A promising investment property for sale in – a multi-apartment residential buil
1 200 000.00 €
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Land area, m2
1000
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Area, m2
1723
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A promising investment property for sale in – a multi-apartment residential building with an active construction case and an approved renovation and redevelopment project. Investment Property – 11A Jāņa Asara Street, Riga The building is being developed as a 6-storey residential property comprising 28 apartments, preserving the historical architectural character while integrating modern technical solutions. Historically, Grīziņkalns developed as one of Riga’s classic rental apartment districts, and the building at 11A Jāņa Asara Street was originally constructed as an income-generating property, giving the project authentic value and a functional investment concept. Property Overview: 6-storey multi-apartment residential building 28 apartments Renovation / redevelopment project with strong value-add potential Construction and Renovation Status Construction and renovation works have already commenced and are ongoing. The following major works have already been completed: construction of the mansard floor; façade renovation; installation of elevator shaft structures for both staircases; commencement of floor slab dismantling and structural renovation works. The building also includes a spacious basement level intended for storage and utility premises. Planned Areas After Renovation: Total building area: 1,723.20 m² Total apartment area: 1,360.60 m² Location and Infrastructure The property is located in Grīziņkalns – a rapidly developing and increasingly sought-after central district of Riga with stable demand in both residential sales and rental markets. Nearby amenities include: Grīziņkalns Park; Daugava Stadium; sports and athletics infrastructure; ice arena; Zemitāni railway station. The location provides convenient access to Riga city centre and other districts of the city. Investment Potential: The property offers an opportunity to invest in a project already under development with a clear concept, efficient apartment layout structure, and strong location advantages. The project is suitable both for long-term rental operations and apartment sales after completion, ensuring strong demand potential within Riga’s residential property market. |
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Ad No.: 1600345
Created: 3.08.2026 / 8:44
Number of visits: 7 Today: 7Updated: 3.08.2026 / 8:44