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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

509/118 Franklin Street
Melbourne, VIC 3000

$265,000 - $290,000

Apartment 1 bed 1 bath 1 car
Listed Date: 3rd Jun 2026
Last Updated: 15th Jun 2026
Overview

Inner-City Lifestyle and Investment Opportunity with Secure Car Park

  • Positioned within one of Melbourne's most convenient lifestyle precincts
  • Functional open plan studio layout
  • Private balcony with natural light and urban outlooks
  • Split-system heating and cooling
  • Secure intercom entry
  • Secure car park included
  • Low-maintenance asset with high tenant demand
  • Walking distance to Queen Victoria Market, Melbourne Central, RMIT University, cafes, restaurants, and public transport

Located in the heart of Melbourne's vibrant central business district, this well-maintained studio apartment within the Stargate Apartments complex offers a low-maintenance lifestyle combined with exceptional convenience and strong investment potential. The property is ideally situated just moments from key landmarks including Queen Victoria Market, RMIT University, Melbourne Central, popular dining precincts, and a variety of public transport options, making it a highly desirable city residence.

The apartment is thoughtfully designed to provide comfortable inner-city living with a bright and inviting open plan layout that accommodates living, dining, and sleeping areas. Sliding doors lead to a private balcony, allowing natural airflow and light to enhance the living space. The kitchen is simple yet functional, complemented by a spacious bathroom. Additional features include split-system heating and cooling for year-round comfort, mirrored built-in robes for storage, secure intercom entry for safety, and the valuable inclusion of a secure car parking space.

This property is an excellent choice whether you are seeking a first home in the city, a convenient Melbourne base, or a strong-performing investment opportunity. It offers a unique chance to secure a quality apartment in one of Melbourne's most connected and sought-after lifestyle precincts.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

12:40 PM - 1:00 PM AEST
12:00 PM - 12:30 PM AEST

This property has had 3 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.

Location
509/118 Franklin Street
Melbourne VIC 3000
Market Insights for Melbourne VIC 3000
New Listings (last 30 days)
8
Average price
$434,375
Lowest price
$245,000
Highest price
$750,000
Other properties in this postcode

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.