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Penthouse with skyline views, terrace, and parking space – modernly renovated, ideal investment property.
60528 Frankfurt-Süd (Niederrad) – HessenModern renovated penthouse apartment with a large terrace, parking space, and impressive city views, located in one of Frankfurt's most desirable residential areas. Thanks to its proximity to the University Hospital, the DFB (German Football Association) campus, and the Lyoner Quarter, this apartment is ideally suited for high-quality shared accommodation or furnished rentals to professionals and commuters. Two separate storage rooms offer additional space. The parking space, included in the purchase price, further enhances the appeal for tenants.
Highlights:
* Penthouse on the 5th floor
* Large terrace with city views
* Parking space included
* Two storage rooms
* Extensively modernized
* Building modernization completed in 2025
* Elevator replacement already paid for
* Suitable for shared accommodation
* Available immediately
Potential cold rent for shared accommodation is approximately €1,400 per month (including parking space). This corresponds to a theoretical gross yield of approximately 5.8%.
Attractive rental concept:
This apartment is particularly suitable for:
* Young professionals and recent graduates
* Employees of the University Hospital in Frankfurt
* Students and research staff
* Project staff and management consultants
* Commuters and employees of Frankfurt Airport
Are you interested in this apartment?
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Object Number
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OM-470234
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Object Class
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Apartment
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Object Type
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Penthouse
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Is occupied
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Vacant
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Handover from
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Immediately
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Purchase price & additional costs
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purchase price
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289.000 €
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Purchase additional costs
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approx. 21,478 €
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Total costs
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approx. 310,477 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 1,106€
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Details
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Condition
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First occupancy after renovation
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Number of floors
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5
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Level
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5th floor
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Usable area
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9 m²
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Bathrooms (number)
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1
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Number of parking lots
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1
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Flooring
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Laminate
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Heating
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Central heating
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Year of construction
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1969
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Equipment
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Terrace, Basement, Roof terrace, Elevator, Full bath, Fitted kitchen
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Information on equipment
Modernizations:
The building and apartment have been regularly maintained and modernized. Key improvements include:
* Roof renovation (2002)
* Replacement of windows in the kitchen, bathroom, and living room (2007/2008)
* Balcony renovation (2010)
* Modernization of the kitchen and bathroom (2012)
* Facade renovation (2014)
* Stairwell renovation (2015)
* Extensive renovation of the hot and cold water piping systems (2025)
* Replacement of the intercom system (2025)
* Planned elevator replacement (special assessment already paid)
* Renovation of the bedroom, including replacement of flooring and improvement of wall and door surfaces (2026).
Location
Location – Frankfurt-Niederrad
Frankfurt-Niederrad is a highly desirable residential area in southern Frankfurt, thanks to its excellent infrastructure and proximity to major employers.
In the immediate vicinity, you will find:
* The German Football Association (DFB) campus
* University Hospital Frankfurt
* The Goethe University's medical campus
* The Lyoner Quarter, with numerous companies and office locations.
Due to its excellent connections to downtown Frankfurt, the main train station, and the airport, there is consistently high demand for housing in the area, both from professionals and from students and commuters.
Location Check
Energy
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Energy certificate type
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Demand certificate
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Main energy source
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Gas
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Final energy demand
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163.00 kWh/(m²a)
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Miscellaneous
The extensive refurbishment of the building's utility systems has already been completed, which is a significant advantage for the buyer. The financing is through an existing homeowners association (HOA) loan, with a current monthly payment of €230 and approximately 9 years remaining. This eliminates the risk of a large special assessment in the future for this type of work.
Conclusion:
This apartment represents an attractive investment opportunity in one of Frankfurt's most desirable residential areas. The combination of a modernised condition, flexible use as a shared apartment, a parking space, two storage rooms in the basement, and proximity to major employers provides excellent conditions for sustainable rental income.
The completed refurbishment of the building's utility systems reduces the future maintenance requirements of the building.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Topic portals
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Offer from: A. Can
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