1/33 Armadale Street

1/33 Armadale Street is a 2‑bedroom, 1‑bathroom apartment unit within a low‑rise building at 31‑33 Armadale Street in the inner‑south‑east suburb of Armadale, Melbourne. The building was constructed in 1970 and comprises 19 residential units on a 1,493 m² land parcel. The unit offers an allocated car space and an approximate internal floor area of 75 m².

It sold for $671,000 in July 2022. The building’s occupancy is about 65 % owner‑occupied and 35 % rented, with an average owner tenure of roughly 9 years 7 months. A comparable 2‑bedroom unit in the same complex rents for around $675 per week, delivering an estimated gross rental yield of 4.5 %.

The property benefits from close proximity to Armadale’s main thoroughfare, tram routes, local shops, cafés and Armadale Reserve