398 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

398 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 44m2
Land area: 73m2
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Last updated 22 Dec 2025
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Property Details for 398 Elizabeth St, Melbourne

398 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 73m2 and floor size of 44m2.

Building Type
Unit
Year Built
2017
Floor Size
44m2
Land Size
73m2
Local Government
Melbourne

Last Listing description (June 2023)

Live in the heart of the CBD in the sensational residence that is Empire. Enjoy the luxury of the indoor swimming pool, private lounge and function rooms and a superbly equipped gymnasium, make your stay exceptional in every sense.The apartment features an inbuilt sitting area and European kitchen that includes gas stainless steel cooking, stone bench top, glass splashback and a dishwasher drawer. An air conditioned living room awaits that leads to your own balcony. There are two spacious bedrooms both with BIR's and the bathrooms are beautifully finished. Microwave and dining table and chairs will be also provided.Situated in the heart of the new heart of the CBD at your doorstep, with all the amenities at your doorstep. this apartment will be your great base for CBD living. A lifestyle in keeping with Melbourne's modernity, diversity and sophistication awaits you at Empire.Landlords: The early bird catches the worm - List now with Melbourne Real Estate, ask for a special Empire offer, and take advantage of our award winning Property Management service that has seen us win the Australian Property Management Company of the year! We currently are experiencing less than 1% vacancy and lease properties in 16 days on average. Our marketing will ensure a huge response to your benefit!Contact Jake Hu to arrange your inspection on 0499 000 225.Arranging an inspection is easy! To book a time to inspect, simply click on Book an Inspection Time or Email Agent to book instantly using our online system. By registering, you will be INSTANTLY informed of any updates, changes or cancellations for your appointment

Property History for 398 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$350/w
25 Jun 2021
  • 09 Nov 2021
    Listed for Rent - Price not available
  • 06 Jul 2021
    Listed for Rent $580 / week
  • 15 Jun 2017
    Listed for Rent - Price not available
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.