Investing in Quality: Vacant multi-family building with 3 separate units in Cologne.

Three units. Many possibilities. An address that offers more than just returns. Some properties are purchased because the numbers add up. Others, because they represent substance, perspective, and impact in a rare combination. ✨ And it is precisely here that the special quality of this property begins. Located at Penningsfelder Weg 89 in 51069 Cologne, this multi-family building with three units presents an exceptional opportunity for investors, strategic buyers, and individuals who recognize potential in real estate beyond just square footage. Situated on a generous plot of approximately 673 m², the total living area is approximately 306.50 m², distributed across three separate units, as well as additional hobby and utility spaces, cellar rooms, a garage, an outdoor parking space, and a garden. This is a property that is not conceived in a one-dimensional way, but is versatile, well-structured, and future-oriented. Built in 1962, the property was partially modernized in 2026 and now combines the solidity of an established property with the comfort and appeal of a contemporary redesign. ✨ Particularly interesting: The attic apartment can be further developed, offering additional potential for appreciation. ✨ Here's a breakdown of the layout:

✤ Unit 01 – Ground Floor – Ready to move in
3 rooms | approximately 97.48 m² | 280/1,000 share of ownership
Includes living area, kitchen/dining area, bedroom, children's room, bathroom, hallway, terrace, and storage room.

✤ Unit 02 – Upper Floor – Ready to move in
3 rooms | approximately 97.32 m² | 280/1,000 share of ownership
Includes living area, kitchen/dining area, bedroom, children's room, bathroom, hallway, balcony, and storage room.

✤ Unit 03 – Attic / Maisonette – Under development
4 rooms | approximately 111.70 m² | 300/1,000 share of ownership
Includes living area, kitchen/dining area, bedroom, children's room, computer room/study, 2 bathrooms, separate toilet, hallway, balcony, and storage room.

✨ The offering is further enhanced by:
✤ Hobby room No. 4 – 50/1,000
✤ Hobby room No. 5 – 50/1,000
✤ Garage No. 6 – 40/1,000
✤ NO COMMISSION

✨ The notarized division according to § 8 WEG (Condominium Act) was already registered on November 24, 2025. This not only offers an attractive perspective for existing owners but also provides an interesting basis for buyers who want to invest in a structured, flexible, and forward-thinking manner. ✨ Another particularly valuable aspect:
The purchase price already includes the installation of a heat pump for heating, which can be implemented within a short timeframe. A corresponding clause can be included in the purchase agreement. In the current market environment, this is far more than just a technical detail; it's a real advantage for the future. Currently, there is an oil heating system from 2003. The planned conversion to a heat pump creates a compelling bridge between the existing system and a modern, sustainable energy solution. This building is not just a multi-family home; it's a property with substance, offering potential for development. ✨ A property that is convincing both as an investment and as a strategically sound acquisition with long-term added value. Those who are simply looking for any investment property will find many options. However, those who want to acquire a home with substance, a clear layout, a modern outlook, and a noticeable level of market appeal should take a closer look here. Intrigued? Then we look forward to hearing from you.

Location - where Cologne feels more pleasant.

Located at Penningsfelder Weg 89, 51069 Cologne, this property is situated in the desirable district of Dellbrück, within the Mülheim district, specifically in the areas of Strunden and Mielenforster Heide. The location offers a remarkably pleasant combination of tranquility, greenery, and convenient access to the city.

It is precisely this combination that makes the location so attractive: a well-established, natural environment that noticeably enhances the quality of life, without compromising on accessibility. Public transportation links are readily available; in addition, Dellbrück has an S-Bahn (suburban railway) connection to line S11.

Dellbrück is one of the Cologne residential areas that doesn't need to be loud to be appealing. The green surroundings, the established infrastructure, and the pleasant living environment create ideal conditions for sustainable rental income and stable property value. This address appeals not only to investors but also to buyers who appreciate location quality.

A location that achieves a rare balance – close to the city, well-connected, and yet delightfully quiet and green.