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587 Castle Street

North Dunedin Otago

3
1
110 m²
House
Currently for sale - view listing

Overview

Multi-Income / Prime Opportunity! – Buy 1or All 3

*** $615pw (each) | All Three Rented for 2026= $1845pw *** Right in the heart of Dunedin’s premier student zone, this is your chance to secure a set-and-forget investment with immediate returns and long-term potential. 587 Castle Street North is one of three adjoining flats – each currently rented for 2026 at $615 per week – offering a rare opportunity to purchase one, two, or all three in this iconic row. Each flat is configured for student living with generous bedrooms, a functional and light-filled kitchen (with skylight), a cosy living area, heat pump for year-round comfort, separate laundry, and tidy bathroom. A touch of student flair adds character – including the infamous “Manny’s Bar” sign in 587’s lounge. Surrounded by the University of Otago, Otago Polytechnic, and the buzz of Castle Street living, this location guarantees strong rental demand and minimal vacancy – a smart choice for seasoned investors or forward-planning parents alike. With multi-income potential and the certainty of signed tenancies for the year ahead, this is a premium offering on a street that needs no introduction. Enquire now to secure one – or the whole block. Opportunities like this are seldom seen. Public Download Link: https://www.ganeshrout.co.nz/current-listings/587-castle-street-north-dunedin-dunedin

Features

3 bedrooms
1 bathroom
110 m² floor area
House

Happy sellers in North Dunedin

89%
89% of sellers in North Dunedin reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in North Dunedin over the last 12 months.

Local market activity for 3 bedroom houses in North Dunedin

In the last 12 months, 3 three-bedroom houses similar to 587 Castle Street, have been sold.

This represents a 50% decrease in three-bedroom houses sales when compared to the previous 12 months.

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