Investment Apartment Block for Sale Along 5th Avenue, Ongata Rongai

Property Overview

Presenting an exceptional income-generating investment opportunity in the heart of Ongata Rongai, this fully occupied apartment development is strategically located along the highly sought-after 5th Avenue. Set on approximately 0.5 acres (0.18 Ha), the property comprises three well-constructed residential blocks with a total of 14 spacious two-bedroom apartments, offering investors immediate and consistent rental income. The development has been thoughtfully planned to deliver strong cash flow while providing significant potential for future expansion, thanks to ample undeveloped space that can accommodate an additional apartment block. This combination of stable returns and development potential makes it an ideal acquisition for investors seeking both immediate income and long-term capital appreciation.

The property consists of two double-storey blocks, each housing four two-bedroom apartments, and one triple-storey block comprising six two-bedroom apartments. All 14 units are fully occupied, reflecting the strong rental demand within this rapidly expanding residential market. Positioned in one of Ongata Rongai's most established neighborhoods, the development enjoys excellent accessibility to Magadi Road, Lang'ata Road, schools, shopping centres, healthcare facilities, and public transport, making it highly attractive to tenants. With a sizeable land parcel, reliable occupancy, and room for further development, this investment presents a rare opportunity to expand an existing rental portfolio or secure a high-performing residential asset in one of Nairobi's fastest-growing satellite towns.

Property Features

The property sits on approximately 0.5 acres (0.18 Ha) and comprises three residential apartment blocks with a total of 14 spacious two-bedroom apartments. The development includes two double-storey blocks accommodating eight apartments and one triple-storey block with six apartments. All units are fully occupied, generating consistent rental income, while the generous plot provides adequate space for the construction of an additional apartment block. The property also benefits from excellent road access and a prime location within the established 5th Avenue residential neighborhood.

Investment Highlights

This property offers immediate rental income from fully occupied units, providing investors with a stable and reliable cash flow from the outset. The available space for future development presents an excellent opportunity to increase rental income and enhance the property's overall value. Located within a high-demand rental market experiencing sustained population growth and infrastructure development, the investment also offers strong prospects for long-term capital appreciation. Its strategic location, quality construction, and expansion potential make it suitable for both seasoned investors and developers looking to maximize returns.

Location Highlights

Situated along 5th Avenue, Ongata Rongai, the property enjoys convenient access to Magadi Road and Lang'ata Road, ensuring seamless connectivity to Nairobi CBD and surrounding suburbs. The neighborhood is well served by reputable schools, shopping centres, healthcare facilities, banks, places of worship, and public transport, making it one of the area's most desirable residential locations for long-term tenants.

Asking Price

KES 45 Million