances and patio areas. Set on a spacious 1090m block with potential to subdivide (STCA), this property is perfectly suited for investors, shared accommodation operators, or builders seeking a high-yield project with multiple pathways to profit.

The main house features an atrium and two bedrooms, offering the ideal footprint to be transformed into a fully self-contained 2-bedroom unit simply by adding a kitchen and bathrooman easy value-add opportunity for the savvy renovator.

Current Layout & Key Features

Main House

Atrium entry with natural light

Two bedrooms

Excellent potential to convert into a 2-bedroom self-contained unit with the addition of a kitchen & bathroom

Unit 3

Bedroom with ensuite

Kitchenette area

Private entrance & patio

Room 4 Studio

Combined bedroom/studio layout

Private ensuite

External access & patio

Room 5

Separate living area, plus separate bedroom

bathroom

Private entrance & patio

Additional Highlights

All rooms/units feature their own external entrances
Rooms 3,4 & 5 have electricity meter in each room, making it easier to share power bills

Shared kitchen and laundry for current setup

Situated on a generous 1090m block with subdivision potential (STCA)

Incredible flexibility for co-living, room-by-room renting, or full redevelopment

Currently, three rooms are privately rented, generating $760 per week in total.

There is significant potential to increase returns.

Option 1: Converting the main area (two bedrooms plus the atrium) into a two-bedroom self-contained apartmentby adding a kitchen and bathroomcould achieve a minimum of $400 per week.

Option 2: combine units 1 & 3 ( cream and blue) and convert the 2 bathrooms & toilet into 1 bathroom and add a kitchen to this area. Making it a 3-bedroom self-contained unit. Potential rental $ 500 per week.

Option 3: combine cream & Blue areas ( minus the bedroom) and add the Bedroom to the green room 4 apartment (making it a living area plus bedroom similar to unit 5)
The remaining 2 rooms could continue to rent for $300$350 per week each, using the shared kitchen and laundry facilities.

The property sits on a 1,009 m block with subdivision potential (STCA), offering enough space to add two townhouses.

Ideal for the investor, builder, or handyman wanting multiple income streams

This property is a standout opportunity with strong returns, multiple configuration options, and future development potential. Whether youre looking to run a profitable share house, create a blend of self-contained units, or re-imagine the block entirely, this is the perfect foundation to build value.

For more information or to book your private inspection, contact Maria King today on 0409 717 891.

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Property History for 3 Olive St, Manoora, QLD 4870

A timeline of how this property has performed in the market
Last Transferred
$50,000
10 Jul 2009
Listed for Rent
$340/w
24 May 2008
  • 26 Nov 2025
    Listed for Sale Not Disclosed
  • 10 Jul 2009
    Transferred for $50,000
  • 07 May 2008
    Listed for Rent - Price not available
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About Manoora 4870

The size of Manoora is approximately 2.2 square kilometres. It has 7 parks covering nearly 9.9% of total area. The population of Manoora in 2016 was 6027 people. By 2021 the population was 6175 showing a population growth of 2.5% in the area during that time. The predominant age group in Manoora is 20-29 years. Households in Manoora are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manoora work in a community and personal service occupation.In 2021, 37.40% of the homes in Manoora were owner-occupied compared with 32.00% in 2016.

Manoora has 3,164 properties. Over the last 5 years, Houses in Manoora have seen a 71.65% increase in median value, while Units have seen a 146.49% increase. As at 28 February 2026:

  • The median value for Houses in Manoora is $585,775 while the median value for Units is $406,455.
  • Houses have a median rent of $495 while Units have a median rent of $450.
There are currently 9 properties listed for sale, and 13 properties listed for rent in Manoora on OnTheHouse. According to Cotality's data, 157 properties were sold in the past 12 months in Manoora.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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