384-388 Albert StreetEast Melbourne VIC 3002
Property Details for 384-388 Albert St, East Melbourne
Last Listing description (February 2022)
***SOLD***
One of East Melbourne's most prominent corner sites, at the intersection of Albert Street and Lansdowne Street
Occupying a significant 892 sqm* landholding with three street frontages totalling over 68 m*
Securely leased to a longstanding medical research organisation
Uninterrupted views over Fitzroy Gardens, St Patrick's Cathedral and the "Paris End" of the CBD
Outstanding medium-to-long term repositioning opportunity
Flexible Commercial 1 Zoning allowing for medical, office, hotel and premium residential uses (STCA)
First time offered to the market in over 25 years
Surrounded by an abundance of Melbourne's best parklands, close to the MCG, as well as significant retail and hospitality amenity
Benefitting from proximity to Parliament Station (475 m*), multiple tram and bus routes along Victoria Parade and walking distance to the CBD
Josh Rutman | +61 411 27 37 46
Mark Stafford | +61 404 401 053
*approx.
Unparalleled location overlooking Fitzroy Gardens
Prominent corner landholding of 892 sqm* with on-site car parking at rear
Securely leased to longstanding medical research organisation
Property History for 384-388 Albert St, East Melbourne, VIC 3002
- 17 Sep 2025Sold for $10,450,000
- 18 Dec 2020Sold for $13,310,001
- 30 Oct 2020Listed for Sale Contact Agent
Recent sales nearby
See more recent sales nearby/assets/perm/2yc47b7d5yi63jotho7ejf4oq4?signature=f77faff34a83f59962ba6214e9b6f4e9472eb50cbb5d712857b17ca8be3ed538){kind=logo}
0/assets/perm/5d45eblrqqi6xdwhzf3bktfkla?signature=eba0d3a522b0d99ad8361a998cc33c81a859fdcdb332721ffe0d06f3ebfb2e02){kind=logo}
0/assets/perm/2fzxbg55eii6njpwlwdgfx72jm?signature=c67976116f3466f406a78c36cbbb24eea6e34af9a3d7a8f4aac12f1a52fff310){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About East Melbourne 3002
The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.
East Melbourne has 5,824 properties. Over the last 5 years, Houses in East Melbourne have seen a -9.53% decrease in median value, while Units have seen a 2.15% increase. As at 30 June 2026:
- The median value for Houses in East Melbourne is $3,075,667 while the median value for Units is $780,890.
- Houses have a median rent of $950 while Units have a median rent of $680.
Suburb Insights for East Melbourne 3002
Market Insights
East Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
East Melbourne 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
