Triple Income Opportunity in the Heart of Parramatta Park

Positioned on a generous allotment just moments from the Cairns CBD, this versatile high-set Queenslander presents an outstanding opportunity for investors seeking strong rental returns or owner-occupiers looking to supplement their income.

Tastefully converted into three self-contained residences, the property offers multiple income streams while retaining the charm and character of its classic Queenslander origins. With separate living spaces, functional layouts and excellent tenant appeal, this is a rare opportunity in one of Cairns' most tightly held city-fringe suburbs.
The upper level features a spacious three-bedroom residence, complete with open plan living and dining, a well-appointed kitchen, private balcony and generous bedrooms serviced by a central bathroom.

Downstairs has been thoughtfully configured into two one-bedroom self-contained apartments, each offering an open plan living and kitchen area, private bedroom with ensuite and walk-in robe, making them ideal for long-term tenants or extended family accommodation.

Situated within walking distance to Cairns CBD, the Esplanade, hospital precinct, schools, public transport and an array of cafés and restaurants, the location ensures consistent rental demand and exceptional convenience.

Property Features:

• High-set Queenslander converted into three separate income-producing residences

Upstairs:
• Three bedrooms
• One bathroom
• Open plan living and dining
• Functional kitchen
• Large entertaining balcony

Downstairs:
• Two self-contained one-bedroom apartments
• Each featuring an ensuite, walk-in robe, kitchen and open plan living
• Multiple income streams with excellent investment potential
• Solar power system
• Off-street parking
• Spacious yard with room for further improvements (STCA)
• Prime Parramatta Park location only minutes from the Cairns CBD

Current Rental Income:
• 49A (Upstairs): $520.00 per week until September 2026
• 49B: $365.00 per week until September 2026
• 49C: $365.00 per week until November 2026

Whether you're looking to expand your investment portfolio, accommodate multi-generational living, or secure a property with exceptional flexibility and future upside, 49 Charles Street delivers an opportunity that's increasingly difficult to find.

Contact 'The Ray Murphy Team' today to register your interest and book an inspection!

Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Inspections

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School catchments

The BUSY School Secondary 11-12 Independent 0.58km
FNQ Vocational Academy Secondary Government 0.82km
Cairns State High School Secondary 7-12 Government 0.99km
Parramatta State School Primary Prep-6 Government 1.1km
Trinity Bay State High School Secondary 7-12 Government 1.1km
Cairns School of Distance Education Combined Prep-12 Government 1.2km
Indie School, Logan - Parramatta Park Campus Secondary Independent 1.3km
St Joseph's School Primary Prep-6 Catholic 1.5km
St Augustine's College Secondary 7-12 Catholic 1.5km
St Monica's College Secondary 7-12 Catholic 1.6km
Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 1.7km
Mastery Schools Australia - Cairns Campus Combined Independent 1.7km
Mother of Good Counsel School Primary Prep-6 Catholic 1.7km
Cairns West State School Primary Prep-6 Government 2.0km
St Francis Xavier's School Primary Prep-6 Catholic 2.1km
Edge Hill State School Primary Prep-6 Government 2.1km
Balaclava State School Primary Prep-6 Government 2.8km
Whitfield State School Primary Prep-6 Government 3.2km
Mooroobool Silver Lining School Secondary Independent 3.4km
Our Lady Help of Christians School Primary Prep-6 Catholic 3.8km
Woree State School Primary Prep-6 Government 5.2km
Woree State High School Secondary 7-12 Government 5.3km
Freshwater Christian College Combined Prep-12 Independent 5.9km
St Gerard Majella Primary School Primary Prep-6 Catholic 6.1km
Freshwater State School Primary Prep-6 Government 6.1km
St Mary's Catholic College Secondary 7-12 Catholic 6.4km
St Andrew's Catholic College Redlynch Valley Combined Prep-12 Catholic 6.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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