256 Sqm Multi Unit Building · Makrygianni / Dionysiou Areopagitou

A rare income-generating asset in the heart of Athens — steps from Dionysiou Areopagitou and Makrygianni, one of the city’s most prestigious and internationally recognised addresses, directly alongside the Acropolis Museum promenade.

The building comprises 4 self-contained apartments across 4 floors, totalling 256 sqm. Originally built in 1982 and substantially renovated in 2025, the property offers an investor the opportunity to complete the final finishing works to their own specification — and at their own cost basis — before immediately activating a high-yield rental portfolio in one of Athens’ strongest short-term rental corridors.

Outdoor space is a standout feature: a terrace, patio and east-facing balcony frame unobstructed mountain views — a scarcity asset in central Athens that commands premium nightly rates and protects long-term resale value.

The Investment Case:

— 4 independent units — operate as 4 separate STR or long-term lets, maximising income diversification and reducing vacancy risk — Prime location — Dionysiou Areopagitou is among the most visited streets in Greece; STR demand is structural, not cyclical — 2025 renovation — major structural and cosmetic works completed; finishing costs are manageable and within the buyer’s control — Terrace + patio + mountain views — commands significant premium on platforms like Airbnb and [hidden information]

Ideal for: STR portfolio acquisition · Value-add completion play · Long-term capital appreciation

Location: Described as the ‘Neighbourhood of the Gods’, Plaka and the Acropolis area are right at the core of Athens’ historic centre. A vibrant shopping and tourist district, with beautiful neoclassical homes lining its streets, it is Athens’ most charming neighbourhood.
Unique features: This is essentially Athens’ ‘Museum Mile’ with all the key archaeological sites and cultural venues located within a 1 km radius. It is home to the Acropolis Museum, voted as one of the top 10 museums in the world, to the Herod Atticus that still hosts plays and concerts as it did thousands of years ago. Trendy designer boutiques, cool cafes and restaurants as well as boutique hotels share space with neoclassical houses on largely pedestrianized streets. While tourists find it charming, there is also a real neighbourhood feel and sense of community for residents.
Accessibility: Extremely well-connected by the metro, tram, bus services to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses.
Investment potential: This area is right in the historic centre of Athens, an area that has always enjoyed a lot of interest from buyers. Guaranteed returns on investment.

Mountain view