Tartu mnt 64, Harjumaa

Apartment Portfolio for Sale in City Centre – Tartu mnt 64

A rare opportunity to acquire a fully integrated real estate portfolio in the heart of Tallinn. The offering includes 8 apartments located in the same building, along with 6 storage units. This is a well-structured investment with an estimated yield of 7–9%.

This opportunity is ideal for both long-term investors and hospitality operators who value the stability and growth potential of prime city centre real estate.

The price is in line with a valid valuation report.

VAT will not be added to the price.

BUILDING

The building at Tartu mnt 64 has been fully renovated and adapted to meet modern residential and commercial standards. Renovation works were completed by the end of 2024.

This is a solid stone building constructed with limestone and brick, offering excellent sound insulation and long-term durability. The architecture reflects the dignity of its era, complemented by modern solutions.

The building has entrances from both Tartu Road and the courtyard side, ensuring convenient access. While located in the vibrant city centre, thick walls and high-quality windows create a शांत and private indoor environment.

BUILDING CHARACTER

This is a classic city centre residential building with a history dating back to the early 20th century. Period features such as thick stone walls and high ceilings have been preserved and combined with modern finishes and technical systems.

This blend creates a unique atmosphere appealing to both tenants and end buyers.

LAYOUT AND INTERIOR FINISHES

The portfolio consists of 8 apartments, of which 6 are guest apartments and 2 are residential units. This distribution provides a balanced tenant mix and allows flexible use for both long-term rental and short-term accommodation.

Apartment sizes range from approximately 36 to 77 m². The layouts are well thought-out and functional, suitable for both living and rental purposes.

All apartments are fully furnished and have been in use since summer 2025.

The interiors feature natural tones and timeless design, creating a calm and уют overall impression. Many apartments retain or highlight original elements such as exposed brick walls and high ceilings, adding character and value. High-quality materials have been used throughout, ensuring durability and long-term visual appeal.

Six apartments include storage units located on the ground floor.

HEATING, VENTILATION AND TECHNICAL SOLUTIONS

The building is equipped with a modern heating system based on an air-to-water heat pump. Apartments also feature heat recovery ventilation.

Five apartments are additionally equipped with cooling systems, ensuring comfort during the summer months.

INVESTMENT VALUE

This is a comprehensive investment asset where all units are located within a single building, simplifying management and reducing operational effort. The mix of multiple apartments allows for risk diversification and stable cash flow from different tenants.

The property is also highly suitable for hospitality use, including short-term rental platforms such as Airbnb. The apartment layout supports this use particularly well.

The expected yield is approximately 7–9%, depending on the usage model and management strategy. The central location ensures consistent demand from both tourists and business travelers, supporting strong occupancy rates.

LOCATION

The Tartu Road area is one of Tallinn’s key urban arteries, where business, transport, and city life converge. Public transport stops, shopping centres, restaurants, and services are all within close proximity, making the location attractive for both residents and businesses.

The apartment portfolio at Tartu mnt 64 represents a rare opportunity to acquire a high-quality and well-positioned real estate asset in Tallinn’s city centre. It combines historical value, modern comfort, and strong investment potential into a cohesive whole.