House for sale • 515 m² without real estateOldenfelder Straße 58 Hamburg Rahlstedt Hamburg 22143

Six rented apartments, approximately 515 m² of living space, and a plot of around 1,718 m²: This multi-family house in Hamburg-Oldenfelde combines ongoing rental income with a green residential environment. The sale is commission-free for the buyer.

The brick and render building comprises three residential levels with 3- and 4-room apartments ranging from about 68 m² to approximately 100 m². Balconies or loggias, spacious garden and outdoor areas, as well as rented garages and parking spaces for vehicles, complement the property.

The net cold rent, including vehicle parking rents as stated in the existing marketing documents, amounts to €4,261 per month or €51,132 per year. With a purchase price of €1,450,000, this corresponds to a factor of approximately 28.36 and a gross initial yield of about 3.53% before acquisition-related and operating costs. The purchase price per square meter of living space is around €2,815.

The stated average current rent level is around €7 per m². For future new rentals, additional perspectives may emerge—depending on the market, features, and legal situation.

Another development idea is provided by the described, non-rented loft area in the existing documents. On the other side of the building, there is already a maisonette solution including the attic. The additional area is not part of the indicated rental income; any potential use or integration must be examined separately.

We are happy to provide you with further property documents and arrange a viewing appointment.

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

The Rahlstedt center offers diverse local amenities with its pedestrian zone, Rahlstedt Center, specialty shops, services, and weekly market. Schools of various types, daycare centers, medical practices, and pharmacies are found in the district.

The bus stop on Bargteheider Straße is located in the immediate vicinity. Bus lines 24 and 275 provide connections to Rahlstedt station and further rapid transit links. From Rahlstedt regional station, Hamburg’s main station is reachable within a short travel time. The U1 stations Oldenfelde and Berne further supplement the public transport network.

With the Wandse river and Liliencronpark, as well as the nature reserve and recreational areas Höltigbaum and Stellmoorer tunnel valley, attractive green and leisure areas are available. The combination of local amenities, public transport connections, and a nature-close residential environment supports the sustainable rental attractiveness of the location.

Key property features:

- Six fully rented residential units

- Approximately 515 m² of rented living space

- Approximately 1,718 m² plot

- A total of 20 rooms

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

- Balconies or loggias

- Spacious garden and outdoor areas

- Basement areas

- Rented garages and parking spaces for vehicles

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

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

- Additional, currently non-rented loft area of approximately 15–20 m² with a shower and bathroom

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

Out of respect for the tenants’ privacy, no interior photos from 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. Based on the current annual net cold rent of €51,132, this results in a purchase price factor of about 28.36 and a gross initial yield of approximately 3.53%.

No broker’s commission is payable by the buyer. The usual acquisition-related costs, in particular property transfer tax as well as notary and court fees, remain unaffected.

The yield figures do not take into account acquisition-related costs, vacancies, maintenance, or non-recoverable operating expenses. Area and dimension information are approximate figures based on the available documents. This offer serves as a non-binding initial information. Legally binding are exclusively the agreements in the notarized purchase contract. Errors, changes, and prior sale remain reserved.

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

Imprint:

Immo-State,

Alstertor 15, 20095 Hamburg

Phone: +49 176 345 06 335

Email: contact@immo-state.com