House for sale • 395 m² without real estateWaffenstraße 23 Landau in der Pfalz Landau in der Pfalz Rheinland-Pfalz 76829

For sale is a listed historic townhouse (built in 1879, sandstone façade, vaulted cellar) on the traffic-calmed Waffenstraße in Landau. Planning permission has been granted for conversion and change of use into an apartment building with five residential units (BAN0019/2023 dated 22 July 2026, Building Class 4, including listed-building consent). The buyer can proceed directly with the construction work.

**Structural condition:** The building has no structural defects. Its structural stability is assured, with no indications of structural damage, infestation, or moisture damage. The masonry, ceilings, and historic roof structure are in good condition, and the vaulted cellar is dry.

**Approved unit schedule** (living-space calculation dated 11 August 2026, total approx. 395 m²):

– W01, ground floor: 2 rooms, bathroom, utility room, guest WC – 65.80 m²

– W02, ground floor: loft apartment, accessible in accordance with DIN 18040-2 – 62.88 m²

– W03, first floor: 4 rooms, bathroom, guest WC, utility room, storage room – 132.21 m²

– W04, attic floor: 3 rooms, bathroom – 59.95 m²

– W05, attic floor with loft space: loft apartment with gallery and bathroom – 73.82 m²

**Current stage of completion:** The first-floor apartment was occupied until recently and requires new finishes and a new bathroom, but no structural work. The ground and attic floors have been stripped back and are ready for immediate fit-out. Preparatory electrical work has already been completed. A district-heating connection is located in the cellar, with supply available from the end of 2026.

**Documentation:** The fire-safety verification has been reviewed and approved (inspection report dated 28 March 2026). A fire-safety concept, an energy concept including evidence of compliance with the German Buildings Energy Act (GEG), complete architectural plans, as-built drawings, and a current living-space calculation are available and will be provided as a package to serious prospective buyers.

**Listed-building status:** The building, constructed in 1879 and featuring high ceilings and a prestigious sandstone façade, is individually listed as a historic monument. Renovation costs may qualify for accelerated depreciation under Section 7i of the German Income Tax Act (EStG): 9% annually for the first eight years, followed by 7% annually for four years, subject to certification by the historic monuments authority.

**Investor figures:** Based on the seller’s own cost calculation, implementation costs are approximately €570,000 (€1,435/m², including a 10% construction-cost contingency and owner-managed construction supervision), or approximately €630,000 if an architect is engaged for detailed design and construction supervision. The total investment, including incidental acquisition costs, is approximately €1.0–1.05 million, equivalent to around €2,500–2,700/m² of fully renovated residential space in the historic town centre.

Potential net rental income after completion is approximately €61,500 per year (€14/m² for the four newly fitted-out apartments of 60–74 m², totalling approximately 262 m²; €11/m² for the 132 m² first-floor apartment). This represents a gross rental yield of approximately 6% on the total investment, plus potential tax benefits from listed-building depreciation under Section 7i EStG of up to approximately €25,000 per year during the first eight years and approximately €20,000 per year during the following four years, based on a 45% tax rate and certified renovation costs of approximately €630,000.

Alternatively, the property may be divided into condominium units under the German Condominium Act (WEG), with the five apartments sold individually. The declaration of division, including two supplements, is already available. An investor information sheet containing the cost breakdown, floor areas, and return calculations is available for download as a PDF.

The purchase price is €399,000, equivalent to approximately €1,000/m² of approved residential space. We aim to have the sale notarised by the end of the year; handover is by agreement. All information is provided to the best of our knowledge but without warranty; the documents in the sales package shall prevail.

Waffenstraße is located in the heart of Landau’s historic town centre and is a traffic-calmed bicycle street. The pedestrian zone, Town Hall Square, weekly market, restaurants, and shops are all within a few minutes’ walk. The main railway station, offering connections to Karlsruhe, Neustadt, and Mannheim, is also within walking distance. Landau is a university town with stable housing demand, and small to medium-sized apartments in the town centre are particularly sought after.

Plot size: 203 m², Landau cadastral district, parcel 96.

**Current stage of completion:** The ground floor has been stripped back; the first floor has been fitted out as an apartment with parquet and wooden floorboards; the attic floor is in shell condition, with the historic roof structure exposed; vaulted cellar. A district-heating connection is already located in the cellar, and district-heating supply will be available from the end of 2026. All permits, the approved fire-safety verification, and the architectural plans are in place. One apartment on the ground floor is designed to be accessible in accordance with DIN 18040-2. A declaration of division with two supplements is available, and division into condominium units under the WEG has been prepared. Preparatory electrical work has already been completed.

Commission-free sale directly by the owner. A complete documentation package—including the land register extract, declaration of division, planning permission, fire-safety documents, plans, living-space calculation, and GEG compliance documents—will be provided following initial contact. Viewings by appointment.

Estate agents with specific prospective buyers are welcome.