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12/12a Macken Street, South City Centre, Dublin 2D02ND80

€750,000

4 Bed~2 Bath~127 m²~BER C2

What you'll like:

  • Prime Dublin 2 Location: The property sits within easy walking distance of major corporate hubs and educational institutions like Trinity College, commanding exceptionally high rental demand year-round.
  • Dual Income Asset: Comprising two separate self-contained apartments under one roof, this layout allows investors to maximize yields or owner-occupiers to subsidize living costs.
  • Turn-Key Condition: Both units are presented in excellent decorative order with integrated appliances and stylish finishes, minimizing any immediate need for costly capital expenditure before occupancy.
  • Independent Access Points: Each of the two apartments benefits from its own private front door entrance, ensuring complete privacy and convenience for separate sets of occupants.
  • Outdoor Amenity Space: The ground-floor apartment includes a private walled west-facing courtyard, offering a highly desirable outdoor retreat for city-centre residents seeking evening sunlight.
  • Generous Floor Area: Spanning approximately 127 square metres across the entire building, the generous footprint provides well-proportioned rooms and comfortable living standards for all tenants.
  • Robust Rental Market: Situated near Grand Canal Dock and major tech employers, the location guarantees strong interest from affluent corporate tenants looking for high-quality rental accommodation.
  • Freehold Title Ownership: The property is offered with a freehold title rather than leasehold, eliminating complex ground rent liabilities and long-term lease extension management concerns.
  • Gas Fired Heating: Both units feature individual gas-fired central heating systems, providing reliable and controllable thermal comfort that is traditionally preferred by local residential tenants.
  • Double Glazed Windows: Fitted with double-glazed windows throughout, the building benefits from enhanced thermal insulation and improved noise reduction against bustling city traffic.
  • Flexible Future Options: The configuration easily accommodates mixed-use possibilities, extended family living arrangements, or reversion into a single large residence should zoning and lifestyle needs shift.
  • Strong Historical Pricing Stability: The asking price has remained stable at €750,000 without erratic adjustments, suggesting a realistic vendor pricing strategy and disciplined market positioning.
  • Excellent Public Transport: Proximity to DART, Luas, and numerous bus routes ensures seamless commuting across Dublin without reliance on private vehicle transportation.
  • Walkable Urban Lifestyle: Residents enjoy immediate access to cafes, restaurants, parks, and cultural venues like St Stephen’s Green, creating an attractive proposition for urban professionals.
  • Modern Kitchen Facilities: Both units feature fully equipped kitchens complete with integrated appliances, reducing the friction and expense of sourcing white goods upon purchase.
  • Natural Light Integration: Bathrooms and living spaces benefit from windows providing direct natural light and ventilation, avoiding the dark and confined feel common in older city conversions.
  • Compact Maintenance Profile: The brick exterior and modern interior fittings require minimal ongoing exterior maintenance compared to sprawling suburban houses with large gardens.
  • Strong Resale Liquidity: Multi-unit blocks in central Dublin historically retain exceptional liquidity due to scarcity and high appeal among both private and institutional buyers.
  • Efficient Unit Layouts: Each apartment efficiently utilizes its square footage, offering two proper bedrooms and practical living zones without wasted hallway space.
  • Established Neighborhood: Macken Street is part of an established urban regeneration zone, benefiting from ongoing local infrastructural enhancements and long-term capital appreciation potential.

But keep in mind:

