5101/138 Spencer StreetMelbourne VIC 3000
Property Details for 5101/138 Spencer St, Melbourne
5101/138 Spencer St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2020. The property has a land size of 1830m2 and floor size of 66m2.This Property is currently listed for sale with Jalin Realty Australia Pty Ltd
Last Listing description (April 2026)
Positioned high above Melbourne's CBD, this modern two-bedroom, two-bathroom apartment at 5101/138 Spencer Street presents an outstanding investment opportunity in a location underpinned by consistent rental demand.
The apartment features a functional open-plan living and dining area, complemented by a contemporary kitchen with stone benchtops, quality appliances and ample storage-an ideal layout for tenants seeking low-maintenance inner-city living. Floor-to-ceiling glazing enhances natural light and city outlooks, adding to tenant appeal.
Both bedrooms are generously sized and fitted with built-in robes, with the master enjoying a private ensuite. A central bathroom services the second bedroom, making the apartment well-suited to sharers, professionals or long-term tenants. Modern finishes, neutral tones and efficient use of space ensure broad market appeal.
Additional features include split-system heating and cooling, secure building access and well-considered internal storage-key inclusions for strong leasing performance.
Located moments from Southern Cross Station, free trams, Docklands and Melbourne's key employment, education and lifestyle hubs, the property benefits from excellent connectivity and walkability. This highly accessible CBD position continues to attract professionals, students and corporate tenants alike.
Set within a well-established residential tower offering lifestyle amenities, the apartment delivers a compelling blend of location, functionality and long-term investment fundamentals.
A high-demand CBD asset ideal for investors seeking reliable rental appeal in a blue-chip location.
Private inspection requests are welcome but subject to availability.
(PHOTO ID REQUIRED AT OPEN HOUSE)
NOTE: Link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.
Property History for 5101/138 Spencer St, Melbourne, VIC 3000
- 26 Feb 2026Listed for Sale $695,000 - $760,000
- 02 Aug 2023Listed for Sale Offer greater than $800,000
- 31 Jul 2023Listed for Rent $750 / week
Recent sales nearby
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0About 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 64,272 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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