5 400 000 €

5 844.79 €/m²

Kopli tn, Balti jaama turu ja Telliskivi loomelinnaku vahetus läheduses

Põhja-Tallinna linnaosa, Tallinn, Harju maakond

A Unique Opportunity – Investment and Development Package in a Rapidly Growing Area of Tallinn

An exceptional opportunity to acquire an INVESTMENT and DEVELOPMENT PACKAGE in a rapidly developing area of Tallinn, offering multiple possibilities. The property is just a few minutes’ walk from Balti Jaam Market and the Telliskivi Creative City.

This property is a gem on its own – a quiet inner courtyard, large deciduous trees, and young apple trees create a cozy and unique environment.


What is for Sale:

Renovatable Apartment Building
Year of construction: circa 1946
4 floors, 12 apartments (ground floor apartments partially on basement level; third-floor apartments extend to the attic)
Usable area: approx. 630 m²
Renovation project and valid building permit available – ready for immediate construction
Electricity, water, sewer, and gas connections ready
Suitable as a development project, rental portfolio, or even a private residence
Renovated Street-Facing Buildings (Malmi 3/1 and 3/2)
Original construction: 1911, fully renovated in 2014
Usable area: approx. 295.9 m² across both buildings
Malmi 3/2 houses a commercial unit
Malmi 3/1 apartments can be used together or separately. All duplex apartments on the second floor are included in the sale package
Malmi 3/1 contains 5 apartments, 3 of which are part of this sale package
Various sizes and layouts, multi-level apartments, saunas, bathrooms, kitchens, balconies
Separate entrances
Renovation preserved as many original details as possible, with added basement and attic floors
Maximum use of natural materials, original-style wood windows, solid wood doors
Floors: white-oiled pine and oak boards
Bathrooms: Villeroy & Boch tiles, Duravit sinks, etc.
All utilities updated (water, electricity, sewer, heating, etc.)
Apartments equipped with forced ventilation (Komfovent) for high-quality indoor climate
Parking spaces included in the sale according to the existing project
Malmi 3/1 apartments are ready for immediate rental or residence
Total usable area for sale: approx. 923.9 m²

Investment Potential
The renovatable apartment building allows for:

Sale of new apartments
Long-term rental portfolio development
Option to design a new building or replace the existing structure

Renovated apartments provide immediate cash flow.
The structure of the property and buildings allows a flexible strategy according to the buyer’s objectives.

Balanced Garden and a Unique Urban Environment
Over the years, a balanced and nature-friendly garden has been created on the property. In summer, the courtyard takes on a life of its own. Over time, this property has been shaped into a natural and harmonious garden that offers a rare level of biodiversity in the heart of the city. On summer mornings, goldfinches feed on thistles alongside their young, a blackbird sings from its favourite tree, wagtails and greenfinches go about their business in the garden, and redstarts perch along the garden’s edge. A crow keeps watch from the rooftop antenna, while bees and butterflies move from flower to flower and sparrows and tits splash about in the birdbath.

At dusk, a hedgehog comes into the garden to forage, and from time to time August, Kalamaja’s famous cat, politely strolls through the courtyard. This is a truly special and vibrant environment that is difficult to capture in photographs or descriptions—it is something that must be experienced in person.
The new owner’s task is to maintain and enhance this balance of nature, preserving the property’s unique and rich environment.

A Rare and Special Opportunity
An old, characterful property awaits a new owner to continue its story successfully. This is not an ordinary investment – it is a chance to create something more while preserving a unique environment balanced between nature and city life.

Additional Information
Detailed information (projects, solutions, feasibility, photos) will be shared only with serious buyers. Proof of financial capacity may be requested before documentation is shared.

Reason for Sale
The owner is focusing on other development and investment projects close to their heart, making this a rare opportunity to acquire this package.

Info: In April 2026, the Tallinn City Government submitted for council approval a detailed plan for the area surrounding Telliskivi Street 62 and 64. The plan allows for the development of a 3.12-hectare site, including the expansion of the Balti Jaam Market, construction of a hotel and office building up to seven stories, a 33.4-meter-high landmark building, and the renovation of the historic depot building.

Public squares, pedestrian paths, and a park area with tall greenery are planned between the buildings. The spatial design will connect Balti Jaam Market, Telliskivi Creative City, and Kalamaja, while improving pedestrian and light traffic connections.
https://astri.ee/grupp/astri-keskkonnad/astri-arendused/list/arendus/balti-jaama-turu-ja-balti-jaama-turu-hoovi-laiendus-telliskivi-62-ja-64-detailplaneering/


For additional information and to arrange a viewing, please contact us by email: [email protected]