
Portfolio of Six Apartments, Behan Square, 12-16 Russell Street, Dublin 1, D01N567, Dublin 1, DublinD01N567
€1,800,000
2 Bed~1 Bath~70 m²~BER C1
What you'll like:
- Established rental income: The portfolio generates a gross annual rental income of over one hundred forty-one thousand euros, providing an immediate and continuous cash flow stream for the incoming investor without any initial void periods.
- Prime urban location: Situated near the city centre and adjacent to Croke Park, the property guarantees high tenant demand and long-term capital appreciation due to its unbeatable urban convenience.
- Comprehensive multi-unit scale: Acquiring six two-bedroom apartments in a single transaction allows an investor to achieve substantial portfolio scale instantly while significantly reducing management overhead compared to single-unit acquisitions.
- Established tenancy history: All six apartments are fully let with existing tenants in place, minimizing startup leasing friction and ensuring that yield is realized from day one of ownership.
- Desirable property configurations: Each unit offers two well-proportioned double bedrooms, which represents the most liquid and sought-after rental format for professional sharers and small families in the capital.
- Outdoor amenity space: Residents benefit from balcony access in the living areas and a shared rooftop terrace with stunning city views, greatly enhancing tenant retention and overall rental attractiveness.
- Underground parking provisions: Three of the apartments feature designated underground parking spaces, offering a rare and valuable commodity in this densely populated city-centre environment.
- Strong public transport connectivity: The development is within comfortable walking distance of Drumcondra Train Station, Connolly Station, the Luas, and numerous bus routes, maximizing accessibility for commuters.
- Solid energy efficiency ratings: The building holds a C1 energy rating, which indicates moderate thermal efficiency and helps tenants manage utility costs while complying with modern letting expectations.
- Diverse tenancy commencement dates: Tenancies started across various years ranging from two thousand eight to twenty twenty-three, demonstrating historical stability while offering opportunities for future rent reviews.
- Robust rental growth evidence: Individual monthly rents range up to over twenty-one hundred euros, reflecting strong market demand and the potential for gradual yield optimization across the entire asset base.
- Central lifestyle amenities: Schools, major shopping districts, diverse restaurants, and local parks are all within immediate walking distance, ensuring continuous appeal for urban-dwelling tenants.
- Elevator service availability: The inclusion of an elevator improves accessibility across the upper floors, making the apartments more attractive to a wider demographic of potential renters.
- Gas-fired central heating: Each unit is equipped with individual gas-fired central heating systems, allowing tenants to independently control their heating and reducing landlord maintenance complications.
- Transparent pricing history: The asking price has remained stable at one million eight hundred thousand euros since tracking began, providing clarity for underwriting and financial modeling without erratic price fluctuations.
- Wholesale acquisition efficiency: Purchasing six units simultaneously avoids the legal fees, bidding wars, and transactional friction associated with acquiring multiple separate properties across different developments.
- Professional management potential: The scale of a six-unit block makes it economically viable to employ professional property management or streamline internal operations for maximum efficiency.
- High rental liquidity: Two-bedroom units in Dublin 1 traditionally experience very low vacancy rates, ensuring that any future tenant turnover can be managed swiftly with minimal downtime.
- Established development context: Behan Square is a well-known residential complex, meaning that common areas, management structures, and service charge histories are already established and testable.
- Favorable gross yield profile: Based on the asking price and current rent roll, the portfolio delivers an appealing headline gross yield that compares favorably against traditional bank deposit rates.
But keep in mind:
- Significant capital requirement: The hefty asking price of one million eight hundred thousand euros demands substantial equity or sophisticated syndication, limiting the pool of potential buyers.
- Potential rent control constraints: Given that several tenancies commenced many years ago, the buyer must verify whether Rent Pressure Zone regulations restrict immediate market rent increases.
- Existing tenancy terms review: The buyer should carefully inspect all legacy lease agreements to ensure compliance with current housing legislation and to identify any below-market rents that require adjustment.
- Owners management company scrutiny: Investigating the annual service charges, sinking fund balances, and the financial health of the owners management company is crucial to avoid unexpected special levies.
