The recently updated three-bedroom, two-bathroom house has been let through Harris Partners Property Management Balmain for $1295 per week.
This is one of a pair of 1885 Victorian Italianate terraces.
The Birchgrove Road terrace was Fraser's childhood home.
Her parents, Kenneth and Rose, moved to the then working-class peninsula in the 1930s.
She attended Birchgrove Primary School with her siblings and later Leichardt Home Science School.
The nearby harbour swimming pool was, of course, named after her, as she was the winner of four gold and four silver medals at the Olympics.
In later years she worked as a licensee at the local Riverview Hotel in nearby Tooth Brewery and in the late 1980s she became an independent member of Balmain for one term.
The family lived in Noosa on Queensland's Sunshine Coast as Fraser suffered from severe asthma.
The terrace includes an open plan living/dining space leading to an eat-in kitchen and a paved outdoor patio.
The third level is the master bedroom with a balcony with water views.