3-5 Francis StreetTraralgon VIC 3844
Property Details for 3-5 Francis St, Traralgon
3-5 Francis St, Traralgon is a 9 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1950. The property has a land size of 1231m2 and floor size of 163m2. While the property is not currently for sale or for rent, it was last sold in August 1992.
Last Listing description (September 2026)
Positioned within walking distance to Traralgon's CBD and railway station, 2426 Francis Street presents a rare opportunity to secure a fully tenanted multi-unit holding on approximately 1,231m across two titles.
Comprising five units in total, the property includes four 2-bedroom units and one 1-bedroom unit, with each offering its own bathroom, laundry facilities and off-street parking/carport space. With a diverse layout and accommodation option across the complex.
Currently returning:
Unit 2 $240 per week (leased until 12/08/2026)
Unit 3 $280 per week (leased until 10/05/2027)
Unit 4 $280 per week (leased until 15/12/2026)
Unit 5 $280 per week (leased until 26/11/2026)
Set on a substantial allotment with approximately 34.9m frontage, the property provides an immediate holding income together with future scope to renovate, improve and add value over time (STCA). This is a genuine value-add opportunity ideally suited to experienced investors, renovators or developers seeking a project with long-term upside.
Opportunities of this scale are becoming increasingly difficult to secure, particularly within such close proximity to the Traralgon CBD, train station, shops, schools and everyday amenities.
Key Features: Approx. 1,231m allotment across two titles Five fully tenanted rental units Four 2-bedroom units plus one 1-bedroom unit Existing leases in place until 20262027 Approx. 34.9m frontage Individual bathrooms and laundries to each unit Off-street parking/carport space available Generous shared and private yard areas Walking distance to CBD & railway station Value-add renovation opportunity Potential future redevelopment opportunity (STCA) .
For further information or to arrange an inspection, contact Racquel Dickson on 0421 333 115 at First National LATROBE.
Property History for 3-5 Francis St, Traralgon, VIC 3844
- 20 May 2026Listed for Sale $ 998,000
- 25 Aug 1992Sold for $51,000
- 04 Dec 1984Sold
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0About Traralgon 3844
The size of Traralgon is approximately 56.3 square kilometres. There are 78 parks, covering nearly 4.3% of the total area. The population of Traralgon in 2016 was 24933 people. By 2021 the population was 26907 showing a population growth of 7.9% in the area during that time. The predominant age group in Traralgon is 30-39 years. Households in Traralgon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation.In 2021, 71.00% of the homes in Traralgon were owner-occupied compared with 68.80% in 2016.
Traralgon has 15,725 properties. Over the last 5 years, Houses in Traralgon have seen a 50.48% increase in median value, while Units have seen a 45.33% increase. As at 31 August 2026:
- The median value for Houses in Traralgon is $660,944 while the median value for Units is $404,464.
- Houses have a median rent of $500 while Units have a median rent of $390.
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