Hamburg-Oldenfelde: 6 apartments for rent on a 1,718 m² plot of land – no commission fees.

This multi-family building in Hamburg-Oldenfelde offers six rental apartments, approximately 515 square meters of living space, and a plot of land of approximately 1,718 square meters. It combines ongoing rental income with a green living environment. The property is being sold commission-free for the buyer. The brick and plaster building comprises three floors, with apartments ranging from 3 to 4 rooms, with sizes from approximately 68 square meters to approximately 100 square meters. Balconies or loggias, spacious gardens and outdoor areas, as well as rented garage and parking spaces complement the property. The net cold rent, including parking rents, as stated in the marketing documents, is €4,261 per month, or €51,132 per year. With a purchase price of €1,450,000, this represents a factor of approximately 28.36 and a gross initial yield of approximately 3.53%, before acquisition costs and management expenses. The purchase price per square meter of living space is approximately €2,815. The average existing rental level is approximately €7/m². Future re-rentals may offer additional opportunities, depending on market conditions, amenities, and legal regulations. Another development opportunity lies in the unused attic space, as described in the property documentation. On the other side of the building, there is already a duplex solution that incorporates the attic. This additional space is not included in the current rental income; its potential use or integration should be assessed separately. We would be happy to provide you with further property details and arrange a viewing appointment.

The property is located in Hamburg-Oldenfelde, a predominantly residential and green neighborhood within the Rahlstedt district in the Wandsbek borough.

The Rahlstedt town center offers a diverse range of local amenities, including a pedestrian zone, the Rahlstedt Center, specialty shops, services, and a weekly market. The district also has a variety of schools, daycare centers, doctor's offices, and pharmacies.

The Bargteheider Straße bus stop is located in the immediate vicinity. Bus lines 24 and 275 provide connections to the Rahlstedt train station and other S-Bahn (suburban railway) connections. The Rahlstedt regional train station offers quick access to Hamburg Central Station. The U1 (subway) stations Oldenfelde and Berne further complement the public transportation options.

Attractive green spaces and recreational areas are available, including the Wandse lake, the Liliencron Park, and the nature conservation and recreation areas of Höltigbaum and Stellmoorer Tunneltal. The combination of local amenities, public transportation links, and a natural living environment supports the long-term rental potential of the location.