Investment Property in Riga Old Town with Stable Returns and No Additional Capital Expenditure Required

An exceptional investment opportunity is available at Pasta Street 6, located in the heart of Riga Old Town – one of the most sought-after locations in the city. The project comprises 86 fully furnished apartments ranging in size from 15 to 41 m², offering an attractive solution for both short-term rental operations and long-term investment strategies focused on stable cash flow and consistently high occupancy rates throughout the year.

The apartments are situated in a fully renovated building, with reconstruction completed in spring 2025. As a result, the property is in excellent technical condition, providing investors with a significant advantage – no major additional capital investments are expected to be required in the coming years.

Key Advantages:
• Average annual yield of approximately 7%;
• Prime location in Riga Old Town;
• Strong demand in the short-term rental market;
• Booking.com rating of 9.3;
• Fully furnished and equipped apartments;
• Modern interior finishes and high ceilings;
• Ready for immediate rental operations;
• Well-suited for professional property management.

Each apartment is fully equipped to provide a comfortable guest experience, featuring a kitchenette, household appliances, a private bathroom, furniture, and thoughtfully designed interiors that appeal to both domestic and international visitors.
The project offers a variety of apartment layouts, including distinctive loft-style units with unique character and strong appeal within the rental market. Apartments on the upper floors benefit from impressive views over the historic skyline of Riga Old Town.

Prime Location
The property is situated in Riga Old Town, one of the city's most prestigious and historically significant districts. The surrounding area offers a wide selection of tourist attractions, cultural venues, entertainment options, cafés, restaurants, and retail outlets, creating a vibrant urban environment that adds value for both residents and short-term guests.

Excellent transport connectivity further enhances the property's attractiveness, with convenient access to public transportation, railway connections, and Riga International Airport located just approximately 10 km away. This accessibility makes the property particularly appealing to international visitors and tourists.

This is a turnkey investment opportunity with a proven concept and strong potential for generating stable returns in one of Riga's most desirable locations.