Investment Property in Düsseldorf | 593 m² | Target yield: 17.8x | 315 m² potential for new rental income.

For sale is a building dating from the Gründerzeit era, constructed in 1908, located in a quiet side street in Düsseldorf-Eller. This corner building, with an extension on one side, comprises eight apartments and a commercial unit on the ground floor, with a total rental area of approximately 593 square meters. Each unit has its own storage space in the basement. This property is particularly interesting for investors: four of the nine units, totaling approximately 315 square meters, or 53% of the total area, are available for new rental agreements. Three apartments have already been completely renovated and equipped with new fitted kitchens. In addition, the commercial unit on the ground floor is currently vacant. The buyer can therefore select a significant portion of the future tenants – this is unusual for properties with existing tenants. When fully occupied (without additional investment), the annual net cold rent would increase from the current €35,928 to a calculated €84,072. This represents a purchase price factor of 17.8 and a gross yield of 5.61%. The vacant, high-quality renovated apartments with fitted kitchens are priced at only €12.00 to €13.50 per square meter; the potential rental rates are therefore within the typical range for Düsseldorf-Eller. The facade and staircase have been renovated, and the central gas heating system was installed in 2017. A technical report assessing the remaining useful life of the building, exceeding 15 years, is available, which could allow for correspondingly increased depreciation. The declaration of completion is also available, meaning that, in addition to holding the property, individual sale of the apartments remains a possibility. There are no entries in the land registry of the city of Düsseldorf (information provided on August 10, 2026). The sale is being conducted directly by the owner. No commission is payable by the buyer.

The property is located on a quiet side street in Düsseldorf-Eller / Alt-Eller. The neighborhood is a well-established residential area with excellent infrastructure and convenient access to amenities.

The Alt Eller station, with its S-Bahn (suburban train), U-Bahn (subway), and bus connections, is only approximately 300 meters (about a four-minute walk) away. Shops, pharmacies, doctors' offices, and restaurants are all within walking distance. The Eller Castle Park offers additional opportunities for recreation.

Furthermore, the surrounding area is undergoing development: a new residential complex with 259 apartments in 18 buildings is being constructed on Festenbergstraße/Jägerstraße. The project is scheduled for completion in mid-2028.