3 James Street, Cairns North QLD 4870

This distinctive Queenslander property in Cairns North presents a rare and flexible investment opportunity by combining the appeal of traditional Queensland architecture with the practicality of multi-unit accommodation.

Architecturally, the upper-level residence stands out with its classic timber flooring, high ceilings, and traditional casement windows, creating an inviting and character-filled living environment. Its layout features three spacious bedrooms, a functional kitchen with ample storage, separate living and dining areas, and a large bathroom complete with a bathtub, all enhanced by an outdoor entertaining deck that captures natural light and tropical breezes, fostering comfortable indoor-outdoor living.

Beneath this, the property includes two self-contained, one-bedroom units with their own kitchens and bathrooms, ideal for tenants seeking affordable, convenient accommodation. This configuration enables the generation of three separate rental income streams from one property, offering investors flexibility and potential for stable returns.

The generous off-street parking accommodates up to four vehicles in undercover carport spaces, adding practical convenience for residents and tenants alike. The grounds feature established tropical landscaping and shared outdoor areas, contributing to the property's overall appeal and livability.

Situated just minutes from Cairns CBD, the Esplanade, schools, shopping centers, and public transport, the location further enhances the property's investment potential by offering access to key local amenities and transport routes.

This multi-residence Queenslander is suited to investors aiming to diversify their portfolio with a property that balances character, versatility, and location. It provides opportunities not only for immediate rental income but also for future enhancements to increase value.

• Traditional Queenslander charm with well-maintained interiors
• Three-bedroom upper floor home coupled with two ground floor one-bedroom units
• Multiple distinct rental incomes providing flexible investment options
• Extensive parking with undercover carports for four vehicles
• Established tropical gardens and practical shared outdoor spaces
• Exceptionally convenient proximity to Cairns CBD and amenities

The current rental return is boosted by leases to October 2027 for the three-bedroom unit and to 2026-2027 for the one-bedroom units, offering income stability for prospective investors. This property demands attention from buyers looking for a unique blend of traditional appeal and income diversification in a prime location.