5 Rankin StreetMareeba QLD 4880
Property Details for 5 Rankin St, Mareeba
5 Rankin St, Mareeba is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 1543m2 and floor size of 230m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (November 2023)
If you have been looking for a multi-unit investment with huge potential, or a project where you can add some serious value, then this could be the property for you... welcome to number 5 Rankin Street, Mareeba.
This Duplex is situated just a few short steps from the Mareeba Racecourse, not far from the centre of town and close to Mareeba State High School and the sporting precincts.
With Unit 2 seeing some current renovations, and Unit 1 a blank canvas, an incoming investor could easily rent out Unit 2 and see partial return on their investment while undertaking renovations on Unit 1, adding value to realise a future capital growth, or simply end up with a dual rent return once renovations are complete.
Each unit is self contained and features two bedrooms and one bathroom with separate toilets. They each have an internal laundry and their own carport space.
Unit 1 has a large combined kitchen/dining/lounge area which features split-system air-conditioning, there is a separate entry room which could be utilised as a study or similar. Although it is in need of a makeover, the bones are there. Anyone who is a bit handy could easily give it a new lease on life!
Unit 2 has a modern kitchen with island bench and breakfast bar, an adjacent dining room and a separate lounge room or living area. The carport is oversized and could double as an outdoor entertaining area, with a paved BBQ area to the rear. An owner occupier could even reside here while undertaking renovations on unit 1!
Features Include:
- Multi-unit dwelling close to town
- 2 Fully self contained units on one title
- Each with 2 bedrooms, 1 bathroom & separate toilets
- Large living areas, individual carports, internal laundries
- Unit 2 renovated, Unit 1 screams potential!
- Live in one and renovate the other, or...
- Rent out one while you renovate the other!
- 1,543m2 allotment
- Some materials to continue the renovations are also included
Savvy investors and tradespeople alike will be excited to see a prospect like this come to the market, so don't miss your chance to inspect. For more information, call EXCLUSIVE agent Vince Costas on 0419 926 691 or drop into the Central Realty Mareeba office today.
Property History for 5 Rankin St, Mareeba, QLD 4880
- 16 Oct 2023Sold for $275,000
- 05 Oct 2023Listed for Sale $280,000 Firm
- 07 May 2021Sold for $280,000
Recent sales nearby
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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 6,140 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.
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