Turnkey Investment in Tel Aviv's Old North – Renovated 3-Room on Shlomo HaMelekh

What if your next investment came with a tenant already in place and a address that never goes out of style?

Nestled on one of the Old North's most coveted tree-lined streets, this impeccably upgraded 3-room apartment delivers exactly that. Spanning 70 sqm across a bright first floor, the layout is thoughtfully optimized to maximize every square meter — currently priced at approximately 71,300 NIS/sqm, competitive for this blue-chip corridor.

The apartment underwent a full architectural overhaul as part of a recent TAMA 38 project, meaning the building itself has been future-proofed: new elevator, robotic parking, and refreshed common areas are already in place. Inside, expect Semel kitchen cabinetry, VRF climate control, custom built-ins, and a private 8 sqm balcony overlooking quiet greenery — plus a secure mamad room.

For investors, the numbers speak clearly: the property is currently tenanted at 12,000 NIS/month, generating an estimated 3.2% gross yield from day one. Rabin Square, Dizengoff Center, HaYarkon Park, and the Mediterranean beaches are all within walking distance — the kind of location that keeps vacancy rates low and tenant quality high.

Asking 4,990,000 NIS — below comparable post-TAMA developer pricing in the neighborhood.

Explore this listing and discover more Old North opportunities at realestate-telaviv.com.