Loading property...
Enjoy secure passive income in a well-located, amenity-rich neighborhood — a multi-unit property with six flats and a two-bedroom house, on-site manager, eight bedrooms and 2.5 baths.
Investment Opportunity – Multi-Unit Property
This excellent income-generating investment property offers multiple rental units on one property, making it ideal for investors looking for strong rental returns.
The property consists of:
4 bachelor flats – each with a separate bedroom and kitchen area
2 additional flats
1 two-bedroom house with its own kitchen and bathroom
The property is currently generating approximately R10 000 per month in rental income, offering immediate returns for the new owner.
The property already has someone currently overseeing and taking care of it, making management easier for the new owner.
Offers are welcome.
This setup provides multiple rental income streams, making it a great opportunity for investors looking to grow their property portfolio.
As a real estate professional, I can also assist the new owner with rental management and tenant placement if required.
Listed for sale at R580,000
Price reduced by 12.1% to R510,000
How this home compares with 81 active listings in Cape Town.
Insight
Priced 96% below the local median — and below the typical range for Cape Town.
It's priced below similar homes despite a comparable floor size, which may reflect condition, position or finishes. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Market depth
81 listings
Similar homes town-wide
145 days
Median time on market
Many similar homes
Active across Cape Town
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Philippi is a centrally located, industrious suburb in Cape Town that offers affordable residential opportunities and serves as a vital agricultural and logistics hub for the Western Cape.
* Distances and amenities are approximate.
