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Available for sale is a newly built and well-structured block of five flats located in the rapidly developing and high-demand Abaranje area of Ikotun, Lagos, offering excellent potential for consistent rental income and long-term capital appreciation. This investment-ready property comprises five units of spacious mini-flats, along with three functional roadside shops, all within a fully fenced and gated compound with a solid floored environment for neat drainage and ample parking. Sitting comfortably on a full plot of land, the property is strategically positioned along Abaranje Road with proximity to key transport links, markets, and residential clusters, making it highly attractive for tenants and commercial users. Whether you are looking to invest in Lagos real estate or seeking a secure source of steady returns, this property delivers a solid return on investment (ROI) with both residential and commercial use potential. Title documents include Receipt and Registered Survey, and the net asking price is ₦55 million.
8998
Property Ref: 2989316 | Added On: 21 Jul 2025 | Last Updated: 21 Jul 2025 |
Market Status: Available | Type: Flat / Apartment | Bedrooms: 5 |
Total Area: 670 sqm |
Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Adekunle Gold was also raised in the neighbourhood.
Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within the area.
Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and Diamond Estates provide reasonably priced properties.
Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery.
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Solid Steps International School, and Molan Schools.
Read the full area guide for Ikotun, Lagos.
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