House for sale • 520 m² without real estateKonkordiastrasse 111 Düsseldorf Unterbilk Nordrhein-Westfalen 40219

The fully rented multi-family house with a total of ten units is located in one of the most desirable urban areas of Düsseldorf – the Lorettoviertel in Unterbilk, just a few minutes away from the Media Harbor and the Rhine promenade. The building, which was rebuilt in 1951, has been continuously maintained and features eight highly rentable residential apartments as well as two commercial units on the ground floor that are used on a long-term basis.

The property covers approximately 520 m² of rental area on a compact plot of about 150 m². The floor plans of the apartments – predominantly two-room units between 30 and 60 m² – appeal to a broad target group of tenants and ensure consistently high rentability. Access is provided via a well-maintained staircase as well as a passenger elevator modernized in 2010. The building is fully basemented and offers additional character with its historic vaulted cellar.

A significant advantage of the property is the existing expansion potential in the attic: Approval has already been obtained for a roughly 77 m², high-quality planned three-room attic apartment with a terrace; all planning documents remain available. Realizing this expansion would increase the rental area and further optimize the overall yield in the long term.

With a current annual net cold rent of approximately €93,600, the property, with a target factor of about 23, falls within an attractive range for city center locations with high demand and limited supply. Combined with the structural development potential – particularly through the attic expansion and possible selective rent adjustments – this creates a sustainable, value-stable investment profile that is especially interesting for long-term private equity holders and family offices.

The Lorettoviertel is regarded as one of Düsseldorf’s most dynamic urban quarters: individual boutiques, renowned gastronomy, excellent transport connections, proximity to the Media Harbor, and a distinctive urban quality of life define this micro-location. This residential and commercial environment appeals to financially strong and stable tenants, ensuring long-term yield security for the investment.

The property is located in the heart of Düsseldorf’s Lorettoviertel, one of the most sought-after and vibrant micro-locations in the state capital. Nestled in the Unterbilk district, the quarter is characterized by a rare combination of urban quality of life, historic building stock, a creative scene, and immediate proximity to central economic hubs such as the Media Harbor.

The Lorettostraße, within walking distance, forms the vibrant center of the quarter. Individual boutiques, high-quality gastronomy, trendy cafés, delicatessens, as well as bars and small ateliers define the streetscape and create an urban atmosphere that attracts both young professionals and established residents. The area has long been recognized as a hotspot for the creative and media industries: designers, agencies, start-ups, and media professionals have sustainably shaped the development of the quarter and ensure a stable, financially robust demand for both residential and commercial spaces.

The micro-location offers excellent local amenities: supermarkets, drugstores, bakeries, pharmacies, and numerous service providers are located in the immediate vicinity. Educational institutions, kindergartens, and the popular Florapark are also quickly accessible, increasingly attracting young families to the area.

The Media Harbor – one of the most striking architectural ensembles in Düsseldorf – is only a few minutes’ walk away. In addition to international gastronomy and nightlife options, it hosts a variety of companies in media, consulting, technology, and architecture. The Rhine waterfront promenade invites leisurely walks and sports activities, expanding the recreational offerings right at your doorstep.

The transport connections are excellent. Several tram and bus lines can be reached within a minute, the main train station in approximately 11 minutes, and Düsseldorf Airport in around 16 minutes. Access via the nearby highways A46, A52, and A57 enables quick routes throughout the entire Rhine-Ruhr metropolitan region.

Overall, the location represents a rare combination of urban lifestyle, economic strength, cultural diversity, and high quality of life. These factors make Unterbilk – and particularly the Lorettoviertel – one of the most stable and value-retaining residential and investment locations in Düsseldorf.

The residential and commercial building is in a well-maintained and solid overall condition. The property has been continuously modernized over the years and thereby meets the requirements of a long-term oriented investor. The massive structural construction, reinforced concrete slabs, and the classic wooden hip roof with clay tile covering provide a robust construction foundation for a sustainable asset.

The apartments are predominantly maintained to a contemporary standard. Several units have been modernized and feature functional floor plans, bright rooms, daylight bathrooms, and separate kitchens. The apartment sizes, ranging from approximately 30 to 60 m², ensure optimal rentability and appeal to a broad target group – from singles to young professionals. The commercial units on the ground floor impress with their approximately 4.25 m high ceilings, generous shopfront windows, and a long-standing stable tenant base.

A key feature in terms of equipment and comfort of the building is the passenger elevator from 2010, which ensures comfortable access to the upper floors. The building is fully basemented and features a classic vaulted cellar that offers additional storage space as well as technical areas.

The building technology is at a functional level: heating is provided by gas-fired individual heaters, which allows for a decentralized and easily manageable cost structure for both tenants and owners. The interior areas – particularly the staircase and common areas – are presented in a well-maintained and user-friendly condition.

A significant aspect of the building’s structural quality is the expansion potential in the attic: The already planned and approved realization of a three-room apartment with a terrace (approximately 77 m²) provides the medium-term opportunity to expand the rental area and increase its value. Additionally, there is a smaller unit in the attic, covering about 32 m², which is not approved as residential space but is officially financed by the Jobcenter and thus already generates income.

Overall, the property represents a well-maintained, modernization-friendly, and structurally solid asset, whose condition offers immediate yield security while simultaneously providing additional value potential through expansion and optimization opportunities.

The sale is conducted exclusively directly by the owner. We kindly, but explicitly, request that broker and intermediary inquiries be refrained from.