Investment property in Munich. Over 6% return - Top rented 2-room shared apartment - Completely renovated (2026)

Key facts

Purchase price & costs

About this apartment

As an investment property, a furnished 2-room apartment operated as a 2-person shared flat (WG) in fully renovated condition, with a spacious south-facing balcony (approx. 4.5m²), is offered for sale with excellent rental income.
It is a residential unit in a multi-family building constructed in 1968 with underground parking (no duplex parking). The complete development comprises 46 residential units in a very quiet residential area with excellent connections.
The apartment is divided into WG1 room (approx.19m²), WG2 room (approx.18m²), kitchen, bathroom and hallway. The fitted kitchen is included in the price; a separate basement compartment (approx.3.5m³) belongs to the apartment. In addition, the communal facilities may be used. There is also a washing machine, a dryer, a drying room and a bicycle storage room in the basement.

Rental:
The apartment presents itself as an ideal investment property with a net cold rent of 2275,-. The total housing allowance is approx. 476,-. Of this, approx. 276,- is allocable and is divided proportionally between the two tenants. The non-allocable ancillary costs total approx. 200,-, of which approx. 100,- is allocated to the maintenance reserve in order to remain well positioned for upcoming measures in the future. The committed property management company has reliably managed the property for many years.

For investors, attractive tax depreciation opportunities are available. In addition to the 4% declining-balance depreciation (building AfA) and the very high building share for Munich conditions of approx. 70%, this property is a very good investment, making a positive cash flow realistic with normal creditworthiness.

Fittings and features, as described

Condition of the residential complex.
The multi-family building is in good condition. Since 2023, the building has had a new gas heating system, with all pipes also having been replaced. The windows are uPVC windows with double glazing. The underground car park has also been renovated. According to the resolution / minutes, no special assessments are planned. In addition, the building has very solid reserves (as of 31.12.2025 approx. 272000,-).

Condition of the apartment:
Completely renovated by early 2026. The apartment has new floors (high-quality wood-look laminate and high-quality tiles in the bathroom), new electrical systems with new safety technology, a new bathroom with new pipes and fittings, new doors with door frames and an apartment entrance door, refurbished radiators, and walls and ceilings that have been plastered, sanded and painted. The high-quality kitchen and furniture are included in the price.

Other

Energy source: Natural gas
•Heating type: Central heating
•Year built: 1968
•Energy certificate: Consumption certificate
•Final energy consumption: 133.3 kWh/(m²a)
•Energy certificate valid until 11.03.2036
•Energy efficiency class: E
•Year built according to energy certificate: 1968

Request the individual investment calculation for this beautiful attic apartment now and benefit from the strong return in Munich. We would be happy to compare the purchase price, financing, rental income and possible tax effects in a non-binding model calculation.
No tax or financial advice. The individual tax impact depends on the statutory requirements and the buyer’s personal situation.

I would be happy to send you the documents upon request and arrange a viewing appointment at short notice.

Location

Location details

The apartment is located in a very quiet courtyard or second-row position in eastern Munich – surrounded by greenery while also offering excellent transport links. The underground, suburban railway, tram and bus can all be reached conveniently within a few minutes on foot, as can the Mittlerer Ring and the A94 by car in just a few minutes. The immediate surroundings offer everything needed for daily life: shops, restaurants, pharmacies, banks and leisure activities are all within pleasant proximity. The nearby Ostpark, Michaelibad and Michaeligarten beer garden by the lake underline the location’s high recreational value. A guarantee of good rental potential.

The most important distances:
Bus stop: approx. 50 m
Underground: approx. 750 m or 3 min. by bus
Suburban railway: approx. 1 km or 3 min. by bus
Tram: approx. 850 m or 4 min. by bicycle

Park: approx. 1 km
Swimming pool: Michaelibad 2 km or 8 min. by bicycle
Beer garden by the lake: Michaeligarten 2 km or 8 min. by bicycle

Doctor: approx. 400 m
Pharmacy: approx. 400 m
Shopping: approx. 500 m
Dining out: approx. 300 m

Nursery: approx. 500 m
Kindergarten: approx. 500 m
Primary school: approx. 1.3 km
Secondary schools: approx. 500 m

A94 motorway access: approx. 4 km
Munich Airport: approx. 30 km

The immediate surroundings:
The surroundings impress with well-maintained residential buildings, small shops, cafés and green retreats. Numerous parks in the immediate vicinity – such as Ostpark – offer ideal opportunities for walks, sports or relaxing hours outdoors, or for enjoying cosy hours in the beer garden (Michaeligarten) by the lake. The nearby Michaelibad also offers an ideal opportunity for relaxation and for enjoying a day in the water in both summer and winter. Shops, restaurants, pharmacies, banks, schools, kindergartens and leisure activities can all be reached conveniently on foot – a great location for feeling at home in everyday life.
Modern, cleverly laid out, quiet and green – with its own underground parking space (not a duplex), this apartment is the perfect retreat for your individual feel-good home in the heart of Munich.