Prédio T0 zum Verkauf in Lisboa

Investment Building in Alfama | 6 Apartments | Potential Yield up to 10% per Year

A turnkey real estate investment in the historic heart of Lisbon, with high income potential, various operating models, and prospects for asset appreciation.

Located in the heart of Alfama, just steps from the Tagus River, this fully renovated building consists of 6 independent apartments, fully furnished and equipped, in one of the most iconic and sought-after locations in the capital.

A unique opportunity for investors who prioritize income-generating real estate assets, with potential for short- and medium-term rental market operation and the possibility of specialized professional management.

Profitability and Investment Potential

The property projects gross reservation revenues exceeding €171,000 in the first year, potentially surpassing €222,000 by the fifth year — corresponding to a gross yield on reservations between 9.6% and 12.5%.

Investors can choose from different operating strategies:

• Direct management: projected operational profitability of 7.6% in the first year, with potential to reach 10% per year by the fifth year.


• Specialized professional management | revenue share model: projected operational profitability between 6.2% and 8.1% over five years, with full management by a specialized operator and participation in operating results.


• Specialized professional management | hybrid model (minimum guaranteed income + revenue share): projected operational profitability between 5.9% and 7.7% over five years, with a proposal of minimum guaranteed income of €82,800/year (€6,900/month), increasing to €86,145/year (about €7,179/month), and the possibility of higher income through participation in operating revenues.

Different solutions for different investment profiles, combining profitability potential, management flexibility, and greater income predictability.

The Building | A Renovated and Ready-to-Use Asset

Established as horizontal property, the building offers 260 m² spread over 7 floors, including 6 autonomous units:

• Floors -1 and 0: T1+1 duplex;


• Floor 1: Studio with balcony;


• Floors 2 to 4: three studios, each with two small balconies;


• Floors 5 and 6: T0+1 duplex with small balcony.

The full renovation preserved the building’s architectural character, integrating contemporary finishes and comfort and functionality solutions.

All apartments are fully furnished and equipped, including kitchens with electric cooktop, extractor fan, oven, microwave, and combined fridge/freezer, as well as washing machine, water heater, and air conditioning.

They also feature double-glazed windows for enhanced thermal and acoustic comfort, code locks, and security systems, including fire alarms and main power cut-off in emergencies.

The balconies, small balconies, and views over the Tagus add appeal to this residential complex, designed to provide a comfortable and distinctive stay experience.

Alfama | A Prime Location in Lisbon

Investing in Alfama means betting on one of Lisbon’s most authentic, recognized, and visited neighborhoods, where historical heritage, cultural identity, and proximity to the Tagus River create a unique setting.

Just steps from the riverfront, the building benefits from a privileged location that allows enjoyment of the Tagus, its leisure and walking areas, and the unique atmosphere of this historic city zone. The river views enhance the property’s distinctive character and attractiveness in the rental market.

A short distance from the São Jorge Castle, Lisbon Cathedral, Fado Museum, National Pantheon, and the city’s iconic viewpoints, the building is surrounded by a rich environment of restaurants, fado houses, traditional shops, and cultural heritage.

Proximity to the Santa Apolónia train and metro station, as well as the bus and tram networks, provides good connections to other parts of the city.

A highly attractive location for international visitors, mobile professionals, and temporary residents, offering a competitive advantage for the short- and medium-term rental market.

Flexibility Today. Asset Value Tomorrow.

Beyond income generation potential, the building’s establishment as horizontal property with six autonomous units represents a strategic advantage for the investor.

This setup offers greater flexibility in asset management and divestment options, allowing future choices between selling the entire building or individual units, depending on market conditions and asset appreciation strategy.

An attractive combination of location, full renovation, flexible operating models, and long-term appreciation potential.

Discover the Potential of This Investment

For more information or to schedule a private visit, contact me. I will be happy to personally present this property and its profitability potential in the heart of Alfama.

Note: The gross reservation revenue projections were prepared by a leading international operator specializing in short- and medium-term accommodation operation and management. The presented yields are indicative estimates, calculated based on the advertised sale price and the costs considered in each operating model.