This organically grown portfolio comprises 43 residential properties, predominantly in Adelaide’s southern suburbs, with others across metropolitan Adelaide and one in Woodside. Two shareroom houses bring the stated number of managements to 51; annual management income is $88,826 and gross income is $106,032, with historic gross income estimated for this carved-out portfolio. The vendor is reducing their agency workload for health reasons, and a deed of restraint is included.
Written by us from the broker's listing. Read the full listing on The Rent Roll Broker's site.
Key facts
Portfolio
Property type
Residential
Properties
43
Property mix
43 residential
Average weekly rent
$539
Location
Adelaide – South, SA
Suburbs mentioned
Woodside
Income
Annual management income
$88,826
Other fee income
$17,206
Total income
$106,032
AAMI (per property)
$1,742
Average management fee
6.29%
Price
Price type
Fixed price
Price
$420,200
Multiple
4.73× (calculated: price ÷ management income)
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Not disclosed
Office
Not disclosed
Software
Not disclosed
Reason for sale
Scaling back the agency due to personal health reasons while retaining rural managements.
Listed
6 Nov 2025
Sold
Already sold when we first saw it
Broker reference
RRB2522
Price and status history
First seen as sold15 Oct 2026
Information summarised from The Rent Roll Broker's listing (ref RRB2522). Last checked today. Always confirm details with the broker.