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Mixed-use Property

9/87 Merton Street

Albert Park VIC 3206, Australia

1 Bedrooms
1 Bathrooms
1 Parking
486 m² Land size
- Internal area

About this property

yardizepropertyrecord

Unit 9 at 87 Merton Street, Albert Park is a 1‑bedroom, 1‑bathroom flat situated within a nine‑unit residential block. The building occupies a freehold parcel of approximately 486 m² and is fully leased, offering a stable income stream for owners. The block is marketed for potential refurbishment or redevelopment and was recently offered at auction for $2.5 million.

Located in the inner‑city suburb of Albert Park, the property benefits from close proximity to tram routes, local schools and a range of nearby amenities

Also written as Unit 9, 87 Merton Street.

Key details

Locality
Albert Park
State
VIC
Coordinates
37.844007 / 144.955165
GNAF PID
GAVIC410731568
Legal parcel ID
3~43M\PP3084D
Remoteness area
Metro
Property type
Mixed Use
Unit land size
486 m²
Unit internal area
-
Total units in building/complex
9 apartments
Internet
FTTN up to 50 Mbps download
Mobile coverage
Reliable 5G mobile coverage
Bushfire risk
None detected
Flood risk
Flood risk (SPECIAL BUILDING risk – SCHEDULE 2)
Heritage overlay
Detected
Land Use Category
Mixed Use

Commercial property information

Nopicnic
Food & Beverage
Not verified / may have moved

Listed in business directory top‑panel as a most popular place at this address

Search ABN on Scoutize
Personal Fitness
Fitness
Not verified / may have moved

Listed in business directory top‑panel as a most popular place at this address

Search ABN on Scoutize

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$434
Expected property value
$503,000
Estimated yield
4.49%
Confidence
Medium

Based on the comparable property evidence currently available.

Property insights

Building profile

  • Total units: 9 apartments Stonebridge
  • Lease status: 100 % leased
  • Recent auction price: $2.5 million
  • Marketing agents: Max Warren, Dylan Kilner, Tony Sun, Chao Zhang

Property Features

  • 1‑Bedroom flat
  • 1‑Bathroom
  • Shared on‑site car spaces (9 total)
  • Dual‑street frontage offering flexible access

Recorded sales and leasing agents

  • Max Warren – 0488 296 892
  • Dylan Kilner – 0459 396 341
  • Tony Sun – 0432 022 868
  • Chao Zhang – 0411 625 068
Recorded listing contacts
Woodards Elsternwick Historical rental listing agent for unit 9

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
90%
Renter-occupied
10%

Real Estate Agencies

Ordered by:
Marshall White
5.8 km
Head Office Level 1, 1111 High Street, Armadale, VIC 3143
Gary Peer & Associates (St Kilda) - ST KILDA
3.3 km
33 Inkerman Street, St Kilda, VIC 3182
Buxton - Brighton
8.6 km
Level 1, 28 Carpenter Street, Brighton, VIC 3186
Marshall White - Port Phillip
0.4 km
110 Bridport Street, Albert Park, VIC 3206
Buxton - Port Melbourne
1.3 km
370 Bay St, Port Melbourne, VIC 3207
The Agency - Victoria
6.4 km
Vic Head Office | Level 3/489 Toorak Road, Toorak, VIC 3142
Jellis Craig - Port Phillip
0.4 km
332 Montague Street, Albert Park, VIC 3206
Buxton - Albert Park
0.4 km
330 Montague Street, Albert Park, VIC 3206
BigginScott - Richmond
4.0 km
28 Bridge Road, Richmond, VIC 3121
Kay & Burton - Bayside
4.8 km
7/505 Toorak Road, Toorak, VIC 3142
RT Edgar
4.6 km
10 Wallace Avenue, Toorak, VIC 3142
Nick Johnstone Real Estate - Brighton
7.8 km
248 Esplanade, Brighton, VIC 3186
WHITEFOX Real Estate - Port Phillip
0.4 km
317A Montague Street, Albert Park, VIC 3206
James Nicolaou Real Estate - Port Phillip
1.5 km
Level 1,189 Rouse Street, Port Melbourne, VIC 3207
Belle Property - Albert Park
0.3 km
29 Victoria Avenue, Albert Park, VIC 3206
Wilson Agents - Glen Eira
6.8 km
195 Balaclava Road, Caulfield North, VIC 3161
Evoke Property
1.5 km
Level 5, 111 Cecil Street, South Melbourne, VIC 3205
Melbourne Residential Real Estate - Southbank
3.6 km
Level 14/460 Lonsdale Street, Melbourne, VIC 3000
Hodges - Prahran/South Yarra
3.3 km
2 Chatham Street, Prahran, VIC 3181
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
Albert Park Primary School
0.3 km
Primary school | Government
Middle Park Primary School
0.5 km
Primary school | Government
Albert Park College
0.7 km
Secondary school | Government
South Melbourne Park Primary School
0.8 km
Primary school | Government
Galilee Regional Catholic Primary School
0.9 km
Primary school | Independent
Port Phillip Specialist School
1.4 km
Special school | Government
Montague Continuing Education Centre
1.6 km
Special school | Government
South Melbourne Primary School
1.7 km
Primary school | Government
Macrobertson Girls High School
1.7 km
Secondary school | Government
Victorian College of the Arts Secondary School
1.9 km
Secondary school | Government
Melbourne Grammar School
2.0 km
Combined school | Independent
Port Melbourne Primary School
2.2 km
Primary school | Government
Wesley College
2.2 km
Combined school | Independent
St Kilda Park Primary School
2.5 km
Primary school | Government
South Yarra Primary School
2.7 km
Primary school | Government
Port Melbourne Secondary College
2.4 km
Secondary school | Government
Melbourne Girls' Grammar School - An Anglican School
2.9 km
Combined school | Independent
Prahran High School
3.3 km
Secondary school | Government
Ozford College
3.5 km
Secondary school | Independent
St Michael's Grammar School
3.6 km
Combined school | Independent
* Approximate straight-line distances

Frequently asked questions

How many bedrooms does unit 9 have?

Unit 9 contains one bedroom

Stonebridge.com.au
How many units are in the building at 87 Merton Street?

The building comprises nine apartments

Stonebridge.com.au
How many bathrooms are in unit 9?

Unit 9 has one bathroom

Stonebridge.com.au
What is the land size of the property?

The freehold parcel measures approximately 486 square metres

Stonebridge.com.au
Who are the agents listed for the block sale?

The sale is being handled by Max Warren, Dylan Kilner, Tony Sun and Chao Zhang

Stonebridge.com.au
What was the recent auction price for the whole block?

The block was advertised for auction at $2.5 million

Stonebridge.com.au
Which tram stop is closest to the property?

The Carter St/Mills St tram stop is about 0.3 km away

Which post office is nearest to the address?

Albert Park Post Office is located roughly 0.4 km from the property

Related profiles

Jump to the related profiles for this address.

Root property

87 Merton Street

View the main multi-unit property profile covering 5 tracked units.

View root property

Suburb profile

Albert Park

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

Merton Street

See the street-level property page and compare nearby listings.

View street profile