Madrid Flat

Are you looking for a 3-bedroom apartment with a terrace to renovate to your liking near Atocha? On Calle Canarias, in the heart of the Palos de la Frontera neighborhood (Arganzuela), we present an 88 m2 apartment on the second floor with an elevator, offering the space and location that are hard to find today in central Madrid.

The apartment features a spacious entrance hall, wide corridors, an L-shaped living room opening onto the terrace, three bedrooms, an independent kitchen, and a full bathroom with a bathtub. Enjoy dual orientation: the living area and the smallest bedroom face Calle Tarragona, while the two main bedrooms, kitchen, and bathroom overlook a quiet interior courtyard, perfect for rest.

The glazed terrace extends the living room and serves as a reading nook, workspace, or a small winter garden filled with light. The two main bedrooms are very generous and have wooden wardrobes; the third, exterior-facing, is ideal as a child’s room, guest room, or office.

The flooring is oak parquet, with radiators in the living room and bedrooms. The kitchen is furnished and includes a recent gas water heater. The building, dating from 1971, has an elevator and video intercom. The community owns the concierge’s apartment, a shared asset that adds value to the building.

This is the perfect base for a full renovation: well-utilized square meters, spacious rooms, and a layout that adapts to your lifestyle. Imagine an open living room extending to the terrace with morning light, an updated kitchen, and quiet bedrooms facing the courtyard.

All this in one of Madrid’s most sought-after areas: just minutes on foot from Atocha station, Palos de la Frontera Metro (Line 3), and Delicias Cercanías station, with Madrid Río, Paseo del Prado, and Retiro Park within walking distance. Supermarkets, markets, schools, health centers, and an increasingly vibrant gastronomic scene complete the surroundings.

If you are looking for a property with potential in the heart of Arganzuela, contact us to arrange a visit with no obligation. Apartments with terraces in this area rarely stay on the market for long.

Economic information and associated costs:

In compliance with Article 20 of the Revised Text of the General Law for the Defense of Consumers and Users, as amended since December 28, 2025, it is expressly stated that the published price does not include taxes or additional costs arising from the sale, such as Property Transfer Tax or VAT where applicable, Documentary Legal Acts tax, notary and registry fees, or other expenses inherent to the transaction, which will be determined based on the final sale price.

The final offered price complies with the applicable price regulation laws.