- C1 energy rating limitations: While functional, a C1 BER rating falls short of top-tier energy efficiency, and future regulatory tightening could necessitate capital expenditure to upgrade heating or insulation.
- Maintenance liability concentration: Owning half a dozen units in one block means that localized structural issues, roof repairs, or facade maintenance could indirectly impact the investor's overall asset value.
- Legacy tenant stability risks: Tenancies dating back to two thousand eight or two thousand nine may involve legacy occupants who could resist significant rent reviews or prompt complex tenant relations.
- Underground parking disparity: Only half of the apartments include parking spaces, which may create leasing imbalances or require differential rental pricing between the parked and unparked units.
- Elevator maintenance costs: Multi-story blocks with elevators often face high ongoing maintenance and modernization charges that are passed down through annual service fees to unit owners.
- High density urban environment: The inner-city location near Croke Park can experience heavy event-day congestion, noise, and traffic disruption, which might deter certain long-term demographics.
- Lack of property type clarity: The untrusted listing data omits the precise structural legal classification, requiring thorough legal verification regarding leasehold versus freehold or long-lease structures.
- Future capital expenditure needs: Given that some tenancies have run for over a decade, interior wear and tear in those specific apartments may necessitate refurbishment costs upon eventual tenant turnover.
- Financing complexity: Securing commercial or multi-unit residential investment finance can involve stricter lending criteria, higher interest rates, and rigorous underwriting compared to standard residential mortgages.
- Market liquidity on exit: Selling a portfolio of six units in one line limits the future buyer pool primarily to institutional or high-net-worth investors rather than standard retail home buyers.
- Service charge inflation risk: Rising insurance and maintenance costs across Dublin multi-unit developments could compress net rental yields if service charges outpace achievable rent increases.
- Localized security considerations: Central Dublin locations occasionally grapple with antisocial behavior or security challenges, making comprehensive security measures and common area lighting vital.
- Historical price stagnation signal: The lack of price movement since tracking commenced could indicate an ambitious initial asking price or a seller holding firm in a cooling investment climate.
- Omission of detailed floor plans: Detailed architectural floor plans require physical verification to ensure that the stated square footage aligns with usable living space across all six properties.
- Potential fire safety compliance: The buyer must commission a professional engineering report to confirm that the multi-unit block fully complies with current fire safety and building regulations.
- Rental legislation volatility: Frequent changes in residential tenancy laws in the jurisdiction require proactive legal oversight to ensure ongoing compliance and protection of landlord rights.
Price positioning
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- The asking price appears somewhat undervalued given the impressive gross rental income of over one hundred forty-one thousand euros per annum, yielding a strong initial return on the total capital requested for six city centre apartments.
- Valuation signals heavily reflect the established multi-unit nature of the portfolio, where holding six tenanted properties in a prime urban location near major transport links typically commands a premium for immediate cash flow generation.
- Factors supporting this price point include guaranteed rental streams and central convenience near Croke Park, though potential risks like tenant turnover, maintenance costs, and future regulatory changes could undermine long term investment appeal.
- The stable asking price history without reductions suggests confident seller positioning, appealing directly to institutional or private investors seeking scale without the immediate hassle of sourcing tenants for individual units across the capital.
Build Analysis
What we know from similar construction types
- The property comprises a portfolio of six two-bedroom apartments located within the Behan Square development, offering well-proportioned accommodation with open-plan kitchen, dining, and living areas, balconies, and access to a shared rooftop terrace.
- Three of the apartments include designated underground parking spaces, while all units benefit from gas-fired central heating and elevator access.
- A buyer should investigate the management company structure, annual service charges, sinking fund provisions, and the overall maintenance history of the multi-unit development.
- Compliance with current fire safety and building regulations for multi-unit residential blocks should be independently verified by a surveyor or legal representative.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost is approximately 800 to 1200 euro per apartment.
- This estimate is based on the C1 energy rating and a floor area of approximately 70 square metres per unit, assuming standard gas-fired central heating usage.
Pollution Safe
8/10Environmental situation to investigate
- The property is located in an established urban setting without notable heavy industrial facilities or active large-scale waste management sites in immediate proximity.
- Any historical urban land uses or legacy industrial considerations typical of inner-city Dublin should be independently verified by prospective buyers.
