House for sale • 593 m² without real estateDüsseldorf Eller Nordrhein-Westfalen 40229

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For sale is a Gründerzeit residential and commercial building from 1908, located in a quiet side street of Düsseldorf-Eller. This corner building, which has extensions on one side only, comprises eight apartments and one commercial unit on the ground floor, with a total rental area of approximately 593 m². Each unit comes with its own storage cellar.

Particularly interesting for investors: Four of the nine units, totaling approximately 315 m² or 53% of the overall area, are available for new leasing. Three of the apartments have already been completely renovated and fitted with new fitted kitchens. In addition, there is a free commercial unit on the ground floor. This allows the buyer to have significant input in selecting a large part of the future tenants – a rarity with leased existing properties.

With full occupancy (without additional investment), the annual net cold rent increases from the current €35,928 to a calculated €84,072. This corresponds to a purchase price factor of 17.8 and a gross yield of 5.61%. For the high-quality renovated empty apartments with fitted kitchens, only €12.00 to €13.50/m² has been calculated; the target rents thereby fall within the locally usual range for Düsseldorf-Eller.

The facade and staircase have been refurbished, and the gas central heating system dates from 2017. An appraisal concerning the remaining useful life of the building – over 15 years – is available, which can enable a correspondingly increased depreciation. The declaration of finality is also available, so that in addition to holding the asset, individual sale of the apartments remains possible. There is nothing registered in the building encumbrances register of the state capital Düsseldorf (information as of 10.08.2026).

The sale is made directly by the owner. No commission is charged to the buyer.

The property is located in a quiet side street in Düsseldorf-Eller / Alt-Eller. The district is a mature residential quarter with good infrastructure and short distances. The Alt Eller stop with S-Bahn, U-Bahn, and bus is only about 300 meters away or a four-minute walk. Shops, drugstores, doctors, and eateries are in the immediate vicinity. The Eller Schlosspark offers additional local recreational opportunities.

The surrounding area is also developing further: A new quarter with 259 apartments in 18 buildings is being constructed at Festenbergstraße/Jägerstraße. Completion is scheduled for mid-2028.

• Three apartments fully renovated, each with a new fitted kitchen, laminate flooring, and a level shower

• Facade freshly painted; the clinker and stucco pattern has been refurbished

• Staircase newly painted, with new vinyl flooring, while the historic mosaic floor in the entrance area has been preserved

• Partially new uPVC windows with triple glazing

• Gas central heating, built in 2017

• Storage cellar for each unit

• Commercial unit with two shopfronts, a separate entrance, two restroom facilities with antechambers, and an adjoining back room

• Quiet, landscaped inner courtyard with mature trees

• Direct sale without commission