4/640 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 770m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in May 2013.
Prime retail/office and residence on CBD fringe
Bursting with potential for the savvy investor or business owner, this is a sensational opportunity to acquire an offfice/shop front with upstairs residence. Situated on a leafy boulevard and surrounded by premium retailers, walk to the CBD, Queen Vic Market, trams and trains. Featuring kitchenette, powder room and euro laundry, the 45 sq m retail/office space is bright and spacious with a secure basement carpark plus ample customer parking out the front. Upstairs, light floods in via a sunny balcony and large light shaft into the open-plan living/dining and chic kitchen with stone benches and Blanco appliances. With double bedroom, sparkling bathroom, heating, cooling and video intercom
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 64,285 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
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