House for sale • 245 m² without real estateLübeck Marli/Brandenbaum Schleswig-Holstein 23566

This attractive multi-family house, built in 1910, is set on an approximately 385 m² plot and features solid construction with a shed roof. It comprises five residential units with a total living area of about 244.3 m² and is fully rented. A parking space and a full basement complete the offering.

The apartment layout includes a freshly renovated 3-room apartment with garden access on the ground floor, as well as four well-proportioned 2-room apartments on the two upper floors. Additionally, the attic floor, with a floor area of about 91.7 m², offers attractive development potential.

In recent years, extensive modernizations have been carried out:

• 2025: Ground floor apartment completely renovated

• 2024: New gas central heating installed along with the renewal of the heating and water supply pipes

• 2024: Renovation of the front facade

• Since 2022: Predominantly new windows installed

A division declaration is available.

Currently, the annual net cold rents amount to approximately €42,420. Due to two existing legacy tenancies, there is further potential for rent increases upon new leasing.

Thus, the property offers investors a solid return with additional development potential through possible attic conversion and future rent adjustments. The property is located in the quiet Kottwitzstraße in the popular district of Marli – part of the green and well-connected St. Gertrud quarter. The street features a pleasant residential structure with an east-west orientation of the apartments, providing optimal natural light.

Recreation & Leisure

Just a few minutes on foot lies the scenic Drägerpark, nestled on a hillside with views of the Wakenitz and the old town. In summer, Naturbad Marli—with its beach, water slides, and lawns—offers a real added value for residents.

Infrastructure & Mobility

A supermarket is within walking distance, comfortably covering daily needs. The nearest bus stop is about 350 m away, and the city center can be reached in approximately 10 minutes by bicycle – ideal for commuters and urban enthusiasts.

Additional Property Details:

• Roof with roofing felt replaced about 15 years ago; additional rafter insulation (approx. 10 cm)

• Front stucco facade renovated in 2024

• Rear facade maintained, with potential for repainting, external thermal insulation (ETICS) or balcony extension

• New gas central heating including heating and supply pipes (2024); the sub-distributions in the four 2-room apartments are partly from older installations

• Windows predominantly modernized (since 2022)

• Solid energy efficiency, with no urgent need for improvements

• Outdoor areas in well-maintained condition; bicycle parking available

• Staircase partially refinished with new flooring and fresh paint

• Full basement in well-maintained condition

Apartments:

• Ground floor apartment completely renovated in 2025 (electrical systems, plumbing, floors, ceilings, bathroom, kitchen); features a large garden with a parking space

• Four 2-room apartments: well-maintained, partly with new floors, including two with new fitted kitchens

Additional Benefits & Potential:

• Attic development potential (approx. 91.7 m² floor area)

• Division declaration available – conversion into condominiums is possible.