Vīlandes Street 14 – Historic, income-generating property in the quiet center of Riga

We offer an exclusive investment property in one of the most prestigious locations in Riga – the Quiet Center, in the embassy district. The building is located just a few minutes from the Old Town and is surrounded by parks, diplomatic missions, as well as important business and cultural objects.

The property is fully leased (100% occupancy) with a stable portfolio of long-term tenants, ensuring a predictable and continuous income stream .

Key advantages of the property

• A historic building with excellent architecture, built in 1909

• Architect – Konstantīns Pēkšēns , one of the most significant representatives of Art Nouveau in Latvia

• Completely renovated in 2009 (structures, coverings, communications)

• 100% leased property with stable profitability

• Location within the UNESCO Art Nouveau building area

• Professionally managed and maintained property

Building characteristics

• Total area: 2,504 m²

• Leasable living area: 1,842.9 m²

• Additional premises (warehouse/technical): ~393 m²

• Common areas: ~268 m²

• Number of floors: 6

• Number of apartments: 14 (11 apartments + 3 commercial premises)

• Apartment areas: 112.6 – 200.1 m²

• Parking: 4 spaces in a closed yard

Planning and functionality

The building has two separate stairwells with elevators , providing easy access and additional privacy:

• One staircase – one spacious apartment on each floor with windows on both sides of the building

• Second – two apartments on the floor with functional and well-balanced layouts

The apartments have separate entrances from the stairwells , high ceilings, large windows and thoughtful zoning, which makes them particularly attractive in the premium rental segment.

The largest apartment can be rebuilt or divided according to market demand.

Interior and technical solutions

• Preserved and restored historical elements – parquet floors, fireplaces, decorative elements

• Ceiling height: 2.75 m – 3.00 m

• Large windows provide natural lighting in all rooms

• Heating: city centralized system (Rīgas Siltums), with the possibility of adapting alternative solutions

• All city communications: electricity, water, sewage

• Security: video surveillance, intercoms, code access

Additional potential

• The commercial premises on the first floor can be adapted for residential use or retained as office space.

• Possibility to optimize the apartment structure according to the investment strategy

• Stable demand for premium rental properties in this location

Location advantages

The property is located in one of the most sought-after neighborhoods of Riga – the Quiet Center, which is distinguished by its high quality of life and international environment.

• Old Town – ~5 minute walk

• Riga Passenger Port – 1 km

• Central Station – 1.5 km

• Airport RIX – ~10 km

An investment with long-term value

Vīlandes iela 14 is a rarity on the market , combining historic architecture, stable cash flow and one of the best locations in Riga. Ideal for an investor looking for a secure, managed and sustainable property with the potential for further value growth.