587 Castle Street, North Dunedin, Otago

For Sale

587 Castle Street, North Dunedin, Otago

$519,000

110 m²

House

•

30+ days on the market

What's around 587 Castle Street

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