House for sale • 399 m² without real estateMarienstr 30 Wuppertal Elberfeld Nordrhein-Westfalen 42105

Solid multi-family house in the sought-after location of Wuppertal-Elberfeld (Ölberg) with 10 units and stable tenancy.

The current annual net cold rent is approximately €45,000. The compact one- and two-room apartments are very marketable in this location.

Sale directly from the owner and commission-free.

The multi-family house was built in 1910 and has been continuously modernized over the years. The apartments primarily consist of compact one- and two-room units that rent very well in this area. The demand for smaller apartments in the vicinity of the Ölberg is consistently high, so new rentals generally occur quickly. The current annual net cold rent amounts to €45,174.

The building has generated stable rental income for many years and is particularly suitable for private investors seeking a functioning, existing property with ongoing cash flow.

MODERNIZATIONS

The property has been continuously maintained and modernized over many years. It is a well-kept historic building from 1910 without heritage protection, meaning it is an established existing property rather than a new build.

Key measures:

• Complete renovation of important building components (plumbing, electrical systems, windows, bathrooms) around 1999

• Dormers renewed (2014)

• Hallway modernized (2016)

• Ongoing renovations of individual apartments since 2015

• Several bathroom modernizations in 2025 with additional ones planned after tenant changes

• Attic currently insulated

The two commercial units have their own gas heating systems. In the apartments, predominantly electric heating is used.

RENTAL

The units are rented on a long-term basis. According to experience, the average turnover is at most one apartment per year. This regularly creates opportunities to adjust the new rental rates to the current market level.

In addition to basement storage, there are extra storage rooms available in the intermediate floors as well as in the attic.

INVESTOR CONCLUSION

This is an established property in a good inner-city location. The building has been operating economically reliably for many years and generates stable rental income. Investments are mostly required only upon tenant changes. For capital investors, the property offers a solid combination of ongoing yield, high marketability, and long-term stable demand.

The property is located on the Ölberg in Wuppertal-Elberfeld, one of the city’s most popular inner-city residential areas.

The Ölberg is characterized by a vibrant mix of gastronomy, retail, and cultural offerings. At the same time, there is excellent access to the Elberfeld city center.

Due to its central location and predominantly smaller apartments, there is consistently high demand from students, singles, and young professionals.

KEY DATA

Year of construction: 1910

Residential units: 8

Commercial units: 2

Rental area: approx. 399 m²

Plot size: approx. 199 m²

Annual net cold rent: approx. €45,174

Purchase price: €632,000

Sale directly from the owner, commission-free.