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457 High Street, Motueka, Tasman

$1,045,000 + Including GST

9

3

Triple Income Investment

New to the Market.

Positioned in a convenient and popular part of Motueka, this well-established investment property presents a fantastic opportunity to secure a multi-income asset with strong rental appeal.

The property comprises three attached flats, two driveways and shared lawn area`s, offering tenants both independence and comfort. This setup is highly attractive in the rental market and supports consistent occupancy.

Each flat is well laid out and features:

Two double bedrooms and one single bedroom

Functional open-plan kitchen, dining, and living areas

Bathroom with shower, vanity, and dedicated laundry facilities

Constructed in the early 1990s, the building is fully permitted and includes firewalls between units, providing peace of mind for both owner and tenants. Each flat is fitted with separate power meters, allowing for straightforward management and individual billing.

Additional features include:

Reliable town water supply and sewerage

Easy-care sections with individual outdoor spaces

One flat includes a cosy pot belly fire for added comfort

Solid, low-maintenance construction ideal for long-term ownership

Located within close proximity to local schools, shops, and the town centre, this property is ideally situated to attract and retain tenants, making it a dependable addition to any investment portfolio

Investment Highlights

Three income streams from self-contained flats

Strong tenant demand in a central Motueka location

Good rental returns with scope to increase over time

Individually metered utilities simplify management and maximise returns

Proven layout that appeals to families and long-term renters

Potential to add value through cosmetic upgrades or rent optimisation

Whether you're an experienced investor looking to expand your portfolio or seeking a reliable, income-generating property, this is an opportunity not to be missed.

Contact Graham Fielding today to arrange your viewing. Please note, 48 hours’ notice is required for afternoon viewings, Sunday viewings are not available.

Additional details

Type

House

Property ID

4052279

Listed on

13/04/2026

Updated

yesterday

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

OneRoof estimate

OneRoof mentions

Listed for sale on OneRoof for 2 days (last updated on 13 April) and was last sold in 2008 for $440,000. OneRoof now estimates this property to be $890,000 and its latest rating valuation by Tasman council is $810,000 as of 2023. There are 8 9-bedroom properties for sale nearby. There are 67 properties for sale in Motueka.

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Property data

On OneRoof

1 days

Property Type

House

Floor Area

272m²

Land Area

766m²

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Motueka, Tasman

Motueka is a suburb which lies within the Territorial Authority of Tasman, one of 32 residential suburbs which form the wider region. Motueka is the 2nd largest suburb of Tasman in terms of the total number of residential housing stock. Motueka provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Motueka is made up of approximately 89% residential housing , 1% residential investment housing and 10% lifestyle properties.

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