Flood Safe
8/10Water overflow reports to follow up
- The location is generally situated away from major coastal or designated high-risk river flood zones, though general urban surface water pooling during intense rainfall events can occasionally occur in low-lying city areas.
- Buyers are advised to review official local authority flood maps and carry out standard environmental due diligence to confirm specific site resilience.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
No verified results were found for this group in the previous five years.
Recent sales in the wider Dublin 1 area
12 RUTLAND PLACE NORTH, NORTH CIRCULAR ROAD, DUBLIN 1
- Sale date
- Declared sale price
- €438,000.00
APT 3 BLOCK 5, CLARION QUAY, EXCISE WALK DUBLIN 1
- Sale date
- Declared sale price
- €380,000.00
23 GLOUCESTER SQ, RAILWAY ST, DUBLIN 1
- Sale date
- Declared sale price
- €545,000.00
175 SKELLIG HOUSE, CUSTOM HOUSE SQ, LOWER MAYOR ST DUBLIN 1
- Sale date
- Declared sale price
- €367,000.00
319 BACHELORS WALK, DUBLIN 1, DUBLIN
- Sale date
- Declared sale price
- €307,500.00
Source: Property Services Regulatory Authority (PSRA), Residential Property Price Register (PPR). Matching uses address information published by the PPR rather than measured map distance. It may omit nearby properties on differently named streets.
Last Sale
A confidently matched previous PPR transaction for this property
No confidently matched previous sale was found in the Property Price Register.
Buyer fees*
Associated expenses guide
- Estimated stamp duty: €38,000 — 1% of €1,000,000 + 2% of €500,000 + 6% of €300,000.
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Based on the asking price shown on this page, using standard residential stamp-duty rates. No adjustments are made for VAT, reliefs, mixed-use property or additional land. The final purchase price and your circumstances may change the amount payable.
- Solicitor legal fees: approximately 1500 to 3000 euro plus VAT for a multi-unit investment purchase of this scale.
- Land registration fees: approximately 600 to 800 euro depending on property values and folio complexity.
- Property valuation fees: approximately 150 to 300 euro per apartment or a negotiated bulk fee for the portfolio.
- Surveyor fees: approximately 1000 to 2000 euro for a comprehensive structural and building survey of the six units.
- Annual home insurance: approximately 300 to 500 euro per unit or structured via a block policy for the development.
Forum Talk
What people are saying about this area
- Residents in the Dublin 1 area frequently discuss the convenience of city-centre living combined with the close proximity of Croke Park.
- Local forums often highlight ongoing discussions regarding public transport connectivity, including bus routes, the Luas, and proximity to Connolly and Drumcondra stations.
- Community conversations regularly focus on urban regeneration projects and amenities available around the North Circular Road area.
- Property investors and local residents frequently share insights on rental demand and multi-unit investments in the inner city.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children3/10
This property comprises a portfolio of six apartments sold as a single investment, which is not suitable for a family with young children to occupy as a home. However, buyers should investigate the local childcare facilities if purchasing for residential use later.
- Teenagers3/10
The apartments feature two bedrooms each and are currently fully let as an investment portfolio, meaning they do not function as a standard family home for teenagers.
- Multi-generational Living4/10
While owning multiple apartments in the same block offers a unique configuration, they are separate individual units rather than a single multi-generational family dwelling.
- Single Buyers2/10
The entire portfolio is offered at an asking price of €1,800,000, making it largely inaccessible for individual first-time or single home buyers unless they are acquiring the entire multi-unit investment.
- Couples3/10
Each apartment offers two bedrooms, but the portfolio is sold as a single commercial residential investment opportunity rather than a home for a couple.
- Empty Nesters3/10
The units provide low-maintenance apartment living, but the asset is packaged as a whole portfolio of six tenanted apartments, suited for investors rather than downsizers seeking a single residence.
- Retirees3/10
An elevator and apartment living offer practical benefits, but purchasing six tenanted units as an investment portfolio is typically targeted at commercial or portfolio landlords rather than retirees looking for a single home.
Work
3 areas- Remote Working8/10
The two-bedroom layouts with open-plan living areas provide workable spaces for home offices if units become vacant.
