Exclusive historical property with stable income in the Historical Center of Riga - Vīlandes Street 10.

We offer to purchase a unique income-generating residential building in the prestigious Riga Historical and Embassy District , just a 5-minute walk from the Old Town. This solid real estate investment is already 100% occupied with long-term tenants , ensuring a constant and secure income stream.

Property highlights

• Built in 1908 to a design by Latvian architect Konstantins Pēkšēnis , the building represents the National Romantic style , with a richly decorated facade, exquisite bay windows, and elegant entrance doors.

• Completely renovated in 2005 with modern communications and professional management.

• 16 units – 12 apartments and 4 commercial premises, with areas ranging from 94.7 m² to 299.4 m², providing a wide range of application options, including the potential for a penthouse conversion on the top floor.

• Total building area: 2,508 m²

• Leasable living area: 2,077.3 m²

• Heating: Gas central system (city network)

• Ground floor premises: currently used as offices; can be converted into apartments or retain commercial function according to tenants' needs and strategy

• Extensive apartment layout options ensure privacy, comfort, and premium quality of life.

Indoor benefits

• High ceilings (2.75–3.20 m) and large windows provide plenty of natural light.

• The original parquet flooring , fireplaces and balconies have been restored.

• The building's technical systems have been completely renovated - heating, water supply, sewage and electricity.

• Security is provided by video surveillance, an intercom, and an access code system.

Location and accessibility

• The prestigious district of Riga's "Quiet Center" - an area of diplomatic missions and historical residences, within the UNESCO-protected territory.

• Convenient access to Old Town, parks and main transport hubs:

• International Airport (RIX) – 10 km

• Central Railway Station – 1.5 km

• Central Bus Station – 1.3 km

• Riga Passenger Port – 1 km

Amenities and infrastructure

• The building has an elevator and a spacious central staircase.

• Partial or complete conversion of commercial premises for apartment needs is possible.

• 4 parking spaces in the private yard.

Vīlandes Street 10 is a rarity on the Riga market – it combines historic charm, a stable tenant network, and an excellent location , offering a safe and profitable investment with long-term potential.