Renovated investment property in St. Gallen-Riethüsli | 5 apartments + commercial space | Target return of around 4.26%

Purchase price: CHF 2'950'000
Rentable area: approx. 550 m²
Apartments: 5
Commercial space / studio: 2 units
Target net rental income: CHF 125'760 p.a.
Target gross return: around 4.26%

The 1911-built multi-family house combines historic building substance with modern living comfort. The property is located in the popular St. Gallen quarter of Riethüsli and was comprehensively modernized in 2026. High-quality oak parquet flooring in the living and bedrooms, as well as stone flooring in the kitchens and bathrooms, underline the well-maintained and high-quality construction.

6-story building, single-sided with entrance on the rear side.

Commercial renovation: 1998
Attic apartment renovation: 1998 / 2026

Renovations / investments 2026

new kitchens
new bathrooms
flooring / oak parquet
painting work
electrical work
plumbing
windows
heating
pipes

Solid masonry, plastered, base floor with sandstone cladding, metalwork in painted sheet metal, gable roof and dormers with tile covering.
Courtyard paved with interlocking stones.



Features
3 x 4.5 room apartment 106 m2
1 x 2.5 room apartment 71 m2
1 attic apartment 85 m2
1 commercial room 35 m2 with separate WC and room in the basement 18 m2
1 studio or office 23 m2

Location
Established residential quarter with stable rental demand

The property is located on Teufenerstrasse in the Riethüsli quarter, one of the most sought-after residential areas in the city of St. Gallen. The quarter combines quiet, green residential streets with direct access to the city center - a combination that is constantly in demand in St. Gallen and is reflected in low vacancy rates and short re-rental periods.

The access is excellent: The St. Gallen Riethüsli stop of the Appenzeller Bahnen is within walking distance, the main station can be reached in about 5 minutes; the bus line also serves Teufenerstrasse. The A1 motorway junction is about 7 minutes away. Shopping, schools, kindergarten, and local recreation (forest, leisure facility) are within walking distance.

The tenant mix in Riethüsli - families, couples, and professionals with a connection to the city - exactly matches the apartment mix of the property (4.5-, 2.5-room, and attic apartment). The target rents are in the market-standard range of the quarter and allow for upward potential in the event of tenant changes. Together with the comprehensive renovation, this results in an investment property with low rental risk and reliable, long-term planning potential.

Other
Completion, rental, and takeover

The renovation work will be completed at the end of October 2026. The initial rental is already underway and is being managed by the existing administration, PROPERTY Verwaltungen GmbH; two apartments and the commercial space are rented, three apartments and the office are in the rental process. The takeover of the property will take place on January 1, 2027 - the buyer will thus take over a freshly renovated object with ongoing rental contracts and can generate returns from the first day.

The tenant register with the target net rents as of January 1, 2027, will be provided upon request. Viewings are possible by arrangement.