  • C2 Energy Rating: The C2 BER rating indicates that energy efficiency is average, and buyers should investigate potential upgrade costs required to meet modern sustainability standards.
  • Potential Rent Pressure Zone Caps: As a multi-unit residential property in a designated urban area, buyers must carefully verify how Rent Pressure Zone regulations restrict future rental income growth.
  • High Capital Entry Point: At €750,000, the asking price represents a significant financial commitment requiring thorough due diligence on realistic achievable gross rental yields.
  • Lack of Dedicated Parking: The property does not advertise off-street parking spaces, meaning future occupants must rely on limited street parking or local commercial car parks.
  • City Centre Noise Levels: Being situated on a busy thoroughfare in the South City Centre may expose occupants to elevated ambient traffic noise levels, particularly during peak commuting hours.
  • Potential Fire Safety Compliance: Converting or operating a multi-unit residential building requires strict adherence to fire safety regulations; buyers should verify local authority compliance documentation.
  • Party Wall and Structural Sharing: As a multi-unit terraced building, buyers must investigate potential party wall liabilities and acoustic insulation standards between the two floors.
  • Managing Two Tenancies: Operating a dual-unit investment involves managing separate lease agreements, tenant turnovers, and potential maintenance issues across two distinct households simultaneously.
  • Lack of Property Type Details: The listing omits specific structural details regarding the building's original construction era, necessitating a thorough pre-purchase structural engineering survey.
  • Potential Zoning Restrictions: Buyers intending to alter the use class or configuration must verify local development plan guidelines and obtain necessary planning permissions.
  • High Stamp Duty Implications: Purchasing a residential investment property at this price level incurs substantial acquisition costs, including stamp duty and legal fees that impact net returns.
  • Management Structure Clarity: It should be verified whether the two units are held under a single title or if formal legal splitting has occurred, which affects financing availability.
  • Potential Refurbishment Hidden Costs: While presented in turn-key condition, hidden defects behind finishes in older urban buildings can create unexpected remediation expenses during ownership.
  • Insurance Premium Variations: Multi-unit or investment properties often attract higher commercial or landlord insurance premiums compared to standard single-family owner-occupier homes.
  • Limited Green Open Space: Aside from the small ground-floor courtyard, the immediate vicinity offers limited private green space, which might deter tenants with pets or families.
  • Potential Development Disruptions: The bustling docklands area frequently undergoes urban regeneration and construction, which could introduce localized noise and traffic congestion for residents.
  • Financing Complexities for Dual Units: Securing a standard residential mortgage for a multi-unit investment property can sometimes involve stricter lender criteria and lower loan-to-value ratios.
  • Utility Meter Separation: Buyers must verify whether gas, electricity, and water supplies are entirely separated into distinct meters for each unit to avoid billing disputes.
  • Waste Management Logistics: City-centre terraced properties often lack dedicated indoor bin storage, requiring careful management of waste collection schedules on urban streets.
  • Future Tax Regulatory Risks: Changes in national housing policies, tax treatments for rental income, and tenant rights legislation require careful ongoing monitoring by investors.

Price positioning

?
This comparison depends on limited public and listing evidence, which may be incomplete, outdated or not directly comparable. The score is not a percentage, professional valuation or guaranteed estimate. Ask an independent qualified valuer before relying on a property value.
The asking price looks mildly undervalued compared with the available evidence.
  • The asking price of €750,000 appears relatively fair to slightly undervalued given that the property actually comprises two separate two-bedroom residential units in a prime Dublin 2 location near Grand Canal Dock.
  • Valuation signals are heavily supported by the rare configuration of dual independent units offering robust income potential, combined with strong recent multi-unit and central apartment transactions nearby on the register.
  • Factors that could support this asking price include intense corporate rental demand and investor appetite, whereas potential downsides involve the C2 energy rating requiring future retrofitting investments.
  • Additionally, the stable asking history since initial listing suggests a confident vendor pricing strategy without early panic reductions, reflecting steady expected interest from professional investors.

Build Analysis

What we know from similar construction types

  • The property comprises two self-contained residential units (ground floor and upper floor) within a single building footprint, each featuring separate front door entrances.
  • Heating is provided by gas-fired central heating systems and windows are double-glazed.
  • A buyer should investigate the formal planning status and building regulations compliance for the conversion or subdivision into two separate independent units.
  • It is recommended to verify the freehold title structure and how utility meters, fire safety measures, and sound insulation are managed between the two self-contained apartments.

Heating cost*

Estimated expense to heat this property every year

  • Estimated annual heating cost: €1,400 to €1,800
  • Explanation: With a floor area of 127 square meters and a C2 BER rating, energy efficiency is moderate. Heating two separate self-contained units with gas-fired central heating will depend on occupancy levels and individual thermostat usage, but standard estimates for this size and energy rating fall within this range.

Pollution Safe

9/10

Environmental situation to investigate

  • The property is situated in a fully urbanized city-centre environment with no apparent proximity to active heavy industrial sites, modern landfills, or waste incinerators.
  • As with many central metropolitan locations, historical urban land uses should be kept in mind, though no specific legacy pollution concerns are established for this immediate site.

Flood Safe

8/10

Water overflow reports to follow up

  • The general South City Centre and Docklands area includes zones within proximity to the River Liffey and Grand Canal, meaning certain surrounding streets can occasionally be vulnerable to extreme tidal or fluvial events.
  • Buyers should consult local authority flood maps and carry out standard environmental due diligence to verify the specific flood risk profile of the immediate plot.

