3 Bed, 1 Bath Property for Sale in Korobosea
Korobosea, Port Moresby, NCD
Listed 3 weeks, 2 days agolast updated 3 weeks, 2 days agoTenders Open
From the agency
About this property
Investment Opportunity - Fully Tenanted Residential Units
Secure a quality income-producing investment in one of Port Moresby's most sought-after residential locations. This well-maintained property comprises a block of four residential units, featuring two spacious 3-bedroom units and two comfortable 2-bedroom units, all fully tenanted under corporate lease agreements, providing immediate and reliable rental income.
Solid construction well maintained, the property also includes a self-contained domestic quarters and storage rooms with excellent potential to be converted into additional income-generating accommodation, further enhancing the investment return.
The property is fully secured with a perimeter fence and is equipped with a 25 KVA standby generator, reserve water tanks.
Ideally positioned in a highly desirable location, the property is within close proximity to Korobosea International School, Port Moresby General Hospital, and is only five minutes from the Boroko CBD, offering exceptional convenience for corporate tenants.
Property Features
* Block of four residential units - 2 × 3-bedroom units and 2 × 2-bedroom units
* Fully leased to corporate tenants
* Self-contained domestic quarters & storage rooms with potential for conversion into additional rental units
* 25 KVA standby generator
* Reserve water tanks and pressure pump
* Secure, fully fenced compound
* Solid construction and excellent condition
* Prime location close to schools, hospitals, shopping, and business districts
This is an outstanding opportunity for investors seeking a quality asset with established rental income, strong tenant appeal, and future value-add potential.
Inspection by appointment only. Contact us today to arrange a viewing and receive further investment information.
Market intelligence
Where this home sits
From the 14 Real Estate for Sale in Korobosea on the market right now
Asking pricehigher than 45%
cheapest heredearest here
K4,000,000 against a district median of K4,200,000. The middle 60% of the 14 Real Estate for Sale in Korobosea that publish a price ask between K3,000,000 and K7,340,000.
K4,000,000 is priced lower than 55% of the 14 Real Estate for Sale in Korobosea that publish a price. The median asks K4,200,000, and the middle 60% ask between K3,000,000 and K7,340,000.
14 of 14 listings carry a price · These are asking prices on live listings, not sold prices — Papua New Guinea has no public record of what homes actually sell for · See all 14 in Korobosea →
The home
What this offers
The neighbourhood
Location
Korobosea, Port Moresby, NCD
District guide
Port Moresby
Across every residential property in this area, not only this kind. The ranges are the middle 60% of asking prices — the same measure the market figures above use, over a wider set.
The money
Plan the purchase
Typical bank terms to start from — drag them to your own
An indicative repayment at the deposit, rate and term you set here. It is not an offer, and it leaves out bank fees, insurance and transfer tax.
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