A new road for Avan: Acharyan Street today, in numbers
Yerevan plans a road of about 3.6 km along the old railway line to take traffic off Acharyan Street. We looked at the flats for sale along the street: how far they are from the metro and what sellers ask.
On 2 November, at its weekly coordination meeting, Yerevan City Hall said it will build a new road of about 3.6 km along the old railway line, linking the Ulnetsi–Rubinyants road with Acharyan Street, with bike lanes, a tree-lined walkway and pedestrian crossings, to ease rush-hour traffic (Yerevan Municipality). The idea is not new. In April 2024 the city described the same 3.6 km link: from near the Almast factory, over a bridge and along the former railway, so that drivers could carry on without entering Acharyan Street (Yerevan Municipality, Factor.am). In March 2026 it was still described as being considered (Armenpress). No cost or start date has been announced.
The street and the planned link
Hrachya Acharyan Street is the dual carriageway that runs north–south through Avan, about 3 km long. For many people in Avan it is the way to the rest of the city, by car or by bus. Of the 92 flats for sale within 500 m of it, 65 are in Avan, 12 in Kanaker-Zeytun, 3 in Nor Nork and 2 in Arabkir; 10 sit outside our district outlines.
How far is the metro
From the flats along Acharyan Street to the nearest metro entrance it is 5.0 km in a straight line (the median: half of the flats are closer, half are farther). The closest is 4.2 km away, the farthest 6.3 km. For a typical flat in Yerevan it is 2.0 km. A real trip by road is longer than a straight line, and we do not estimate travel times.
Across Yerevan, flats close to the metro ask more per m², and beyond about 3 km the price stays roughly level ($1,770–1,840 per m²). This does not mean the metro sets the price: the flats closest to the metro are also closest to the centre, and the city centre is where prices are highest.
What a flat along the street asks
Within 500 m of Acharyan Street, the median asking price is $1,927 per m², about 9% below Yerevan's $2,115. The flats are also smaller: 65 m² against 77 m². The median asking price is about $132,000 against $155,000 for the city (each median is computed on its own, so price ÷ size does not give the price per m² exactly).
Along Acharyan Street and in Yerevan
Within 500 m of Acharyan Street
- Median price per m²
- 1,927 $/m² · as of 4 Nov 2026
- Median size
- 65 m² · as of 4 Nov 2026
- To the nearest metro
- 5 km · as of 4 Nov 2026
92 flats, mostly in Avan.
Yerevan
- Median price per m²
- 2,115 $/m² · as of 4 Nov 2026
- Median size
- 77 m² · as of 4 Nov 2026
- To the nearest metro
- 2 km · as of 4 Nov 2026
6,081 flats.
| Area | Flats | Median ($/m²) | Middle half ($/m²) | Median price ($) | Median size (m²) | To metro (km) |
|---|---|---|---|---|---|---|
| Within 500 m of Acharyan St | 92 | 1,927 | 1,585–2,205 | 131,893 | 65 | 5 |
| Avan district | 311 | 1,866 | 1,621–2,144 | 133,000 | 70 | 5.6 |
| Yerevan | 6,081 | 2,115 | 1,722–2,798 | 155,426 | 77 | 2 |
What a road can and cannot change
The new link is meant to give drivers a second way out of the north-east, so that not everyone has to use Acharyan Street at peak hours. It does not bring the metro closer. Whether it changes how long the morning trip takes, or what flats along the street ask, can only be seen once it is built. If work starts, we can measure the same 500 m strip again.