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83 Alma Rd Apartment Building For Sale St Kilda, VIC 3182
Investment Highlights
- Approx. 931 sqm General Residential Zone landholding with strong redevelopment potential (STCA).
- Located 170 meters from Alma Park Gardens and walking distance to Chapel Street’s retail hub.
- Outstanding bayside location only minutes from Melbourne CBD and St Kilda Beach.
- Fully leased with annual income of approx. $238,824 and zero vacancy exposure.
- Close proximity to elite schools, major arterials, and comprehensive public transport links.
Executive Summary
83 Alma Road presents an outstanding opportunity to secure an established apartment asset within Melbourne’s celebrated St Kilda district. Comprising 15 fully leased apartments across three levels, the property combines immediate income performance with exceptional long-term value-add potential. Positioned on a substantial 931 sqm landholding zoned GRZ, this site provides future redevelopment flexibility for boutique townhouses or luxury apartments (STCA) in one of Melbourne’s strongest-performing residential markets.
The block includes twelve one-bedroom and three two-bedroom apartments, with on-site parking accessible directly from Alma Road. Generating a robust annual rental income of approximately $238,824 with zero vacancy, the property provides secure cash flow for investors while accommodating upside through design and amenity upgrades. Additional income is derived from coin-operated laundry facilities, further supporting investment returns.
Located moments from Alma Park Gardens and only 500 meters from Chapel Street’s vibrant retail and hospitality precinct, the property benefits from exceptional connectivity to Windsor Train Station, Tram route 78, and major arterials including Dandenong Road and St Kilda Road. Positioned just 6 kilometers from Melbourne’s CBD and under 2 kilometers to St Kilda Beach, this address offers unparalleled access to lifestyle, transport, and employment hubs—all within a premium bayside locale.
The block includes twelve one-bedroom and three two-bedroom apartments, with on-site parking accessible directly from Alma Road. Generating a robust annual rental income of approximately $238,824 with zero vacancy, the property provides secure cash flow for investors while accommodating upside through design and amenity upgrades. Additional income is derived from coin-operated laundry facilities, further supporting investment returns.
Located moments from Alma Park Gardens and only 500 meters from Chapel Street’s vibrant retail and hospitality precinct, the property benefits from exceptional connectivity to Windsor Train Station, Tram route 78, and major arterials including Dandenong Road and St Kilda Road. Positioned just 6 kilometers from Melbourne’s CBD and under 2 kilometers to St Kilda Beach, this address offers unparalleled access to lifestyle, transport, and employment hubs—all within a premium bayside locale.
Property Facts
| Sale Type | Investment | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 11,722 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Building Class | C |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 11,722 SF |
| No. Stories | 3 |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
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83 Alma Rd
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