Listed-property investment gem in Stuttgart-Ost – High depreciation allowance, factor 20.9 (No commission!)

Key facts

Purchase price & costs

About this apartment

In a sought-after and value-stable location in the state capital, this solid condominium is offered for sale free of commission. The property is located in a well-maintained apartment building that impresses with its historic substance and status as a listed cultural monument. For the investor, this means not only acquiring a value-retaining tangible asset, but above all gaining access to exclusive tax conditions that can sustainably optimize the return after tax.

The 2.5-room apartment on the raised ground floor impresses with an efficient layout over approx. 55.7 m². The rooms are in a well-maintained condition; bright living areas with laminate flooring meet functionally tiled areas in the kitchen and bathroom. The bathroom, with natural daylight, has a bathtub. A key advantage for management: The existing fitted kitchen is explicitly not rented out, but merely made available for use, minimizing the owner's maintenance risk.

The technical features are up to date, with modern uPVC windows with insulating glazing and an independent gas floor heating system (direct gas supply without advance payment). The tenant controls their costs independently through their own heating habits. A separate cellar compartment completes the space available. Due to listed-building protection, there is no obligation to provide an energy performance certificate, which further simplifies the property's administration.

In addition to the regular building depreciation (AfA) of 2.5% for properties built before 1925, the listed status pursuant to § 7i EStG offers substantial depreciation opportunities for future renovations. Furthermore, under the new Baden-Württemberg State Property Tax Act, the property benefits from a 10% reduction in the tax assessment rate.

Why this investment is worthwhile for you: While expensive purchase price factors of 26 to 30 are generally the norm in central Stuttgart (meaning meager returns of below 3.5%), here you are acquiring a property at an absolute fixed price with an above-average gross rental yield of 4.77% and a purchase price factor of only 20.9. All value-reducing factors (such as the moderately renovated condition and the gas floor heating) have already been fully and generously taken into account in this low factor. Here, you are buying genuine substance with a buffer for the future.

Solid reserve accumulation: The owners' association manages its finances prudently and solidly. The proportionate reserve balance for As of 31 December 2025, this apartment has an attractive €3,312.84, which represents an excellent, business-oriented safety cushion in relation to the purchase price. With monthly service charges of only €204.00 (of which the non-allocable costs amount to an extremely low €462.84 per year), ongoing management remains maximally predictable for you as the landlord. Here, you are taking over an economically sound property with a genuine buffer for the future.

Future-proof technology & exceptionally well maintained: The self-contained gas heating system is demonstrably serviced professionally every year and is in perfect, reliable working order. Since the tenants settle the heating costs directly with the energy supplier, you as the owner have no administrative burden or financial pre-financing risks whatsoever. Through their own heating habits, the tenants also control their costs entirely independently.

Location