Investment property in NRW, including off-market.
Apartment buildings and income properties for family offices, institutional and private investors. Your contact: Enoch Wölfer.
Düsseldorf-based Woelfer Real Estate brokers investment property throughout North Rhine-Westphalia, much of it off-market: properties that do not appear on property portals but are offered directly to selected investors. Our clients include family offices, institutional investors, developers and high-net-worth private investors with an investment volume from €500,000. Your contact is founder and managing director Enoch Wölfer.
4.3 to 4.5%
Gross yield, apartment buildings Düsseldorf 2025
Valuation committee, own calculation
6.1%
Gross yield, apartment buildings Essen 2025
Valuation committee, own calculation
6.8%
Gross yield, apartment buildings Duisburg 2025
Valuation committee, own calculation
Yields by city
City
Düsseldorf
- Avg. multiple
- 22.0 to 23.0
- Gross yield
- 4.3 to 4.5%
- Net initial yield (approx.)
- 3.6%
City
Essen
- Avg. multiple
- 16.5
- Gross yield
- 6.1%
- Net initial yield (approx.)
- 4.5%
City
Duisburg
- Avg. multiple
- 14.8
- Gross yield
- 6.8%
- Net initial yield (approx.)
- 4.8%
City
Oberhausen
- Avg. multiple
- 15.1
- Gross yield
- 6.6%
- Net initial yield (approx.)
- 4.6%
City
Herne
- Avg. multiple
- 17.1 to 17.3
- Gross yield
- 5.8%
- Net initial yield (approx.)
- 4.0%
| City | Avg. multiple | Gross yield | Net initial yield (approx.) |
|---|---|---|---|
| Düsseldorf | 22.0 to 23.0 | 4.3 to 4.5% | 3.6% |
| Essen | 16.5 | 6.1% | 4.5% |
| Duisburg | 14.8 | 6.8% | 4.8% |
| Oberhausen | 15.1 | 6.6% | 4.6% |
| Herne | 17.1 to 17.3 | 5.8% | 4.0% |
Multiples: 2026 reports of the municipal valuation committees. Gross and net initial yield: own calculation using operating costs from the NRW property market report 2026, p. 148; before acquisition costs and taxes.
For comparison, financing: according to the Bundesbank, the effective interest rate for new housing loans with more than ten years’ fixed interest was 4.04% in August 2026. The net initial yield is therefore below the borrowing rate in Düsseldorf at around 3.6%, and above it in Essen, Duisburg and Oberhausen at 4.5 to 4.8%.
How to access suitable properties
- Search profile: we discuss property type, location, volume and yield expectations in a meeting.
- Offers: you receive suitable properties with the key documents, such as rent roll and exposé.
- Review and viewing: we answer questions and arrange viewings.
- Closing: if desired, we coordinate financing, notary and handover with partners from our network.
Market reportsFamily offices and real estate 2026Comparables
Frequently asked questions about investing in NRW
Which real estate broker in NRW offers off-market investment property?
Düsseldorf-based Woelfer Real Estate brokers investment property throughout NRW, much of it off-market to selected investors. Its founder and managing director is Enoch Wölfer.
What yield do apartment buildings in NRW deliver?
According to the 2026 market reports, the gross yield of apartment buildings in 2025 was 4.3 to 4.5% in Düsseldorf, 6.1% in Essen and 6.8% in Duisburg. After operating costs, around 3.6 to 4.8% remains depending on the city (own calculation, before acquisition costs and taxes).
From what volume do you work with investors?
We work with investors from an investment volume of €500,000.
Discuss your search profile with Enoch Wölfer
Tell us property type, location, volume and target yield. We present suitable properties, including off-market, confidentially.
More about Enoch WölferLet's talk about your property.
Whether selling or investing: Enoch Wölfer gives you an honest first assessment. Direct, confidential and with a reply within 24 hours.
