Listed apartment building as an attractive investment with development potential!

Key facts

Purchase price & costs

About this house

This multi-family house in Wuppertal is a genuine piece of the city's history. Built using solid masonry construction between 1876 and 1880, the building is now a listed monument and combines the charm of the Wilhelminian era with a functional, easily rentable layout. Its historic fabric defines its appearance and gives the property a distinctive character.

The house comprises a total of six residential units and a retail unit on the ground floor. The retail unit (67,10 m²) has its own separate entrance and consists of a retail area and a kitchen. It is currently rented and adds a stable commercial use to the property.

The apartment layout is classic and clearly structured. On the right side of the house (ground floor, 2nd floor and 3rd floor) are compact apartments featuring a combined living and sleeping room, a spacious eat-in kitchen, a bathroom and a hallway. Each of these units has a living area of approx. 32,96 m², appeals particularly to singles and is currently vacant, offering scope for reletting or individual use concepts.

The two larger apartments are on the left side of the house (2nd floor and 3rd floor). Each has a separate living room, a bedroom, a kitchen, a bathroom and a hallway. Both apartments have a living area of approx. 59,15 m² and are currently rented. They provide a solid basis for long-term tenancies.

A special feature of the house is the combined residential unit on the first floor. Here, the two originally separate apartments have been connected to create one spacious unit. The result is an attractive three-room apartment with a kitchen, hallway, bathroom, additional guest WC and a terrace. The living area is approx. 99,90 m². The terrace, with its adjoining garden area, creates an exceptional connection between the street running above, the garage and the residential unit. A rare detail that gives the urban multi-family house an almost independent house-like character.

A small courtyard is also available on the ground floor, adjoining an additional storage room and providing extra storage space.

The basement adds to the available space with a total of six separate cellar rooms.

Three of the seven units in total are currently rented. These include the retail unit and the two two-room apartments on the 2nd Upper floor as well as on the 3rd upper floor. The remaining units are vacant and offer corresponding development potential for investors.

Major work has already been carried out on the building in the past. The roof was re-covered in 2006. In addition, plastic windows with insulating glazing have already been installed (built in 1996). Particularly noteworthy is that the window replacement was approved by the authorities despite the building’s listed status.

Overall, the building is in well-maintained condition. At the same time, its age means that renovation and modernization work is required to preserve the historic building fabric over the long term. Such measures offer investors the opportunity to secure and further develop the property’s value sustainably. The listed status in particular creates attractive potential to carefully improve the building fabric, quality of living and rental prospects, and to prepare the property for the future.

Location