8/56 May Street Hamilton East, Hamilton City

Already Earning, Already Tenanted

Forget the guesswork. This isn't a "potential" investment, it's a proven one. This 90m² co-living property in the heart of Hamilton East is currently returning $670 per week with great tenants already in place and professionally managed, meaning a new owner can settle and start collecting rent from day one. No lease-up period, no vacancy risk, no scrambling to find tenants, just yield, from the first week of ownership.

Built for the Numbers to Work

With a rare 1-to-1 bedroom-to-bathroom ratio across three double bedrooms, this property was designed from the ground up to maximise return per square metre. Every bedroom operates as its own micro-suite, private ensuite, mini-fridge, and microwave included, cutting the friction that usually comes with shared living and keeping tenants happy, independent, and staying long-term.

Room to Push the Yield Even Further

$670 per week is what this property is earning right now under standard long-term rental. But investors chasing a higher return have options. A comparable co-living property nearby, with the same three-ensuite layout, is understood to be achieving closer to $900 per week, reportedly by leaning into short-stay platforms like Airbnb for one or more of the rooms. For the right investor, that's a clear pathway to push this property's yield well beyond its current strong performance, without changing a thing about the layout or location that makes it work.

Key Features

Currently tenanted at $670/week with professionally managed, great tenants who can stay on
3 double bedrooms, each with private ensuite, mini-fridge, and microwave
90m² of low-maintenance, purpose-built co-living design
2-car carport, secure, covered off-street parking
Walking distance to the University of Waikato, Grey Street cafes, Hamilton Gardens, and the CBD

A True Hands-Off Investment

This is the rare listing where you're not buying potential, you're buying performance. Settle, and the rent simply starts rolling into your account instead of the current owner's, with room to grow it further if you choose.

Contact Jaco Fourie on 021 0272 5667 to secure the property files, rental appraisal, or to book your private viewing.

This property is to be sold by way of Deadline Sale and closes at 3:00 pm on Tuesday 18th August 2026 (unless sold prior). Offers to be delivered to Ray White Hamilton, 18 London Street, Hamilton Central or emailed to hamiltoncity.nz@raywhite.com

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.