House for sale • 378 m² without real estate, Rhineland-Palatinate

Attractive Multi-Family House with Five Residential Units, a Generous Plot, and Versatile Usage Possibilities

This spacious multi-family house spans three floors with a total living area of approximately 378 m², offering versatile usage options with its five residential units. The property is suitable both as a solid investment and for owner-occupiers – for example, as a spacious multi-generational house.

In total, there are four kitchens, six bathrooms, and roughly twenty additional versatile rooms available. The attractive array of spaces is complemented by a balcony and three terraces, which provide extra outdoor space and a high quality of living.

A generous garage featuring two separate driveways offers space for four vehicles. Additionally, around 120 m² of basement area is available, providing extensive extra storage and alternative usage possibilities.

Currently, four of the five residential units are temporarily rented. The fifth unit is presently used for commercial purposes. This situation creates interesting prospects for both investors and owner-occupiers.

The property is set on a plot of approximately 1,202 m², which completes the offering. The outdoor areas are partly used as garden space and partly as parking areas for vehicles.

The property combines modern residential comfort with a solid, functional construction, and—thanks to its size, layout, and plot area—offers a high degree of flexibility.

Yield and Development Potential

In 2025, the rental of four residential units generated an annual net cold rent of approximately €40,000.

With appropriate adjustments or improvements to the rental situation, increasing the annual net cold rent to around €60,000 appears possible. In this way, the property not only offers versatile usage options but also interesting additional income potential.

Conclusion: A spacious and versatile multi-family house with five units, extensive ancillary spaces, an attractive plot size, and further rental increase potential—interesting for both investors as well as owner-occupiers and multi-generational living concepts.

Location and Infrastructure

The property is located in Otterberg and impresses with its pleasant residential setting as well as its excellent connection to local infrastructure.

Facilities for daily needs are easily accessible, ensuring a comfortable everyday lifestyle. Thanks to its convenient transport links, the surrounding towns are also within easy reach. The established residential area is characterized by a predominantly quiet and well-established neighborhood, offering an appealing environment for a variety of living and lifestyle concepts.

Thus, the location provides favorable conditions for both owner-occupiers and investors, complementing the property's versatile usage possibilities.

Construction and Usage Possibilities

The property comprises a main house built in 1953 and an extension constructed in 2005. During the extension, the main house was comprehensively renovated, and the existing apartments were generously expanded with the additional space provided by the new addition.

All residential units come furnished, offering flexible usage options.

A particular advantage of the property is the flexible layout of the residential units. The two apartments on the ground floor can be merged into one spacious unit if desired. The same applies to the apartments on the second floor, allowing for the creation of a larger contiguous apartment. This flexibility makes the property especially attractive for various residential concepts, multi-generational living, or a combination of owner-occupancy and rental.

A standout feature is the spacious, partially covered terrace of the apartment on the first floor. Both the living room and the kitchen offer direct access to the terrace, allowing the indoor living area to flow seamlessly outdoors during the warmer months—perfect for relaxing, social gatherings, or enjoying meals al fresco.

The large, well-maintained, and largely secluded garden offers plenty of privacy and invites relaxation and rejuvenation. These generous outdoor spaces thus provide a valuable complement to the property's versatile living and usage possibilities.

Please note that the floor plans provided in this exposé may differ somewhat from the actual design and current usage of the spaces.

The staircase leading to the entrances was redesigned during the renovation works carried out in 2005.

The residential unit located in the northwestern part of the ground floor is currently used for commercial purposes as a nail and foot care studio.

The remaining residential units are temporarily rented to companies to accommodate their employees.