196 John Street
Maryborough, QLD 4650

This rare opportunity offers a unique chance to secure multiple income streams within a single property holding. Situated on a generous 1,635 square meter allotment in a convenient Maryborough location, this property blends character-filled living with excellent investment potential. It features two well-sized units alongside a separate residence at the rear.

The front dwellings showcase charming period features such as vertical joint (VJ) walls, high ceilings, and decorative finishes, creating a warm and inviting atmosphere. These homes are complemented by practical layouts and comfortable living spaces designed for everyday convenience.

What distinguishes this property is its versatility and long-term value. Currently, two long-term tenants occupy the property, providing immediate rental income. There is also the option to rent the third unit to maximize returns or to move in personally and hold the property for future growth. The entire property sits on one title with no body corporate fees, making it a tightly held asset that offers both immediate income and future upside potential.

Located close to schools, shops, and key amenities, this property presents a compelling opportunity for investors seeking scale, simplicity, and strong potential in one strategic purchase.

Key Features:

• Multiple rental income streams with two tenants already in place
• Generous 1,635 sqm allotment with three dwellings on one title
• Two units plus a separate cottage
• Six bedrooms and six bathrooms across the property
• Car accommodation for three vehicles, one for each dwelling
• Character features including VJ walls and high ceilings
• Multiple living zones with flexible layouts
• No body corporate fees
• Central location close to schools, shops, and transport

Current Rental Returns:

• House (1/196 John Street) - $420 per week (lease from 6 June 2026 to 5 June 2027)
• Unit 2 - $410 per week (lease from 28 June 2026 to 27 June 2027)
• Unit 3 - Vacant, with a rental appraisal of $460 to $490 per week

This property is ideal for investors looking for a solid income-producing asset with future growth potential, or for those seeking a versatile home with multiple living options.