Dortmund-Wickede: 6 apartments - 5 garages - 3 parking spaces - Planning permission approved.

Six apartments. Five garages. An attractive investment property with multiple future prospects. This well-maintained and largely modernized multi-family building in Dortmund-Wickede combines ongoing rental income with additional development potential. A key advantage over many comparable existing properties: for all six apartments, a certificate of completion has already been issued by the authorities. This creates a crucial prerequisite for potentially dividing the building into six legally independent apartments in the future. For investors, this opens up the possibility, in addition to long-term rental income, of selling the individual apartments later, once the legal division is fully implemented.

Property Overview:
The multi-family building, constructed in 1970, is located on a 692 m² plot and comprises six apartments with a total living area of 387.88 m². The apartments range in size from 59.63 m² to 67.05 m². These compact apartment sizes are particularly suitable for singles, couples, and small families. Balconies or loggias, spacious basement areas, and well-maintained communal spaces complement the apartments. The property also includes five individual garages with new Hörmann sectional doors. In addition, the plans include three outdoor parking spaces, which still need to be constructed using paving stones. Once completed, these will provide further potential rental income.

Significant investments have already been made. In recent months, numerous measures have been implemented to enhance the building. These include facade improvements, new entrance doors for the building and apartments, new windows in the stairwells, new balcony railings, and the modernization of the mailboxes and stairwell lighting. The exterior areas and the garage courtyard have also been upgraded. All five garages have been fitted with new Hörmann sectional doors. Of particular note is the extensively renovated apartment on the first floor on the left side. This apartment was successfully re-let in May 2026 at a net cold rent of €890 per month. This equates to approximately €13.29 per square meter and demonstrates the existing rental potential of the building.

Attractive development opportunities exist. The current rental rates for several apartments range from approximately €5.09 to €8.39 per square meter. The ground-floor apartment on the left, with an area of 66.97 square meters, is expected to become vacant in the coming weeks, as the current tenant has already announced their departure. This presents the buyer with another opportunity for re-letting and economic optimization. The attic apartment on the right, with an area of 60.21 square meters, is currently vacant. For this apartment, we offer a rental guarantee of €13.00 per square meter as an alternative to the buyer re-letting it themselves. This equates to €782.73 per month. The specific terms of the guarantee will be agreed upon in a contract. Two garages that are currently not rented are also included, with a rental guarantee offered at €100 per month each.

A multi-family building with substance and potential.
The combination of existing rental income, already completed renovations, additional parking spaces, and a prepared property division makes this property particularly attractive to long-term real estate investors.

Dortmund-Wickede – a well-established residential area with excellent infrastructure.

The property is located in the eastern part of Dortmund, in the established neighborhood of Wickede.

The residential environment is characterized by established housing, good local amenities, and short distances to everyday necessities.

Supermarkets, bakeries, doctors, pharmacies, kindergartens, and schools are easily accessible. The Wickeder Hellweg offers a variety of shopping opportunities.

The transportation links are also attractive. The city tram, bus lines, and suburban railway provide good connections to the center of Dortmund and in the direction of Unna.

Further business locations in the region are easily accessible via the B1, A44, and A1 motorways. Dortmund Airport is also located nearby.

The combination of excellent infrastructure, transportation links, and compact apartment sizes creates interesting conditions for long-term rental.