Interesting properties at Engel & Völkers Commercial: buy a multi-family house in Erfurt

Apartments in Erfurt, in the federal state of Thuringia, are as in-demand as ever, just like in many other major cities. Accordingly, there is also strong demand for commercial real estate in Erfurt and other cities in Thuringia. Particularly popular are multi-family houses or mixed-use residential and commercial buildings. Bank interest rates are currently so low that investors are looking for alternatives in real estate. Investing in a multi-family house in Erfurt is less risky than buying stocks, yet often more lucrative than fixed-income securities. In the past, properties such as multi-family houses have proven that the real estate market generally weathers economic ups and downs better than other types of investments.

Whether in times of crisis or economic growth, rental apartments in multi-family houses in Erfurt remain in demand. However, depending on the location in Thuringia and the economic situation, the requirements for a multi-family house regarding living space, location, or plot size may change. With Engel & Völkers Commercial in Erfurt, you can also buy a multi-family house in Gera or acquire and sell interesting commercial properties in Eisenach.

1. Investment in real estate: is buying a multi-family house a safe bet?

There are generally various reasons to invest in an apartment building in Erfurt or a multi-family house in Weimar. A multi-family house offers the property owner a residential unit or holiday home for immediate or future personal use. Buying a property in Erfurt or a multi-family house in Jena represents a long-term investment in a tangible asset. This alone makes purchasing a multi-family house safer than buying stocks.

Past property sales have shown that multi-family houses in Thuringia generally experienced value appreciation by the time of resale. Rental income in Thuringia has also increased moderately over time. Compared to other major German cities, purchase prices for multi-family and mixed-use residential/commercial buildings in Thuringia are relatively low. Prices vary significantly depending on location: in prime locations, purchase prices range from €1,750 to €2,300 per m² (outliers possible), while in less favorable areas, prices range from €1,220 to €1,610 per m² (as of 2025). The average rents for apartments in multi-family houses range between €9.89/m² (existing buildings) and €14.01/m² (new constructions).

2. Buying a multi-family house – impressive facts about Erfurt for a solid investment

The major city of Erfurt is located centrally in the heart of Thuringia and is also the state capital. The A4 and A71 motorways make Erfurt a logistically attractive location in central Germany. Approximately 215,000 people live in around 117,000 households, more than half of them in roughly 8,000 multi-family houses. Single-family homes and apartment blocks make up the remaining housing. Erfurt is a recognized university city in Thuringia, attracting students from all over Germany for several years, who also need apartments in multi-family houses. Population density, age structure, and average income vary greatly across the 53 districts of Erfurt, as they do in other cities in Thuringia.

For your investments in multi-family houses and other commercial real estate, there is therefore a wide range of apartment buildings in Thuringia to choose from. A mixed-use residential and commercial building with a storefront in the densely populated old town of Erfurt is certainly more lucrative to rent than one on the outskirts. Conversely, a multi-family house with only a few units, upscale features, a balcony or garden, and a large living area in the countryside can offer an attractive return. Perhaps a multi-family house in need of renovation in the Krämpfervorstadt district is the right investment property for you? Or would you rather invest in commercial real estate in Arnstadt or buy a multi-family house in Gotha instead?

As an experienced and reliable partner in commercial and investment properties, we provide advice on all aspects of your investment. This includes multi-family houses and other commercial properties in Erfurt, Gotha, or other cities in Thuringia, such as:

• Weimar

• Gera

• Arnstadt

• Jena

3. How to find the right multi-family house in Erfurt with Engel & Völkers Commercial

For more than 40 years, Engel & Völkers has been one of the most successful real estate brokers worldwide. At our in-house academy, we pass on current knowledge and decades of experience in both multi-family houses and commercial real estate to our property consultants. When buying a multi-family house in Erfurt, our commercial real estate advisors provide you with solid expertise as well as regional knowledge.

Contact our experienced Engel & Völkers Commercial real estate agents in Erfurt for a non-binding consultation on purchasing a multi-family house, or submit your search request for Thuringia online. In an initial meeting, we define your wishes and priorities for your multi-family house together. Key points include:

• Maximum purchase price for the multi-family house

• Availability of additional funds for renovations

• Desired condition of the multi-family house: new construction, renovated, or in need of renovation

• Requirements for the location: transport connections, educational institutions, district

• Type of property: multi-family house or mixed-use residential and commercial building

• Number of residential units and desired living space

• Size of the plot for the multi-family house

• Number of parking spaces or garages

4. Success together: buy a multi-family house with Engel & Völkers Erfurt Commercial

With our real estate advisors, purchasing your new multi-family house in Erfurt becomes safer and easier. We know the appropriate purchase prices for commercial properties such as multi-family houses in each location in Erfurt to ensure your investment is worthwhile. That is why our agents are the right contacts if you want to buy or sell a multi-family house or a mixed-use residential and commercial building in Erfurt, Weimar, Jena, Gotha, Arnstadt, or other cities in Thuringia.

Request the current listings of multi-family houses and their purchase prices today. By the way, if you want to sell commercial real estate in Erfurt, you can also benefit from the expertise of the Engel & Völkers Erfurt Commercial property specialists. Give us a try!