← Back
⚠️

Basement / Semi-basement — not suitable for standard residential buy-to-flip investment.

€719,040

2.0/10

€3,825/m²

4
Rooms
188.0m²
Area
5/6
Floor

💰 ROI Analysis

Purchase price €719,040
Renovation cost (~€700/m²) €131,600
Total investment €850,640
Comp avg €/m² (26 listings within 500m) €3,275/m²
Projected sale (188.0m² × €3,275) €615,753
Estimated profit / ROI €-234,887 / -28%

AI-estimated ROI: -40%

Details

Location Centrs, Merķeļa 2
Building type Renov.
Published 27.01.2026 28d
📍 Location

Description

Pārdošanā tiek piedāvāts divstāvu 4 istabu dzīvoklis.Unikāla ēka Merķeļa ielā 2 – izsmalcināta vēsturiska celtne, celta 1876. gadā pēc izcilā arhitekta Jāņa Frīdriha Baumaņa projekta. Šī ēka ir arhitektūras mantojuma paraugs, kurā harmoniski apvienojas klasiskā elegance un mūsdienu ērtības.Dzīvoklis:- 4 istabu dzīvoklis- Viesistaba apvienota ar virtuvi- 4 guļamistabas- 4 vannasistabas- Apsildāmās grīdas vannasistabās- Vēsturisks kamīns- Gaisa kondicionieri- Augsti griesti- Logu rāmji ar saglabātu vēsturisko šarmu- Saglabāti vēsturiskie ģipša rotājumi griestos- Individuālie skaitītāji katrā dzīvoklī-Pie norādītās platības tiek pieskaitīta virsgaismas platība, kas tiek izmantota kā dzīvojamā zona 21, 3 m²Ēka:- Mūsdienīgs lifts- Skats uz Vērmanes dārzu- Slēgts iekšpagalms- Pieejamas noliktavas telpas pagrabā- Pieejama autostāvvieta pagalmā- Izturīgi starpstāvu pārsegumi nodrošina stabilitāti un pilnīgu skaņas izolāciju- Domofons ar video funkciju pie ieejasInfrastruktūra:- Ēka atrodas Rīgas centrā- Blakus Vērmanes dārzs- Sabiedriskā transporta pieturas Merķeļa un Barona ielā- Netālu Centrālā stacija un topošā Rail Baltica stacija-----For sale: a two-level 4-bedroom apartment.A unique building located at 2 Merķeļa Street an exquisite historic property built in 1876, designed by the outstanding architect Jānis Frīdrihs Baumanis. This building is a true example of architectural heritage, harmoniously combining classical elegance with modern comforts.Apartment:- 4-bedroom apartment- Living room combined with a kitchen- 4 bedrooms- 4 bathrooms- Underfloor heating in the bathrooms- Historic fireplace- Air conditioning- High ceilings- Window frames preserving historic charm- Preserved historic decorative plaster moldings on the ceiling- Individual utility meters in each apartment- The stated area includes an additional double-height (second-light) space used as a living area 21.3 m²Building:- Modern elevator- View of Vērmanes Garden- Gated inner courtyard- Storage rooms available in the basement- Parking space available in the courtyard- Solid inter-floor structures ensuring stability and full sound insulation- Video intercom system at the entranceInfrastructure:- Located in the city center of Riga- Next to Vērmanes Garden- Public transport stops on Merķeļa and Barona streets- Close to the Central Railway Station and the future Rail Baltica stationPilsēta:RīgaRajons:centrsIela:Merķeļa 2[Karte]Istabas:4Platība:188 m²Stāvs:5/6/liftsSērija:Renov.Mājas tips:MūraĒrtības:Lodžija, Parkošanas vietaCena:719 040 € (3 824.68 €/m²)

🤖 AI Analysis

23 Feb 2026
2.0
Deal Score
2
Reno Potential
-40%
Est. ROI

📸 Photo Assessment

The apartment appears to be recently renovated with a modern, clean aesthetic, high ceilings, exposed wooden beams, and large windows providing good natural light. It features a modern staircase, contemporary lighting fixtures, and a well-maintained historic fireplace. The overall condition looks excellent, requiring no immediate renovation.

📋 Analyst Notes

This apartment, though beautifully renovated and located in Centrs, is significantly overpriced compared to the average renovated market rate in the area (€3,275/m² vs €3,825/m² asking). Its large size (188m²) also falls outside the investor's target range of 35-115m². The estimated ROI is a substantial negative 40.1%, making it unsuitable for a renovation-focused investor. This is a 'move-in ready' property rather than a renovation project.

🚩 Red Flags

Overpriced for the market, too large for investor's target, already renovated, negative ROI

Tags

move_in_ready high_ceiling top_floor good_floor no_balcony centrs period_building good_natural_light basement

📊 Comparable Properties (10 within 300m)

Avg: €2,980/m² — used for ROI calculation