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A, B, and C/540 Leith Street, North Dunedin, Dunedin City

Price by Negotiation

15

6

465m²

Multi-unit scale – $195,000 p.a. income

Positioned in the heart of Dunedin’s student precinct, this multi-unit investment offers scale, strong returns, and proven appeal in one of the city’s most tightly held rental locations. Comprising three adjoined five-bedroom flats on individual unit titles, the property generates a total rental income of $171,600 per annum for 2026 and $195,000 per annum for 2027, reflecting consistent demand and reliable performance.

Each flat is configured across three levels. The ground floor provides a north-facing living area with excellent natural light, flowing directly into the kitchen, along with a bathroom incorporating shower and toilet, separate laundry, and rear access to off-street parking. The first floor accommodates two bedrooms and a second bathroom, while the second floor offers a further three bedrooms. All bedrooms include built-in wardrobes and desks.

Constructed in the 1990s by the current owner and well maintained, the buildings benefit from ceiling and underfloor insulation.

With each unit separately titled, investors have flexibility in future ownership strategies, while the opportunity to acquire all three in one offering provides immediate scale and income. Located within easy walking distance to the University of Otago and central amenities, this is a proven investment in a location where demand continues to underpin performance.

A rare chance to secure a multi-unit, income-generating asset in a premium student location.

Info pack available including LIM report (and floorplans).

Contact Nick Berryman or Sharon Hyndman for further information and viewing arrangements.

Additional details

Type

Unit

Property ID

4603745

Listed on

04/06/2026

Updated

yesterday

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Listed for sale on OneRoof for 2 days (last updated on 4 June). There are 15 15-bedroom properties for sale nearby. There are 24 properties for sale in North Dunedin.

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North Dunedin, Dunedin City

North Dunedin is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. North Dunedin is the 5th largest suburb of Dunedin in terms of the total number of residential housing stock. North Dunedin 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 1990 - 1999. Residential housing stock in North Dunedin is made up of approximately 68% residential housing and 32% residential investment housing properties.

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