House for sale • 515 m² without real estateHamburg Rahlstedt Hamburg 22143

Commission-Free Residential Investment: Approximately 515 m² of rental space at a purchase price of around €2,815 per m². With a current annual net cold rent of €51,132, the purchase price of €1,450,000 corresponds to a multiplier of approximately 28.36 and an initial gross yield of about 3.53%.

For sale is a fully rented multi-family house located in the green residential area of Hamburg-Oldenfelde. The traditional brick and rendered building comprises six apartments spread over three residential levels. The apartment mix consists of 3- and 4-room apartments ranging in size from approximately 68 m² to approximately 100 m².

The plot, which is approximately 1,718 m² in size, features garden and open spaces. Balconies or loggias, as well as rented garages and parking spaces, complement the residential inventory.

The total net cold rent including parking rents currently amounts to €4,261 per month or €51,132 per year. The property is fully rented; as of the verified reference date, there are no rent arrears. The average existing rent level is around €7 per m². For future re-letings – depending on market conditions, amenities, and legal considerations – additional potential may arise.

Another interesting development opportunity is offered by the currently vacant attic space. On the other side of the building, there is already a maisonette solution incorporating attic space. The additional area is not part of the ongoing rental income.

The property is located in Hamburg-Oldenfelde, a predominantly residential and green neighborhood in the Rahlstedt district of the Wandsbek borough.

The Rahlstedt center offers a diverse local supply with its pedestrian zone, Rahlstedt Center, specialty stores, services, and weekly market. Schools of various types, day-care centers, medical practices, and pharmacies can be found in the district.

The Bargteheider Straße bus stop is in the immediate vicinity. Bus lines 24 and 275 provide connections to Rahlstedt station and other rapid transit links. From Rahlstedt Regional Station, Hamburg Central Station is reachable in a short travel time. The U1 stations Oldenfelde and Berne further complement the public transportation network.

The Wandse River and Liliencron Park, as well as the nature reserve and recreation areas Höltigbaum and Stellmoorer Tunneltal, offer attractive green and leisure spaces. The combination of local supply, public transport connections, and a nature-close residential environment supports the long-term rental appeal of the location.

Key property features:

- Six fully rented residential units

- Approximately 515 m² of rented residential space

- Approximately 1,718 m² plot

- A total of 20 rooms

- 3- and 4-room apartments ranging from about 68 m² to about 100 m²

- Balconies or loggias

- Spacious garden and open areas

- Basement storage spaces

- Rented garages and parking spaces

- Natural gas condensing boiler with 60 kW, built in 2018

- Energy performance certificate (demand certificate), final energy demand of 214.6 kWh/(m²·a), efficiency class G

- Additional, currently unrented attic space of approximately 15–20 m² with a shower room

- Maisonette solution incorporating attic space already present on one side of the building

Out of consideration for the tenants’ privacy, no interior photos of rented apartments will be published.

The purchase price is €1,450,000. Based on approximately 515 m² of rental space, this corresponds to around €2,815 per m². Using the current annual net cold rent of €51,132, the purchase price multiplier is approximately 28.36, resulting in an initial gross yield of about 3.53%.

No brokerage fee is charged to the buyer. The usual ancillary acquisition costs – in particular, property transfer tax as well as notary and court fees – remain unaffected.

The yield figures do not take into account ancillary acquisition costs, vacancy, maintenance, or other non-recoverable operating expenses. Area and dimension figures are approximate based on the available current records. This offer is provided for preliminary, non-binding information only. Only the agreements contained in the notarized purchase contract are legally binding. Errors, changes, and prior sale remain reserved.

Further property documents and viewing appointments will be provided to qualified interested parties upon coordination. Viewings will be scheduled collectively with proper consideration for the tenants.

Imprint:

Immo-State,

Alstertor 15, 20095 Hamburg

Telephone: +49 176 345 06 335

Email: contact@immo-state.com