House for sale • 400 m² without real estateSteinstr. 20 Gera Gera Thüringen 07546

For sale is a multi-family house with high returns that carries the charm of an Art Nouveau jewel – centrally located in a well-to-do residential area of Gera. This well-maintained property, built in 1910, features solid masonry construction and impresses with its historical character as well as its stable tenant structure.

The building currently consists of four fully rented residential units – three 4-room apartments and one 3-room apartment. A long-term tenant has lived in the house since 1970, which speaks to its well-kept condition and pleasant living environment. The current net cold rent amounts to €2,421.76 per month, corresponding to an attractive yield of 7%.

A special advantage: the attic space offers potential for conversion into an additional, fifth residential unit. Additionally, the small rear courtyard area on the property has already been converted into full-fledged living space in similar buildings in the area – presenting a possible opportunity to expand the usable area.

Each apartment features a balcony.

The roof was recently refurbished and sealed – further measures to preserve the property’s value have been continuously carried out.

The location of the property is highly sought after by both tenants and investors: it is centrally located, just a few minutes from the market, with immediate access to schools, public transport, and local amenities.

This historic multi-family house combines a solid rental situation with long-term development potential – whether through expansion, rent adjustments, or targeted modernization.

The property is located at Steinstraße 20 in Gera, in a quiet, well-to-do residential area with ideal infrastructure.

The son of a long-term tenant attends the school directly across the street – probably the shortest route to school in all of Gera and a symbol of the family-friendly neighborhood.

Gera’s inner city, with its market square, shopping opportunities, cafés, and public transport connections, is reachable on foot in just about 10 minutes. The surrounding area is also characterized by well-preserved old buildings and an established residential environment – a stable and popular residential location.