Investment property in Old Town with stable yield and no additional investment!

On offer is an excellent investment project in Pasta iela 6 - in the very heart of Old Riga, one of the most sought-after locations in Riga - 86 fully furnished apartments available in different sizes from 15 to 41 m². The property is ideal for both short-term rental business and long-term investment with stable cash flow and high occupancy throughout the year.

The apartments are located in a fully renovated building, the renovation of which was completed in spring 2025, ensuring excellent technical condition and this means only one significant advantage for the investor - no additional investments will be required in the coming years.

Key advantages:

• Stable average yield of ~7%;
• Ideal location in the Old Town;
• High demand in the short-term rental market;
• Booking.com rating - 9.3;
• Fully furnished and equipped apartment;
• Modern decoration and high ceilings;
• Suitable for immediate rental;
• Project suitable for professional management.

The apartments in the project are fully equipped with everything you need for a comfortable living experience - kitchen area, appliances, private bathroom, furniture and interior solutions that attract both local and foreign guests.

The building offers a variety of apartment types, including loft-style apartments with a special character and high added value in the rental segment. The windows on the upper floors offer magnificent views of the Old Town skyline.

Excellent location - the property is located in the Old Town, one of the most sought-after and historically rich districts of Riga. The neighbourhood is home to popular tourist attractions, cultural and entertainment venues, as well as a wide range of cafes, restaurants and shops, providing a vibrant urban environment and high added value for both everyday life and short-term accommodation needs. Close proximity to public transport, easy access to the railway and only ~10 km to Riga Airport significantly increase the attractiveness of the property for foreign visitors and tourists.

This is a turnkey investment product with a proven concept and high potential for solid returns in a premium Old Town location.

Additional costs:

• Management fee 0,80 EUR/m2;
• Savings fund - 0,40 EUR/m2.

Additional service:

• We offer professional management for short-term properties - relieving you of all the hassle of letting to cleaning.

About the apartment:

• No. 32a
• 1 room;
• View of parking;
• 5th floor.

For a full presentation of the property and a price list, feel free to Whatsapp "I would like a presentation".

See you at the property!