House for sale • 490 m² without real estate, North Rhine-Westphalia

Attractive Multi-Family House with Commercial Unit and Development Potential in Siegen-Geisweid

This well-maintained multi-family house, built in 1907, is located in the central and highly sought-after residential area of Siegen-Geisweid. It offers capital investors an excellent opportunity to invest in a solid, high-yield, and future‐oriented property.

The building is in an overall well-kept condition.

Major modernizations were carried out in 2012, 2017, and 2020. In addition, ongoing maintenance measures are undertaken to ensure the property’s value is preserved.

The property comprises:

• 12 fully leased residential units

• A commercial unit with an adjacent storage room on the ground floor

• Approximately 490 m² of leasable area (of which around 430 m² is residential space and about 60 m² is commercial space)

Rental Income & Development Prospects

Current Yield Situation:

• Actual net rent: approximately €35,500 per year with nearly full occupancy

• Fully furnished apartments that can be re-let quickly, with a stable tenant structure

Optimization Potential:

• Owner’s apartment (approx. 160 m²):

- Renting out as one whole unit: an additional €14,000 per year

- Splitting into two units: increased price per square meter and expansion of the target group

→ Total potential yield (target net rent): up to €49,500 per year

Additional Options:

• Attic finishing: approximately 60 m² of additional leasable area

• Ground floor reserve area/storage: can be expanded into residential or commercial space

→ Further increase in rental income possible

Location & Setting – Urban, University, Future-Proof

The property is situated in the lively district of Siegen-Geisweid, with excellent infrastructure. Its proximity to the university, as well as medical and educational facilities, makes it particularly attractive for students, young professionals, and older residents.

Location Advantages at a Glance:

• Only around 2 km from the University of Siegen and about 5 km from the city center

• Siegen-Geisweid train station: approximately 950 m away, bus stop: a 3-minute walk

• Very good public transportation connections (city & university express buses, regional trains)

• A variety of local amenities: supermarket, pharmacy, doctors, bakery, banks, etc. within a 700 m radius

• Schools, kindergartens, and sports facilities within walking distance

• Direct access to the B 62/B 54, with quick connections to the A 45 and A 4 highways

• Green surroundings with parking areas and recreational facilities right at the property

Living with Comfort – Furnished and Tailored to the Target Group

The 12 residential units are efficiently laid out and are predominantly furnished as student apartments:

• Private kitchenette with pantry inventory

• Modern shower room

• Separate electricity meter for each unit

• LAN and telephone connection

Target groups include students, trainee lawyers, clinical staff, young professionals, or even older tenants seeking compact living space.

A communal utility room with coin-operated washing machines rounds off the offering.

Outdoor Area with Added Value

• Courtyard with seating area available for communal use

• Adjacent public green space managed by the city of Siegen – perfect for relaxation

Commercial + Storage = Added Value through Smart Mixed Use

The commercial unit on the ground floor, featuring a separate entrance, storage space, and its own WC, offers a range of possible uses:

• Ideal for self-employed individuals, freelancers, or small service providers

• Suitable for co-working, office, or studio purposes

• Conversion into additional residential space is also possible (subject to approval)

The combination of living and working under one roof increases the property’s value and offers flexible usage options.

Contact & Viewing

Are you interested in this property?

Contact us for further information, documentation, or to arrange a viewing appointment.

Seize this opportunity to invest in a property with long-term value appreciation potential in a growing university town.

Viewings are preferably arranged upon presentation of a current financing confirmation or proof of funds, to ensure the property is reserved for serious prospects.

General Information:

• Year built: 1907

• Number of floors: 3 full stories

• Total residential/usable area: approximately 490 m²

• Total number of rooms: 21

• Bedrooms: 19

• Bathrooms/WCs: 13

• Plot area: approximately 358 m²

• Basement: approximately 120 m² of usable space available

• Access points: 4 separate building entrances allow for a clear separation of individual usage units or groups of residents

This layout creates flexible usage possibilities – ideal for traditional rentals as well as alternative concepts such as multi-generational living, shared apartments, or mixed residential-commercial use.