R1.65M | 3 Income-Generating Homes on 1084sqm | ±R21 000/Month
updated on Feb 24, 2026
R 1 650 000

WEB REF: 763074

Property Summary
  • Selling Price R 1 650 000
  • Property Type House
  • Erf Size 1084 m2
  • Rates & Taxes R1219.34


  • Beds 6
  • Baths 3
Description

Whether you are expanding your portfolio or buying your first investment property, this multi-unit opportunity in Kensington offers immediate income and long-term growth. Set on a generous 1084sqm stand, this property comprises three semi-detached 2-bedroom homes, currently generating approximately R21 000 per month (±R252 000 per year) in rental income. At the asking price of R1 650 000, this represents an estimated ±15% gross yield — a strong return in a well-established rental area. Each Unit Offers: • 2 Bedrooms • Lounge • Kitchen • Bathroom Why This Investment Makes Sense: ✔ Immediate rental income from three separate units ✔ Spread risk across multiple tenants ✔ Large stand with future expansion potential ✔ Quiet residential setting attractive to tenants ✔ Close to Eastgate Mall, major routes, schools, and public transport For seasoned investors, this is a solid cash-flowing asset with upside potential. For first-time investors, this is an opportunity to enter the market with built-in income from day one. Multi-unit properties on large stands in Kensington are not common at this price level. Contact us today to arrange your private viewing and secure this smart investment.

Additional Features
  • Carport
  • Garden
  • Pets Allowed
Property Address

Kensington, Johannesburg, Gauteng

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