| Living area approx. | 266 m² |
|---|
| Plot area | 244 m² |
|---|---|
| Usable floor area | 347 m² |
| Purchase price | 559.000 € |
|---|---|
| Price per m² | 2,103.40 €/m² |
| Commission | 0 |
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More financing calculators and assumptions+ 4 three-room apartments, fully rented
+ CURRENT net cold rent €35,160 p.a., avg. €11.02 / m²
+ Multiplier 15.90 / gross yield 6.29% (CURRENT)
+ All four gas condensing boilers replaced in 2021/2022
+ Two bathrooms modernized in 2019 and 2021
+ House, basement and apartment entrance doors replaced between 2020 and 2022
+ Most windows replaced over the years, most recently in 2025
+ Meter cabinet replaced in 2020, outdoor areas and fences renewed in 2022
+ Three apartments rented with fitted kitchens
+ Rooms of almost equal size, also suitable for shared accommodation
+ Stable rental performance; latest new tenancies in 2024 and 2025 at current rent levels
+ Sought-after location in Bremen’s Neustadt district
- Electrical systems in three units, two bathrooms, as well as the roof and façade require modernization in the medium to long term
Offered for sale is a well-maintained multi-family building dating from 1938. The building is part of a continuous row of houses and comprises three full floors, a converted attic, and a full basement with approx. 81 m² of usable space. The plot measures 244 m².
The approx. 266 m² of living space is divided among four three-room apartments ranging from approx. 59 to 70 m². In the apartments on the ground floor and on the 1st and 2nd upper floors, the three rooms are almost equal in size, measuring approx. 14.5 to 15.7 m² each. This makes the apartments attractive not only to couples and small families, but also to shared households, which are particularly sought-after in Neustadt due to its proximity to Bremen University of Applied Sciences and the city center.
Three apartments are rented with fitted kitchens, which are owned by the landlord. The garden is available for shared use by all tenants, but is currently used only by the ground-floor tenant.
The property is fully rented and generates annual net cold rent of €35,160. Average rents are €11.02 / m². The two most recent new tenancies, in 2024 and 2025, were agreed at the same level, demonstrating the property’s strong rental appeal.
Investment has been made consistently in recent years: in 2021 and 2022, all four gas-fired apartment heating systems were replaced with modern condensing boilers. Two bathrooms were modernized in 2019 and 2021, and the house, basement and apartment entrance doors were replaced between 2020 and 2022. Most of the windows have been replaced over the years, most recently in 2025. In addition, the meter cabinet was replaced in 2020, and the front garden, paving and fences were renewed in 2022.
In the medium to long term, modernization is required for the electrical installation in threeUnits, two bathrooms dating from the 1990s, as well as the roof and façade. The demand certificate indicates a final energy demand of 196.2 kWh / (m² · a) and energy efficiency class F. This gives investors the opportunity to further increase the property's value through targeted measures.
The apartment building offers a solid foundation for a long-term investment in a sought-after inner-city neighborhood.
We would be happy to provide further information or arrange a viewing.
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