Positioned in sought-after North Portland, 81 Browning Street presents a rare and versatile investment opportunity set on an expansive approx. 1,589m² allotment. Comprising five titles in total, the property includes four well-maintained two-bedroom units plus a vacant front lot, offering immediate income with exciting future development potential (S.T.C.A.). Each unit is thoughtfully designed with two bedrooms featuring built-in robes, a combined dining and living area, functional kitchen, private courtyard and individual carport, providing comfortable, low-maintenance living for tenants. With leases currently in place, the property delivers a solid return of approximately 6.2%, making it an attractive addition to any investment portfolio. The substantial land holding and separate titles open the door for further development, with the vacant front allotment providing scope to construct an additional unit (S.T.C.A.), enhancing both rental yield and long-term capital growth. This multi-dwelling property is a standout opportunity for investors seeking strong returns, future development potential and a blue-chip coastal location. Contact Assets Real Estate today to book your inspection.