Apartments With a Storage Room For Sale are increasingly sought after in Israel’s urban housing market. These properties combine standard living space with the added benefit of private storage, appealing to families, professionals, and investors alike. This guide provides a comprehensive look at the market, including pricing, demand, buyer profiles, and practical considerations.
Current Market Landscape
Price Analysis
The price of apartments with a storage room varies depending on city and neighborhood. On average, in Tel Aviv, such properties fall between ₪2.8 million and ₪4.5 million, with prices per square meter ranging from ₪40,000 to ₪60,000. In secondary cities such as Haifa or Be’er Sheva, the range is significantly lower, averaging ₪12,000 to ₪20,000 per square meter. Over the past two years, demand for apartments with storage has pushed prices up 5–10% above comparable units without storage.
Inventory and Demand
Storage rooms are not standard in every apartment, making them relatively scarce in older buildings but increasingly common in new developments. Demand is especially strong in dense urban centers where apartment sizes are smaller and residents require additional storage space. As a result, properties with storage often sell faster and at a slight premium compared to similar units without this feature.
Key Neighborhoods
- Tel Aviv – Florentin: Popular with young professionals, where compact apartments with storage are highly valued.
- Jerusalem – Arnona: Family-oriented neighborhood where storage rooms are practical for larger households.
- Haifa – Carmel Center: Mid-range buyers prioritize storage for lifestyle convenience in hilly terrain.
- Ramat Gan – City Center: High-rise developments often include dedicated storage spaces, appealing to investors.
- Modi’in: A planned city with modern construction standards, making storage rooms a common feature.
Ideal Buyer/Renter Profile
The typical buyer of apartments with a storage room is a family or professional couple living in dense urban areas with limited in-unit space. They seek storage for seasonal items, bicycles, baby equipment, or business-related goods. Investors also target these units, understanding that tenants often prioritize functional storage and are willing to pay a higher rent for it.
Advantages of Apartments With a Storage Room For Sale
- Additional storage space reduces clutter and increases apartment livability.
- Higher resale value due to consistent buyer demand for practical features.
- Rental premium, as tenants often prefer units with secure storage options.
Disadvantages and Challenges
- Higher purchase price compared to similar units without storage.
- In older buildings, storage rooms may be small, poorly ventilated, or inconveniently located.
- Maintenance fees can increase if storage rooms are part of shared underground facilities.
Practical Considerations
Buyers should account for associated costs such as municipal Arnona tax, which varies by city and apartment size, and Va’ad Bayit (building maintenance fees), which may be slightly higher in buildings with dedicated storage facilities. From an investment perspective, apartments with storage typically offer strong appreciation potential in urban areas and generate rental yields of 2.5%–4.5% annually, depending on location and property condition.
Market Comparisons
Compared to standard apartments without storage, apartments with a storage room command a noticeable premium. They appeal to a broader buyer base than compact studio units and offer a more practical balance of space than larger, more expensive multi-bedroom apartments. This positions them as a middle-ground option, combining affordability with functionality.
Frequently Asked Questions (FAQ)
Question: How much more does an apartment with a storage room cost compared to one without?
Answer: On average, buyers can expect to pay 5–10% more for an identical apartment that includes a private storage room.
Question: Are storage rooms always located within the apartment?
Answer: No. In many cases, storage rooms are located in the building’s basement or parking levels, though some modern designs integrate them within the apartment unit itself.
Question: Do storage rooms impact Arnona tax rates?
Answer: Generally, small storage rooms are not included in Arnona calculations, but this varies by municipality. Buyers should confirm with the local authority.
Question: Are these apartments good for investment purposes?
Answer: Yes, as they tend to rent faster, achieve slightly higher yields, and appreciate more steadily due to consistent demand.
The Expert Take
Apartments With a Storage Room For Sale represent a practical and high-demand segment of the Israeli housing market. Their scarcity in older buildings and growing inclusion in new developments make them valuable for both homeowners and investors. To discuss your specific needs, contact our real estate specialists for a personalized consultation.
