23 Merton St, Albert Park is a 5 bedroom, 2 bathroom House. The property has a land size of 191m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Albert Park in the last 12 months.
Set on a prized corner block and held in the same family since 1968, this classic Victorian Terrace residence offers a rare opportunity to create something truly special in one of Melbourne's most tightly held suburbs. Lovingly occupied until the mid-90s, the home holds decades of memories and now presents an exciting chance for the next chapter to begin.
Believed to date back to the late 1800s, 23 Merton Street is part of Albert Park's rich architectural heritage. Surrounded by beautifully restored period homes, it retains all the hallmarks of the era from its elegant brick faade and fire places to its deep block and high ceilings.
The location is truly one of its strongest assets. Just a short approximately 80-metre walk to Albert Park Village, with its cafs, shops and day-to-day amenities, this home sits right in the heart of local life. Public transport is effortless, with the Route 1 Tram only approximately110 metres away and the Route 96 Light Rail also close by. The beach isn't too far either - an easy approximately 900-metre stroll for morning walks or summer swims.
Also within walking distance are some of Melbourne's most iconic lifestyle destinations, including:
- St Vincent Gardens
- Albert Park Village
- Melbourne Sports and Aquatic Centre (MSAC)
- Albert Park Lake
- South Melbourne Market
- Albert Park Beach
- Gasworks Farmers Market
- Within the Albert Park College Zone
Dual street frontage on a prominent corner position, offering excellent accessibility and easy potential to create off-street parking (STCA).
This is a genuine renovator's opportunity. With its corner position and surrounded by quality homes, it promises to be a standout once fully renovated, offering plenty of space to design a home to enjoy and build lasting memories.
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.
Albert Park has 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 16.33% increase in median value, while Units have seen a 3.64% increase. As at 31 December 2025:
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