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AI Investment Summary
Final score
Not enough data for an accurate score
60
Liquidity
60
Net yield
6.6%
Capital growth
32
ADR
$91
Occupancy
39%
Annual net rent
$9,689
Primary Strategy: Balanced

Overview

Argo Family (Argo Group XXI) Key benefits: 8 min walk to the beach. 8-storey residential building. 3m ceilings. Green frame finish. Location: 22 Nikoloz Baratashvili St, Batumi. Near Batumi Sea Port (740m), Argo cable car station, 20 min from airport. Tech: Monolithic-frame. Architectural lighting. High-capacity elevator. Amenities: Gated courtyard, commercial spaces on ground floor (grocery store, coffee shop, yoga studio), 24/7 video surveillance. Units: Studios, 2-3-room apartments (44–62.2 m²). Ceilings 3m. Green frame finish. Purchase terms: Installment plans. Current discounts available.

Project details

Sales status· AvailableDelivery· 2026Area range· 44-62.2 m²

Finish options

Green frame

Construction technology

Monolithic frame

Elevators

Yes
Layouts
Layouts are not published for this project yet.
Location

Old Town: Historic Charm in the Heart of Batumi

Batumi’s Old Town is one of the city’s most distinctive and atmospheric districts, known for its narrow cobblestone streets, 19th-century architecture and proximity to the seaside boulevard. The area is home to the port, Europe Square, popular restaurants, cafés and souvenir shops, creating a lively urban atmosphere throughout the day and evening.

Pros: Excellent walkability, with major attractions, restaurants and the waterfront close by; a unique historic atmosphere; sea, city and mountain views from selected properties; and strong demand for short-term rentals due to the central location.

Cons: Street noise can be noticeable, particularly in the evening and during the tourist season. Parking is limited, property prices are generally among the highest in Batumi, and many older buildings may require renovation or additional maintenance.

Who it suits: Investors focused on short-term rental demand in central Batumi; international buyers and expats who value historic architecture and an authentic urban atmosphere; and younger residents who prefer a walkable lifestyle without relying on a car.

City
Batumi
District
Old Batumi
Address
Nikoloz Baratashvili St, 22
Argo Group XXI is a Georgian real estate developer with market history since 2017 and 2 completed projects and 2 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Stepane Zubalashvili st.12a, Argo Family, Mamia Komakhidze St, 97, and Revaz Komakhidze St, 7. The portfolio has a clear focus on central Batumi, one of the more recognizable Batumi search locations. The offer is most relevant for buyers who prioritize a specific city location and want to compare the project on its own merits.
More about the developer

Argo Family

Batumi, Old Batumi, Nikoloz Baratashvili St, 22

Price from
$121,000
Price per m²
$2,750 / m²