‘The Riverfront Trio’ – rare 3-apartment opportunity for sale | Daun Penh Riverside

23 Krala Haom Kong St. (118), Phnom Penh, Cambodia

'The Riverfront Trio' - rare 3-apartment opportunity for sale | Daun Penh Riverside

$390,000

+85517400700

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Property type: Apartment / flathouse
Offer type: For Sale
City: Phnom Penh
Neighborhood: Daun Penh , Riverside
Original Property ID: DP2.O8
Bedrooms: 3
Property size: 280 m²

Features

Air Conditioning
Balconies
Ceiling fans
Close to Aeon 1
Close to French Embassy
Development potential
EDC and Water State rates
Fully furnished
Good ROI
hard title
High ceilings
Parking nearby

Details

Positioned on the Phnom Penh Riverfront promenade in the prestigious Daun Penh district, this exceptional trio of one-bedroom apartments represents one of the most compelling real estate opportunities currently for sale in Cambodia’s capital city. Three self-contained units across the 4th and 5th floors of a well-established building, each commanding unobstructed panoramic views of the Mekong — and the iconic Tonle Sap confluence that makes this stretch of river one of the most photographed in Southeast Asia.

The apartments are being offered for sale as a combined package — ideal for an investor seeking immediate rental income, a developer exploring boutique residential conversion, or an owner-occupier wanting to live in one unit and lease the others. With a hard title, secure stairwell access, and the structural potential to install a private elevator, this property offers both liveability and long-term investment upside in a market increasingly driven by genuine end-user demand.

“Three apartments. One address. An unbeatable view of the river that has defined Phnom Penh for centuries.”

Apartment designed for living well

Panoramic River Views: Unobstructed 180° Mekong panorama from private terraces — one of the finest vantage points on the entire riverside promenade, perfect for watching the River Festival.
Cathedral Ceilings: Generous high ceilings throughout create a rare sense of volume and airiness that modern condominium developments simply cannot replicate.
Treated Hardwood Floors: Rich, warm hardwood flooring runs throughout the upper floors — a premium finish that adds character and durability rarely found at this price point.
Fully Furnished: Each apartment is tastefully and fully furnished with entertainment in mind — move-in ready for owner-occupiers or immediately lettable for investors.
Luxury Bathrooms: Generous bathroom suites with full bathtubs, high ceilings, and natural ventilation through characteristic glass-block skylights — a design detail of another era.
Private Terraces: Unusually large private terraces — a rarity in Phnom Penh’s dense urban core — with direct river sightlines and space for outdoor dining or a planted garden.
Galley Kitchen: Well-appointed galley kitchens with island benching, providing efficient, comfortable cooking space — a practical amenity that appeals to long-term tenants.
A/C & Hot Water: Full air-conditioning throughout and hot water in all bathrooms. EDC state electricity rates and metered water — lower running costs for owner and tenant alike.
Hard Title & Elevator Potential: Freehold hard title ownership with the stairwell structurally configured to accommodate a private elevator installation — rare future-proofing for a riverside building of this character.

Original ID: DP2.O8

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Riverside: the real downtown

Day and night Riverside is busy. It is probably the real downtown Phnom Penh where the oldest parts of the city are located.

I am referring to Wat Phnom, Phsar Chas, Phsar Kandal, Chey Chumneas and Chaktomuk and the Royal Palace and National Museum of course!

Preah Sisowath (honoring King Sisowath 1904 to 1927 reign) is the avenue / boulevard running along the riverfront.

It starts at the Buddhist Institute near Sothearos Boulevard. Then continues north to the Japanese Bridge where it becomes National Road 6 leading north to Battambang.

Generations of days gone by have left their footprints from Angkor kings to French colonists to UN troops.

Riverside witnesses the confluence of the Mekong, Tonle Sap and Bassac rivers and where the Water Festival is best viewed each November.

It is always stunning, especially at sun up and sundown.

In Riverside, there is a wide selection of restaurants, wellbeing services, hotels, shops and bars aimed at tourists.

Among the restaurants, you will find good selections – German, Italian, French, Chinese, Korean, Japanese, Vietnamese, Thai, Indonesian and Malaysian.

A personal reflection on Riverside

Street 172 is punctuated with $3 massage joints and bars occupied by grey faces framed with light grey hair.

Yet, just around the corner, Street 178 is now arguably the rising art gallery district of Phnom Penh with the University of Fine Arts a stone’s throw away.

This is the dichotomy of Riverside and the attraction of opposites that makes it such an interesting place!

Friends Café has made a bold statement and the Mansion House seems to be waiting for reincarnation.

Now the Hyatt has opened its doors to the Jet set, it may well be a different designer-schmick precinct to what is currently now.

In fact, when you look up along 172, the standard of shophouses is somewhat ‘better’ than in other parts of the city: it could be the rising star of Daun Penh and Riverside.

In the streets around Riverside, there is a sense that there are too many hostess bars, each vying for a shifting slice of the tourist and expat pie.

Rents will rise with the inevitable escalation of land values and the ROI of each vendor’s patch will become more and more critical as the clock ticks.

Looking at Phsar Kandal and the open block where Prey Sar prison once sat, one can’t help but wonder what’s coming next.

Given its proximity to the riverfront and the 172 and 178 ‘sweet spot’, maybe there is something special waiting in the sidelines, something for the inspired new generation.

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