A two-room apartment in Neulamäki, Kuopio, is for sale—already rented out—with a rental yield of over 11%
For sale: a well-maintained apartment, already leased, in a well-managed building on Pahkakuja in Kuopio
Debt-free price €45,000
Sale Price 44,174.28 €
Cash Flow / Month 400.74 €
Rental income 11.44 %
Apartment details
| Address | 2 Pahkakuja |
|---|---|
| Apartment | B 10b |
| Type | 2h + k |
| Area | 49m2 |
| Rent | 620 € |
| Maintenance fee | 191,10 € |
| Financial compensation | 28,16 € |
| Debt ratio | 825,72 € |
| Status |
Free
|
A two-room apartment in Neulamäki, Kuopio, already rented out, located in a quiet small apartment complex with district heating
- A pre-rented apartment in a financially sound housing association
- A peaceful location in Neulamäki, Kuopio, close to good transportation links and amenities
- The building has been well maintained: for example, the roof was coated in 2020, the balconies were glazed in 2024, and fire stops were installed in 2025
- Return on equity of up to 37.95% and cash flow of €245.90 per month with 70% financing*
*The loan is calculated based on a 20-year term and a total interest rate of 3.5%. The monthly loan payment, including interest, is €183.00 in this calculation. The cash flow is calculated using the formula: rent + maintenance fees + loan payment = €245.90 per month
Basic information about the housing company
- Name of the housing cooperative: Asunto Oy Kuopion Pahkaneula
- Building type: Small apartment building
- Year built: 1985
- Number of apartments: 63 residential apartments
- Stories: 3
- Elevator: No
- Sauna in the apartment building: Yes
- Building material: Concrete / brick
- Roofing material: Brick
- Roof type: Gable roof
- Energy Class: F2018
- Energy certificate: Yes
- Building Antenna System: Cable TV
- Lot size: 7,823 m²
- Property Management: Kuopio Huoltotrio
- Property Management: Isarvo Oy Property Management Services / Mika Ärväs
- Zoning Information: City of Kuopio
- Zoning Status: Local Master Plan
- Heating: District heating
- Land Tenure: Lease
Completed and Upcoming Renovations
Renovations completed:
- 2015: Cleaning and adjustment of the HVAC system
- 2019: Dividing the apartments into two smaller units and converting the clubroom into an apartment
- 2020: Roof coating, construction of an additional parking space, update of energy certificates
- 2024: Balcony glazing, replacement of the waste shelter roof, smoke detectors
- 2025: Installation of fire stops in the floor slabs and roof of the top-most balconies
- 2026: Survey / Repair of Joints in Facade Elements
Upcoming Renovations (Maintenance Needs Assessment 2026–):
- Building additional parking spaces,
- Cleaning and adjustment of the HVAC system,
- Replacing mailboxes (already purchased; installation to follow),
- Replacement of heating post enclosures
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3 |
| Average condition of the kitchen | 3 |
| Average condition of bathrooms | 3 |
| Description | Condition | Impact on re-renting |
| 1 | Broken and requires immediate replacement or repair. | This will likely affect re-renting. |
| 2 | Clear signs of wear, but still usable. | May affect re-renting. |
| 3 | In habitable condition and meets the tenant's needs. | Unlikely to affect re-rental. |
| 4 | Very neat and in good condition. | Unlikely to affect re-rental. |
| 5 | In new condition. | Does not affect re-renting. |
The condition scores for each living space are averages based on detailed condition scores for the different rooms in the apartment. Check out the detailed condition scores for the apartment in the apartment materials!
Location of the destination on the map
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
Return on equity (ROE)
Required equity capital
Kuopio as an investment city
The City of Kallavesi, Growing at Its Own Pace
Kuopio is the regional center of Northern Savo, with a population of approximately 126,000, and the largest city in Eastern Finland, offering investors a stable and growing rental market. The city’s population has grown steadily in recent years, and according to the city’s own forecast, the population will reach approximately 137,000 by 2040. This growth, combined with a large student population, keeps rental demand steady throughout the year.
Kuopio is one of Finland’s most significant student cities. The University of Eastern Finland’s Kuopio campus and Savonia University of Applied Sciences ensure a steady demand for small apartments, and the knowledge hub currently under construction in the Savilahti area will bring education, jobs, and new housing to the same area. A particular strength of the city’s economic structure is the health and wellness sector, which attracts professionals from abroad and also drives demand for family homes.
From an investor’s perspective, the cost of living in Kuopio is significantly lower than in the Helsinki metropolitan area and other major growth centers, but rents have remained at a good level thanks to strong demand. This enables a good rental yield and positive cash flow with a moderate capital outlay. Train connections, the airport, and the city’s compact layout make daily life smooth for both students and working professionals. Kuopio is indeed a sensible choice for investors seeking the stability of a growing city at a reasonable price level.
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Aarne Urvas
Sami Suojala
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