Recent Local Sales

Verified residential transactions published in the previous five years

Sales on the same street or estateExtra effort was used to find nearby sales here

  • 2 HOGAN AVE, MACKEN ST, DUBLIN 2

    Sale date
    Declared sale price
    €415,000.00
  • 13 CARLINGFORD PARADE, MACKEN ST, DUBLIN 2

    Sale date
    Declared sale price
    €577,000.00
  • 10 CLARENCE PLACE GREAT, MACKEN ST, DUBLIN

    Sale date
    Declared sale price
    €610,000.00

Recent sales in the wider South City Centre area

  • 11 DRURY HALL, LOWER STEPHEN ST, DUBLIN 2

    Sale date
    Declared sale price
    €381,000.00
  • APT 25, COLLEGE GATE, TOWNSEND ST DUBLIN 2

    Sale date
    Declared sale price
    €365,000.00
  • 7 STEPHENS LANE, MOUNT ST UPPER, DUBLIN 2

    Sale date
    Declared sale price
    €875,000.00
  • 41 COLLEGE GATE, TOWNSEND STREET, DUBLIN 2

    Sale date
    Declared sale price
    €345,000.00
  • APT 67 - COLLEGE GATE, TOWNSEND STREET, DUBLIN 2

    Sale date
    Declared sale price
    €340,000.00

Source: Property Services Regulatory Authority (PSRA), Residential Property Price Register (PPR). Matching uses address information published by the PPR rather than measured map distance. It may omit nearby properties on differently named streets.

Last Sale

A confidently matched previous PPR transaction for this property

No confidently matched previous sale was found in the Property Price Register.

Buyer fees*

Associated expenses guide

  • Estimated stamp duty: €7,500 — 1% of €750,000.
    ?
    Based on the asking price shown on this page, using standard residential stamp-duty rates. No adjustments are made for VAT, reliefs, mixed-use property or additional land. The final purchase price and your circumstances may change the amount payable.
  • Solicitor legal fees: €1,500 to €3,500 plus outlay and VAT
  • Land registration fees: €400 to €800 depending on property value
  • Property valuation fees: €150 to €300
  • Surveyor fees: €500 to €1,200 depending on the depth of survey
  • Annual home insurance: €400 to €800 based on standard coverage for a property of this size

Forum Talk

What people are saying about this area

  • Residents in the Grand Canal Dock and South Docklands areas frequently discuss ongoing commercial developments and the balancing of tech-hub growth with local residential amenities.
  • Local forums note high demand for central rental properties due to the heavy concentration of major multinational employers within walking distance.
  • Transport discussions regularly highlight the convenience of nearby DART, Luas, and bus networks, though peak-hour congestion on surrounding arterial routes is a common topic.
  • Community groups often share updates on local infrastructure enhancements, pedestrian pathways, and public realm improvements across the Dublin 2 district.

LifeFit Assessment

How well this property may suit your lifestyle

Family

7 areas
  • Young Children

    The property offers a central location with multiple bedrooms, but the lack of extensive indoor play areas and a small courtyard instead of a traditional back garden makes it moderately suited for young families.

    5/10
  • Teenagers

    Being right in the city centre close to amenities and transport gives teenagers plenty of independence, though space is still relatively compact across the two units.

    6/10
  • Multi-generational Living

    The configuration of two distinct self-contained two-bedroom units with separate front doors makes this uniquely suited for extended family living or independent relatives sharing a plot.

    8/10
  • Single Buyers

    A single buyer can live in one unit and rent out the other to generate supplementary income, though the purchase price of €750,000 is substantial.

    8/10
  • Couples

    Offers great flexibility for couples wanting a city home with built-in rental potential or extra space for guests and home offices.

    7/10
  • Empty Nesters

    Low-maintenance urban living with single-level options on the ground floor, though steps are present in the upper unit.

    7/10
  • Retirees

    Convenient access to city amenities and healthcare facilities, but city-centre traffic and the multi-unit layout may not suit all retirees.

    6/10

Work

3 areas
  • Remote Working

    Multiple rooms across the two units allow for flexible home-office setups, though buyers should verify broadband speeds.

    8/10
  • Hybrid Commuting

    Exceptional transport connectivity including DART, Luas, and various bus routes makes commuting anywhere in the city or beyond effortless.

