House for sale • 464 m² without real estateKöln Bayenthal Nordrhein-Westfalen 50968

This multi-family house, built around 1892, is located in the sought-after Cologne district of Bayenthal. The location impresses with its central connection to downtown Cologne, excellent infrastructure, and high residential and quality-of-life standards.

The property comprises five residential units in a solid Gründerzeit-style architecture. The historic building fabric has been continuously maintained, providing a stable basis for long-term rental income.

Number of residential units: 5

Leasing status: Partially leased

Lease contracts: Open-ended / Rent increases possible

Condition: Well-maintained, with regular upkeep

Construction & style: Gründerzeit with historical elements, well-preserved old building character

Special features: Courtyard, 5 garages, no monument protection

Micro-location: Bayenthal is one of Cologne’s sought-after inner-city residential areas. The infrastructure is excellent: shopping opportunities, dining options, and pharmacies are in the immediate vicinity. The district also offers a wide range of kindergartens, schools, and medical services, including the nearby St. Antonius Hospital. The public transportation connections are very good, as is the accessibility of downtown Cologne and the surrounding districts. The Rhine promenade and nearby green spaces add to the location’s attractiveness and ensure sustainable demand for housing.

Macro-location: Bayenthal enjoys excellent transport connections: Cologne’s city center and adjoining districts can be reached within minutes. The connections to highways A4 and A555, as well as the good links to public transportation, guarantee optimal accessibility for residents and commuters. Cologne is considered one of the economically strongest regions in Germany, with continuous population growth and high demand for housing.

The building comprises a total of five residential units, each with its own kitchen and bathroom. The floor plans are functional and well adapted to the urban housing market.

Heating is provided by efficient pellet as well as wood/coal stoves, enabling cost-effective and independent energy supply. A large portion of the windows have already been upgraded to modern thermal windows with double insulating glazing, offering solid energy efficiency and good sound insulation.

The property also includes four separate basement rooms that can be used as additional storage space. Balconies on the ground and upper floors offer views into the quiet courtyard, which is directly accessible from the ground-floor apartment. The existing flat roof holds potential for the creation of a roof terrace (subject to building permit review), presenting a prospective opportunity for value enhancement.

In total, the property comprises five residential units, which are currently fully occupied. Two apartments are leased on an open-ended basis, while three are currently owner-occupied and will be available for new leasing after the sale. This offers the possibility to rent these units shortly at market rates, thereby boosting income. In the existing tenancies, no rent increases have been implemented over the past three years, so there is additional potential to adjust rents according to the local rent index.

Furthermore, the property includes five garages: one is leased, one is used collectively, and three are currently vacant and available for new rental. The garages offer an attractive opportunity for additional revenue generation.