- Hybrid Commuting10/10
With Drumcondra Train Station, Connolly Station, various bus routes, and the Luas within comfortable walking distance, hybrid commuting is exceptionally convenient.
- Retired5/10
While transport and amenities are highly accessible, the property itself is sold as a commercial investment portfolio rather than a retirement residence.
Practical
8 areas- Ageing in Place7/10
The presence of an elevator helps accessibility, though buyers should verify the long-term maintenance provisions and suitability of the building layout for aging tenants or owners.
- Low Maintenance8/10
Apartment developments typically offer lower exterior upkeep, and the established tenancies provide turnkey operational management for investors.
- Secure Gated Entry7/10
Features designated underground parking for three of the apartments and controlled access points typical of modern apartment developments.
- Minimalist Design8/10
The open-plan kitchen, dining, and living room layouts lend themselves well to a clean, contemporary, and minimalist aesthetic.
- Flexible Floor Plans5/10
Standard two-bedroom apartment layouts offer limited internal flexibility compared to detached houses.
- Heritage Home1/10
The development consists of modern apartments rather than period or heritage properties.
- Ecological Setup6/10
The apartments achieve a C1 BER rating, though buyers should investigate potential energy efficiency upgrades to improve the rating further.
- Outdoor areas6/10
Each unit benefits from balcony access, complemented by a shared rooftop terrace that provides panoramic views across the city.
Interests
9 areas- Gardening2/10
Private outdoor space is limited to balconies and a shared rooftop terrace with city views, offering virtually no traditional gardening opportunities.
- Walking9/10
The central location allows for exceptional walkability to the city centre, local parks, shops, and public transport hubs.
- Gym8/10
Being positioned close to the city centre provides easy access to numerous commercial fitness centres and wellness facilities.
- Cycling8/10
Urban positioning makes cycling a viable and efficient mode of transport for commuting and recreation around the city.
- Golf5/10
While there are no golf courses directly on the doorstep, various metropolitan golf clubs can be reached via transport links.
- Fishing2/10
The inner-city location offers minimal proximity to local fishing spots, requiring travel outside the immediate area.
- Horse Riding1/10
Equestrian facilities are absent from this dense urban environment.
- Water Sports4/10
Proximity to the River Liffey and Dublin Bay via transport links provides some access to aquatic activities, though not immediately adjacent.
- Entertaining7/10
The open-plan kitchen, dining, and living areas combined with a shared rooftop terrace offering stunning city views provide good spaces for hosting and socialising.
Lifestyle
5 areas- Quiet Living4/10
Located in an established city-centre setting near Croke Park, residents experience typical urban activity and vibrancy rather than quiet seclusion.
- Rural Living1/10
The property is situated in the heart of Dublin 1, completely devoid of rural characteristics.
- Village Living5/10
Proximity to local amenities, shops, and restaurants provides a community-focused neighborhood feel despite its central urban location.
- Coastal Living1/10
The address is set inland within the north inner city of Dublin, with no direct coastal proximity.
- Urban Living10/10
This is a prime city-centre multi-unit residential investment situated within walking distance of Dublin's core amenities, transport links, and Croke Park.
Social
6 areas- Community Involvement6/10
An established urban neighborhood offers standard community networks, though apartment living often involves transient tenant populations.
- Café Culture9/10
The central Dublin location places numerous cafes, restaurants, and social spots within easy walking distance.
- Nightlife9/10
Being situated in Dublin 1 ensures immediate access to the city's extensive nightlife, pubs, and entertainment venues.
- Health/Wellness groups8/10
Urban density guarantees a wide variety of local health, fitness, and wellness groups nearby.
- Networking Opportunities9/10
The city-centre setting is ideal for professionals seeking proximity to business hubs and networking events.
- Tech-Hub Connectivity9/10
Close proximity to Dublin's primary commercial and tech districts ensures excellent digital and physical connectivity.
Listing information
- Agent
- Galvin Property & Finance
- Phone
- 01 496 4612
- Current status
- active
- Published on HouseDelve
- 25 October 2026
- Correction
- Report an issue
HD-0C77B3HouseDelve · Republic of IrelandReport checks
Sources used: Public marketplace, Property Price Register, and grounded web research where available.
Automated quality checks: Passed
* Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.