40 Mcalister StreetFrankston VIC 3199
Property Details for 40 Mcalister St, Frankston
40 Mcalister St, Frankston is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 680m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in July 2025.
Last Listing description (August 2025)
Located just moments from the Frankston CBD, beach, train station and public transport, this 3-bedroom, 2-bathroom home offers plenty of potential for renovators, investors, or those seeking a versatile floorplan.
The home includes two generous living areas and the rare bonus of a second kitchenperfect for extended family, dual living, or future rental income (STCA). While it's in need of some work, the solid bones and unbeatable central location make this a smart buy for anyone with vision.
Positioned in the heart of Frankston Central, you'll enjoy easy access to shops, schools, transport and the bay. With a bit of TLC, this home could be transformed into something special.
Don't miss your chance to add value in one of Frankston's most convenient locations.
Property History for 40 Mcalister St, Frankston, VIC 3199
- 25 Jul 2025Sold for $730,000
- 24 Jul 2025Listed for Sale $670,000 - $720,000
- 17 Aug 2016Listed for Rent $350 / week
Recent sales nearby
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About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.
Frankston has 21,832 properties. Over the last 5 years, Houses in Frankston have seen a 7.98% increase in median value, while Units have seen a 12.98% increase. As at 31 August 2026:
- The median value for Houses in Frankston is $815,119 while the median value for Units is $558,435.
- Houses have a median rent of $600 while Units have a median rent of $500.
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