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Back 37 Albert Street
Off Market

37 Albert Street

Palmerston North Manawatu-Wanganui

9
5
2
319 m²
1012 m²
Unit
Last sold for $320,000
Michele BarnaoMichele Barnao, last sold this property on 20 November 2025 after 50 days on market.

Overview

MULTI INCOME INVESTMENT WITH POTENTIAL

RV $1,590,000 This is an exceptional opportunity to secure a unique multi-income property in a prime central location. With a total of 9 bedrooms. The main house at the front of the property consists of two units (1 bedroom at the front with a separate lounge and 2 bedrooms at the back) both tenanted. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value. Behind this is a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adding further income security. Each unit is Healthy Homes compliant. Together all the flats return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities. Cross lease titles and combined Rateable Value as at 1 September 2024: $1,595,000 Centrally located, close to city amenities, transport and schools, this is an opportunity for investors, developers or land-bankers to secure a rare multi-income property in a growth area. Limited viewings by registration and appointment. TO BE SOLD AS ONE BLOCK

Features

9 bedrooms
5 bathrooms
2 carspaces
2 carport spaces
319 m² floor area
1012 m² lot size
Unit

Estimated Value

We need at least 3 similar 9 bedroom units sold in Palmerston North over the last 12 months.

Property history for 37 Albert Street

2025
Sold
$320,000
20 Nov 2025 by Michele Barnao, of Professionals Palmerston North (Unique Realty Ltd)

Happy sellers in Palmerston North

76%
76% of sellers in Palmerston North reported that their sale price either exceeded or met their price expectations.

Palmerston North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 35 reviews in Palmerston North over the last 12 months.

Local market activity for 9 bedroom units in Palmerston North

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Palmerston North

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Mark Davis

Sellers who recommend Mark Davis have praised them for being clear communication, local expert, friendly, well-prepared, responsive, supportive and reliable

  •   4.9   (117 reviews)
  •  7 Reviews in Palmerston North
  •  5 Sales in Palmerston North
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Nathan Mooney

Sellers who recommend Nathan Mooney have praised them for being clear communication, local expert, easy to work with, friendly and supportive

  •   5   (47 reviews)
  •  4 Reviews in Palmerston North
  •  7 Sales in Palmerston North
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Michele Barnao

Michele Barnao is a recommended agent for Palmerston North.  They have 5 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (12 reviews)
  •  4 Reviews in Palmerston North
  •  5 Sales in Palmerston North
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Neville Muldrock

Sellers who recommend Neville Muldrock have praised them for being clear communication, local expert, supportive, dedicated, reliable, responsive and easy to work with

  •   5   (73 reviews)
  •  4 Reviews in Palmerston North
  •  3 Sales in Palmerston North
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