Location: Jelgavas street 14, Riga, Latvia
The property is situated in one of the most attractive investment areas of Pardaugava, which has established itself as a functional and cost-efficient alternative to central Riga. With comparable transport accessibility, acquisition prices here are lower, while rental demand remains stable and continues to grow.
Tornakalns stands out for its high liquidity: quick access to the city center, the Mukusala business district, and major transport arteries, combined with well-developed daily infrastructure. Within just a few minutes’ walk are the Delfi Business Center, Riga Plaza, and the University of Latvia, further enhancing convenience and long-term attractiveness.
The area also offers a pleasant living environment with green spaces and parks nearby, providing a high quality of life and attractive views from the apartments. This creates a broad pool of potential tenants, including students, young professionals, and long-term residents.
A key driver of demand is the active development of the University of Latvia academic campus. In the near future, new buildings will be added to the existing facilities, ensuring an inflow of thousands of students and qualified professionals. Given the limited supply of new residential projects in the area, the shortage of quality apartments supports stable rental income and long-term capital appreciation potential.
Uniflow Apartments & Co-living is a new six-storey comfort-class project offering 189 apartments and spacious, functional common areas on the ground floor. The project is designed for those who value energy efficiency and a modern urban environment. Advanced technical solutions and materials were used in construction, including six-chamber selective glazing, ensuring low resource consumption and maximum thermal insulation. All apartments are offered fully finished and furnished, allowing immediate operation or rental upon purchase. For additional convenience, parking spaces are available in the courtyard.
Building status: Dienesta viesnīca (service-type hotel) — apartments (premises for short-term stay).
Current construction status: The building is completed; additional internal engineering networks, interior finishing works, and site landscaping are required.
Land plot: Total area — 3,907 m² (private ownership).
Building Specifications
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Total building area: 4,541 m²
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Number of above-ground floors: 6
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Number of apartments: 189
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Ground floor: 174.3 m² (apartment sizes from 15.4 m² to 31 m²), plus adjoining premises of 539.7 m²
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Usable area (floors 2–6): 2,803.8 m² (apartment sizes from 11.8 m² to 25.3 m²)
Parking
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Car parking spaces: 12
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Bicycle parking spaces: 220
Construction Characteristics
Floor slabs are precast reinforced concrete panels with a thickness of 320 mm between the basement and the ground floor and 220 mm on other floors, with precast reinforced concrete beams. External walls are made of 300 mm expanded clay blocks with insulation and decorative plaster finishing. Stairwell walls and elevator shafts are monolithic reinforced concrete; stair flights are precast reinforced concrete. The building features a combined roof with internal drainage, finished with a PVC roofing membrane.
According to acoustic comfort requirements, the building is classified as Class C, which requires minimum sound insulation standards at the design stage. The design solutions ensure sound insulation of internal enclosing structures in compliance with LBN 016-15 standards (Appendix No. 3) and limit indirect noise transmission through adjacent structures. For hotels, the standard sound insulation between bedrooms and between bedrooms and common areas is at least 53 dB, and between a room and a corridor or stairwell at least 33 dB.
Two types of partitions are used between apartments:
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partitions made of 300 mm expanded clay blocks with plasterboard cladding on a frame (50 mm) — sound insulation ≥ 53 dB;
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partitions with a double frame and double cladding of fire-resistant plasterboard W115 KNAUF — sound insulation 59 dB.
Suspended ceilings are предусмотрed in lobbies and corridors to improve acoustic performance.
Financial and economic indicators are available via a link.
Investor Offering
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Sale price for the entire property: USD 11.3 million
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Apartment sales: units from 11.8 m² to 31 m², prices starting from EUR 40,000 (yield of 7–11% per annum)
