1 & 2/33 Colvin Street, Oonoonba QLD 4811

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1 & 2/33 Colvin Street, Oonoonba QLD 4811

Offers Over $949,000

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$949k - $996k Transparent Transparent Listing Based on an openly advertised listing price.

Duplex 4 Beds 2 Baths 2 Cars 409 m²

Listed: 26th Jul 2026

Updated: 7 days ago

Overview

This investment-grade duplex is prominently situated on a well-sized 409 square meter lot in Oonoonba, a suburb known for its stability and growing demand. The property offers a unique opportunity for investors seeking a dual-income asset with an immediate revenue stream and strong potential for capital growth.

Its prime location near major employment hubs such as Townsville CBD, Lavarack Army Barracks, Townsville University Hospital, and James Cook University places it in a high-demand rental corridor, appealing particularly to professionals and students seeking convenient access to work and education.

The property is composed of two fully independent units, providing flexibility in income and occupancy options. Unit 1, currently leased until October 2026, is significantly under-rented at $480 per week, highlighting clear possibilities for rental uplift and improved returns in the near future.

Unit 2 is owner-occupied but immediately available to lease, enabling owners to capitalise on full dual income or retain one side for personal use while generating income from the other. This versatility caters well to investors looking for both income yield and long-term growth potential.

Dual self-contained units maximizing income security
Under-market rent on one unit offering value-add potential
Strong tenant demand ensuring reliable occupancy
Close proximity to key institutions and amenities supporting long-term capital appreciation

In summary, this duplex blends immediate cash flow with built-in growth leverage in a sought-after location, making it an appealing acquisition for investors focused on stable returns and asset resilience in Townsville's robust property market.

Local Market Insights

In Oonoonba, Quiet Listings observed 2 new duplexes entering the market over the last 30 days, with an average advertised asking price of $674,500. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and land (3%). The most active agency for duplexes in the Oonoonba area is currently Move Realestate Pty Ltd, representing 50% of new listings, followed by Ray White with 50%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.