The charm of Old Riga with modern comfort

A spacious and elegant three-room apartment with a total area of 112.60 m² is offered for sale in a historic, fully renovated Art Nouveau building at 18/20 Kalēju Street, in the very heart of Riga’s Old Town.

The apartment is located on the 2nd floor and features a thoughtfully designed layout comprising two separate bedrooms and a spacious open-plan living area with a kitchen. The master bedroom benefits from a private bathroom and a generous walk-in wardrobe, while the apartment offers two bathrooms in total. The windows overlook the inner courtyard, providing a peaceful living environment despite the central location. The building is equipped with a lift.

The property is offered fully furnished and equipped with all necessary household appliances.

The apartment is currently successfully operated as a short-term rental property, making it an attractive opportunity not only as a high-quality residence in Riga’s Old Town but also as an established investment property with the potential to continue its existing rental operation.

The building itself adds exceptional value to the property. Originally constructed in 1900, the building on Kalēju Street was designed by the distinguished Baltic German architect Wilhelm Ludwig Nikolai Bockslaff. In 2001, it underwent a complete renovation under the supervision of renowned Latvian architect Zaiga Gaile. The renovation included the replacement and modernisation of engineering systems and utility networks, while carefully preserving the building’s historic character and authentic architectural details.

The building is managed by a homeowners’ association. The apartment is registered as a separate property, the land beneath the building is owned, and the property is free of encumbrances.

This property is an excellent choice for those who appreciate the historic architecture of Riga’s Old Town, spacious interiors, and authentic architectural features, as well as for investors seeking an established income-generating property in one of Riga’s most sought-after tourist destinations.