House for sale • 435 m² without real estate, Saxony

For sale is an exceptional multi-family house located at Feigstraße 2a, Kamenz, built in 1997, with a total of 8 residential units and approximately 435 m² of living space. The building’s structure is nearly unique in Kamenz: while many older buildings have either never been renovated or were only superficially modernized decades ago, this property impresses with its solid reinforced concrete construction – a value-stable foundation that is well above the city’s average.

The house features an insulated plaster façade, which not only enhances energy efficiency but also maintains the appearance and technical condition of the property.

All apartments are in very good condition; four of them are equipped with fitted kitchens. With every change of tenant, modernizations have been carried out so that the equipment, comfort, and standard fully meet today’s requirements.

A particular highlight is the spacious basement area of approximately 220 m², which is currently unused. Access is provided via the staircase; additionally, a car-accessible gateway via the adjacent property could be created. That neighboring property is also being sold due to its age – direct contact with the owner can already be made. After obtaining the necessary approvals, the basement offers a variety of potential uses: commercial space, office areas, storage, a safe room, or even a server hosting location are all conceivable.

Technical Equipment

It is currently under review to connect the building to the city’s district heating network. The corresponding pipelines are already located on the main street, only about 30 m from the side street where the house is situated – making a connection straightforward to implement. The existing heating system and all pipelines are without any issues; there are no damages or outstanding maintenance deficiencies.

Rental Income & Leasing

The multi-family house is fully rented, and there is always demand for apartments in Kamenz. The current annual net cold rent amounts to €33,840. Several rental contracts are already structured as index-linked leases, so that the rents are automatically adjusted to inflation. In addition, there is potential to continuously adjust the rent level to the local market rate. In Kamenz, apartments can currently be leased for up to €8/m² cold rent – thus further increasing the potential for yield and value.

Features & Highlights

- Built in 1997

- Insulated plaster façade for good energy efficiency

- 8 modernized apartments in very good standard

- 4 apartments with fitted kitchens

- Unique reinforced concrete construction – clearly superior to the level of other older buildings in the city

- Spacious basement area (~220 m²) with potential for development and additional access via the adjacent property

- Compact plot (~300 m²)

- Fully rented, annual net cold rent of €33,840

- Index-linked leases in place + potential for rent increases up to approximately €8/m²

- Quiet yet central location in a second row, directly next to the Ziegenpark (Goat Park)

- District heating connection under review (pipeline only about 30 m away)

- Heating system and pipelines free of defects

The multi-family house is located in a prime area of Kamenz – right next to the Ziegenpark, a popular recreational area with animal enclosures, a playground, and a natural setting. The park is municipal, free to access, and a genuine plus for families and those seeking relaxation.

Despite the central city location, the property is set back in a second row. This benefits residents with significantly reduced traffic and a peaceful residential atmosphere, without sacrificing convenience. Shops, schools, doctors, and public transportation are all in the immediate vicinity.

Another advantage of the location: on September 11, 2025, the groundbreaking for the comprehensive modernization of the Jahnsportplatz in Kamenz took place. In the coming months, a modern school and leisure complex will be developed here, featuring synthetic running tracks, athletics areas, volleyball and basketball courts, a new multi-purpose building, as well as additional leisure and recreational areas. Completion is planned by the end of October 2026. This urban development enhancement will sustainably increase the location’s attractiveness – both for residents and investors.

Contemporary Living Standard: All apartments are bright and feature modern design elements that have been updated continuously with each tenant change.

Fitted Kitchens: Four out of the eight apartments are equipped with functional fitted kitchens, which further increases their rental appeal.

Modern Building Structure: Built in 1997 with robust reinforced concrete construction – making it significantly more durable and easier to maintain than the typical older buildings in Kamenz.

Optimized Operating Costs: Thanks to the solid construction, modern windows, and efficient floor plans, operating costs are comparatively low – an advantage for both tenants and owners.

Basement with Potential: The spacious basement area (~220 m²) can be developed in various ways and offers room for future value enhancement.

District Heating Connection Under Review: The city’s district heating network is already on the main street, only about 30 m from the building – a future connection can be implemented effortlessly and would further improve the energy cost structure.

Attractive Micro-Location: Directly adjacent to the Ziegenpark, yet quietly situated in a second row – a unique selling point in Kamenz.