45-51 Martyn StreetParramatta Park QLD 4870
Property Details for 45-51 Martyn St, Parramatta Park
45-51 Martyn St, Parramatta Park is a 12 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 12 bedroom BlockOfUnits sold in Parramatta Park in the last 12 months.
Last Listing description (May 2026)
Positioned on the very edge of the Cairns CBD, this rare opportunity offers investors the chance to secure an entire complex of six spacious apartments on one large 1,012sqm parcel of land just moments from the city's major amenities.
Solidly constructed by an Italian builder in double brick/block and held on a single title, this robust complex sits in a prime inner-city position only 750m from Cairns Central Shopping Centre and approximately 1km from the Cairns Esplanade, placing it within easy walking distance of employment, retail, dining and transport.
Investments of this scale and location are increasingly hard to find. With a decent existing income stream and significant land value underpinning the asset, the property presents as an ideal long-term hold or land-bank opportunity in one of Cairns' most sought after locations.
The apartments themselves are generous in size and well suited to the local rental market. One has been fully renovated, while the remaining units range from original condition to partially updated. A savvy investor could progressively modernise each unit over time to further increase rental returns.
Demand for accommodation in this central location remains consistently strong, with vacancies in the complex historically rare.
Key Features:
• Entire complex of 6 spacious apartments on one title
• NO BODY CORP FEES
• Large 1,012sqm inner-city landholding
• 750m walk to Cairns Central
• Approx. 1km to the Cairns Esplanade
• Solid Italian-built construction - Brick/Block externals, suspended concrete slab 2nd storey, concrete staircases and block internal walls
• Opportunity to renovate and improve rental returns over time
• Exceptional long-term land bank in a blue-chip city location
Current Gross Rental Income:
$128,440 per annum ($2,470 per week)
Secure a substantial slice of inner-city Cairns real estate with strong holding income and outstanding long-term potential.
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
Property History for 45-51 Martyn St, Parramatta Park, QLD 4870
- 19 May 2026Sold for $2,130,000
- 20 Mar 2026Listed for Sale SOLD BY KARL LATHAM
- 16 Aug 2024Listed for Rent $380 WEEKLY
Recent sales nearby
See more recent sales nearby/assets/perm/nwuxorqd5ai6vguhi4o2vzseq4?signature=2b319b1591d94e17c05b23ed4cf3ae4e439bac431d7e43e225f12b6964738244){kind=logo}
0/assets/perm/onqij7p6oqi63l3ol7riybb5ey?signature=a8ae00ccd65d0d3b56525089c315797f6b660701409651a27f8ffdfa04addf20){kind=logo}
0
/assets/perm/qnbzehp3uui6tgplzeeabpt7um?signature=4699a9622b037221e3a3560dccffbccefd004d4cc6f49c54dbd8a2486ee0333f){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Parramatta Park 4870
The size of Parramatta Park is approximately 1.6 square kilometres. There are 4 parks, covering nearly 13.9% of the total area. The population of Parramatta Park in 2016 was 3508 people. By 2021 the population was 3621 showing a population growth of 3.2% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation.In 2021, 33.00% of the homes in Parramatta Park were owner-occupied compared with 29.80% in 2016.
Parramatta Park has 1,960 properties. Over the last 5 years, Houses in Parramatta Park have seen a 72.47% increase in median value, while Units have seen a 113.91% increase. As at 30 April 2026:
- The median value for Houses in Parramatta Park is $755,782 while the median value for Units is $520,035.
- Houses have a median rent of $560 while Units have a median rent of $490.
Suburb Insights for Parramatta Park 4870
Market Insights
Parramatta Park Trends for Houses
N/A
N/A
View TrendN/A
N/A
Parramatta Park Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© 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.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
