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€296,000

1.5/10

€1,987/m²

4
Rooms
149.0m²
Area
4/6
Floor

📊 ROI Scenarios

18%
Conservative
Sell as-is
39%
Target
€700/m²
60%
Premium
€1200/m²

💰 ROI Analysis

Purchase price €296,000
Renovation cost (~€700/m²) €104,300
Total investment €400,300
Comp avg €/m² (6 listings within 500m) €3,741/m²
Projected sale (149.0m² × €3,741) €557,366
Estimated profit / ROI €157,066 / 39%

AI-estimated ROI: -12%

Details

Location Centrs, Raiņa bulv. 3
Building type Renov.
Published 03.02.2026 24d
🔥 Local heating
📍 Location

Description

Divus kādreiz apvienotos dzīvokļus 4. un 5. stāvā pēc vēlēšanās var sadalīt 2 trīs istabu dzīvokļos katrs 70 m2.Gāzes apkure (katrā stāvā savs apkures katls), 4 izolētas istabas, 2 sanmezgli, sauna.2 объединенные квартиры на 4 и 5 этажах, при желании можно разделить на 2 двух (3-) комнатные квартиры по 70 м2 каждая.Газовое отопление (на каждом этаже свой котел), 4 изолированные комнаты, 2 санузла, сауна.Pilsēta:RīgaRajons:centrsIela:Raiņa bulv. 3[Karte]Istabas:4Platība:149 m²Stāvs:4/6Sērija:Renov.Mājas tips:MūraCena:296 000 € (1 986.58 €/m²)

🤖 AI Analysis

27 Feb 2026
1.5
Deal Score
8
Reno Potential
-12%
Est. ROI

📸 Photo Assessment

The building exterior is a classic solid masonry pre-war style common in Centrs, appearing well-maintained with decorative architectural elements. The structure appears sound and in good condition, signaling a prestige building. No interior photos show signs of structural issues.

📋 Analyst Notes

This apartment is a hard disqualifier due to being on the 4th floor of a 6-story building with no elevator. This severely limits its appeal for premium buyers. The building itself is excellent, a solid pre-war masonry type in Centrs, which aligns with the investor's renovation potential criteria. However, the high floor without an elevator, combined with a large size penalty, significantly impacts the deal score. The ROI is negative due to the high purchase price relative to renovation costs and projected sale price, confirming this is not a viable investment.

🚩 Red Flags

floor_4_no_elevator

Tags

solid_prewar historic_building renovation_needed centrs large_apartment floor_penalty_no_lift structural_concern

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📊 Comparable Properties (6 within 300m)

Avg: €3,206/m² — used for ROI calculation