1-3/38 Nicholson Street, Allenstown QLD 4700

An exceptional investment opportunity in a highly sought-after area, this well-maintained block of three x 2-bedroom, 1-bathroom units offers solid returns, strong rental demand, and the potential to further increase value.

Positioned in a desirable location known for its low vacancy rates, each unit features a functional layout, generous bedrooms, and open-plan living. One unit has been partially renovated, providing a head start for future upgrades that could boost rental income even further.

Built in durable low-set brick, this complex is ideal for investors seeking a reliable, low-maintenance addition to their portfolio.

Unit 1: $400p/w until 11/03/26
Unit 2: $400p/w until 27/09/26
Unit 3: $390p/w until 26/02/26 increased to $420p/w

Each unit features:
• 2 spacious bedrooms - with built-in robes
• 1 bathroom with separate toilet
• Functional kitchen
• Open-plan combined lounge and dining
• External secure laundry
• Undercover carport at front of unit
• Air-conditioning and ceiling fans throughout

Triplexes are a rare find, and one this low maintenance won't last long! Contact Jessica and/or Elizabeth today for property campaign access and to the view the Seller Disclosure and Building and Pest Inspection Report.