37 Albert Street, Palmerston North, Manawatu-Wanganui

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Palmerston North

SoldNov 21, 2025

37 Albert Street, Palmerston North, Manawatu-Wanganui

$320,000

319 m²

1012 m²

Unit

•

30+ days on the market

Sold: Nov 21, 2025

What's around 37 Albert Street

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

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Buyer's review

5 months ago

Verified Review

A real estate agent who exceeds expectations

Michele Barnao was the real estate agent on a multi-unit property I recently purchased in Palmerston North. Michele provided me with all the information I requested in a timely manner. Michele was readily available to meet my team at the property, which was very important as I don't live in Palmerston North. Michele was always available to talk and kept me updated throughout the process. This allowed the sale to be completed over a short period for a multi - unit purchase. I would highly recommend Michele to anyone looking for a real estate agent to either sell or purchase a property in Palmerston North.

Buyer

Seller's review

6 months ago

Verified Review

Experience Counts

Michele transacted a sale for us recently on a block of investment flats. A challenge in many ways especially as there was so much more work involved in dealing with multiple properties such as tenants, access to complete due diligence and viewings. We were presented with multiple offers ( again requires extra work) and the properties sold within a short timeframe. Thank you Michele, we appreciate your professionalism, expertise and communication.

Tania And Mike Young

Seller