🏙️ Location

Centrally located between Alameda and Areeiro, just 2 minutes from the Metro and 10 minutes from Lisbon Airport, this art deco style asset sits in one of the most dynamic and well-connected areas of Lisbon. The location offers high demand for both long-term rentals and premium short-stay opportunities, making it ideal for institutional and professional investors.

🏢 Asset Summary

Property Type: Entire building under Horizontal Property Regime

Total Units: 14 residential + 1 commercial (Loja + Subl. Cave)

Total Floors: 8 (Basement + Ground + 5 upper floors)

Configuration: Two units per floor – Left & Right

Total Gross Private Area: 4,080.00 m²

Land Area: 641.25 m²

Building Footprint: 420.00 m²

Vacant Units: 4 residential units currently vacant

Lease Type: All residential units on annual contracts — flexible and easily renegotiable or terminable

🏢 Key Investment Highlights:

14 residential units, of which a significant number are currently vacant (30%), allowing immediate repositioning and value-add potential.

Annual lease contracts in place across the tenanted units – all easily updatable or terminable, offering maximum flexibility to investors.

Current gross rental income totals €300K /year, with upside potential through rent updates, unit renovations, and repositioning.

Several units are in very good condition, while others may benefit from refurbishment.

The overall structural and architectural condition of the building is strong, with no major capex expected in the short term.

Pricing below €1M per unit, offering an attractive entry point for prime Lisbon multi-family assets in a core location.

📈 Repositioning & Upside Strategy

Uncommon unit sizes (~200m² / T6) open the door to premium positioning:

– Luxury family apartments for expats

– Subdividing into 2 x T3 per unit (subject to licensing), creating up to 28 apartments

– Co-living strategy across 6-bedroom layouts with high per-room revenue

– High-end short/mid-stay serviced apartments

A rare Lisbon core-plus multifamily asset delivering €300,000 in income at 70% occupancy, with immediate upside through re-leasing, unit modernization and long-term capital appreciation. Located in a high-demand metro-connected neighborhood, this property is priced below €1M per unit with strong fundamentals and a clear path to much higher yields.