    10/10
  • Retired

    Ideal for retirees who want to manage a rental property or house family members nearby, though city-centre living involves a fast pace.

    6/10

Practical

8 areas
  • Ageing in Place

    The ground-floor apartment offers accessible single-level living, but the upper unit requires stair access.

    6/10
  • Low Maintenance

    Modern self-contained apartments with double-glazed windows and gas-fired central heating require minimal upkeep compared to larger period houses.

    8/10
  • Secure Gated Entry

    Features separate front door entrances directly from the street rather than a secure gated compound.

    4/10
  • Minimalist Design

    Clean layouts, modern kitchens, and timber floors lend themselves well to a streamlined minimalist interior aesthetic.

    7/10
  • Flexible Floor Plans

    The division into two separate two-bedroom units provides supreme flexibility to live in one and rent the other, or combine investment strategies.

    10/10
  • Heritage Home

    Presents as a contemporary turn-key residential investment rather than a traditional historic period home.

    3/10
  • Ecological Setup

    Equipped with gas-fired central heating and double glazing, achieving a C2 BER rating, but lacks advanced renewable energy integrations like solar panels.

    5/10
  • Outdoor areas

    Includes a private west-facing ground-floor courtyard, but lacks a substantial private lawn or garden.

    4/10

Interests

9 areas
  • Gardening

    Outdoor space is restricted to a walled west-facing courtyard and a small patio, limiting serious gardening activities.

    3/10
  • Walking

    Unbeatable walkability to major Dublin landmarks, commercial hubs, parks, and recreational routes along the canal.

    9/10
  • Gym

    Numerous commercial fitness centres and boutique gyms are located within easy walking distance in the Dublin 2 and Docklands areas.

    8/10
  • Cycling

    Flat city terrain makes cycling a highly practical way to commute and explore, though secure bicycle storage within the property should be verified.

    8/10
  • Golf

    Requires travel outside the immediate city centre to access standard 18-hole golf courses.

    4/10
  • Fishing

    Proximity to the River Liffey and Grand Canal offers minor urban angling opportunities, but not dedicated sport fishing.

    3/10
  • Horse Riding

    Completely unsuited for horse riding due to the densely built inner-city location.

    1/10
  • Water Sports

    Proximity to Grand Canal Dock offers access to specific aquatic activities like kayaking and rowing, though open water sports are limited.

    5/10
  • Entertaining

    Open-plan kitchen and living areas plus a west-facing courtyard provide good spaces for hosting, augmented by nearby city bars and restaurants.

    7/10

Lifestyle

5 areas
  • Quiet Living

    Situated on Macken Street in Dublin 2, expect typical urban hustle, bustle, and traffic noise rather than a quiet retreat.

    3/10
  • Rural Living

    This is a dense urban environment in the heart of Dublin with virtually no rural characteristics.

    1/10
  • Village Living

    Proximity to Grand Canal Dock and local commercial spots offers a community village feel within a major capital city.

    6/10
  • Coastal Living

    While close to the canal and the river Liffey mouth, this is firmly an urban location rather than a coastal settlement.

    4/10
  • Urban Living

    Located right in Dublin 2 within walking distance of Trinity College, Merrion Square, and St Stephen's Green, it is the definition of prime urban living.

    10/10

Social

6 areas
  • Community Involvement

    Active local associations and neighbourhood groups exist in the Docklands and South City areas.

    6/10
  • Café Culture

    Surrounded by an abundance of top-tier cafés, restaurants, and eateries in Dublin 2 and Grand Canal Dock.

    10/10
  • Nightlife

    Vibrant nightlife options including pubs, clubs, and cultural venues are just a short walk away.

    9/10
  • Health/Wellness groups

    Easy access to pilates & stretching studios, yoga classes, and wellness centres throughout the city centre.

    8/10
  • Networking Opportunities

    Positioned right next to major tech and financial hubs, offering immense professional networking potential.

    10/10
  • Tech-Hub Connectivity

    Located moments from major global tech headquarters in the Silicon Docks area.

    10/10

Listing information

Agent
Owen Reilly
Phone
01 677 7100
Current status
active
Published on HouseDelve
27 October 2026
Correction
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Property reference: HD-8E42D8HouseDelve · Republic of Ireland

Report checks

Sources used: Public marketplace, Property Price Register, and grounded web research where available.

Automated quality checks: Passed

Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.