$1,728,911

Apartment

  • 5 Beds
  • 4 Baths
  • 2,304 Sqft
  • Updated: May 11
  • 10
    Views for last 30 days
  • 2

About the Property

This is a standout investment opportunity for anyone looking to start or expand a rental portfolio in Málaga, offering strong returns and excellent upside potential. The property comprises four apartments with tourist licenses in one of the best areas of the city, along with large private rooftop terraces, a rare find in this location. There is also clear potential to increase value through strate
This is a standout investment opportunity for anyone looking to start or expand a rental portfolio in Málaga, offering strong returns and excellent upside potential. The property comprises four apartments with tourist licenses in one of the best areas of the city, along with large private rooftop terraces, a rare find in this location. There is also clear potential to increase value through strategic updates, significantly improving both ROI and rental income.

Ideally located just off Calle Victoria, the property is surrounded by vibrant restaurants, cafés, and bars, and sits only one minute from Plaza de la Merced. Despite its central position, it enjoys a peaceful and private setting at the foot of Gibralfaro, offering a rare balance between city living and natural surroundings. The nearby tunnel provides quick and easy access to La Malagueta and the beach.

The area is set to become even more desirable, with plans to pedestrianize Calle Victoria, an improvement expected to further enhance both lifestyle appeal and property values.

The building features a private gated entrance and comprises four apartments, all with tourist licenses and a strong rental track record:

First floor:
One-bedroom apartment with nice windows and quietness.

Second floor:
One-bedroom apartment with a charming French balcony and original details
One-bedroom apartment with an approx. 100 m² rooftop terrace, a truly rare find in the centre
Two-bedroom apartment with a private patio and an impressive approx. 80 m² rooftop terrace

All units benefit from high occupancy rates, and with minor upgrades, there is clear potential to further increase rental income and overall yield.

This is a turnkey investment with immediate income, combined with strong long-term capital appreciation in one of Málaga’s most sought-after locations.

Contact us for more information or to arrange a viewing.
  • Property type

    Apartment

  • Year built

    2008

  • Price/sqft

    $750

Explore the Area

Calle Victoria, Centro Histórico, Malaga, 29012, Spain View on Google Maps
Price per sqft
Low
High
The Centro district of Málaga is the historic and cultural core of one of Spain’s oldest continuously inhabited cities, with roots stretching back to Phoenician settlement. The quarter is defined by its layered architectural character: Moorish foundations, Renaissance churches, and 19th-century bourgeois facades sit alongside contemporary cultural institutions. The Picasso Museum, the Roman Theatre, and the Alcazaba fortress are all within the neighborhood, giving Centro a cultural density that few Spanish city centres can match.

Daily life in Centro revolves around Plaza de la Merced, Calle Larios, and the Mercado Central de Atarazanas. The area has a strong restaurant scene, with El Pimpi, Uvedoble Taberna, and Kaleja among the well-regarded options. La Malagueta beach is reachable on foot in around 15 minutes. The Soho arts district borders the neighborhood to the southwest.

Málaga María Zambrano station connects to Madrid by high-speed AVE rail in under two and a half hours, and to Seville in approximately two hours. The Cercanías suburban rail line links Centro to Málaga Airport in around 12 minutes, with the airport serving over 100 international destinations and handling more than 20 million passengers annually. The A-7 coastal motorway provides direct road access along the Costa del Sol in both directions.
Get nearby
Attractions
Schools
Málaga-Costa del Sol Airport
Airport
20 min
Málaga María Zambrano Train Station
Train Station
10 min
Picasso Museum
Culture & Heritage
5 min
Alcazaba of Málaga
Cultural & Heritage
5 min
La Malagueta Beach
Outdoor & Nature
12 min
Calle Marqués de Larios
Shopping & Lifestyle
6 min
El Pimpi Bodega Bar
Dining & Wine
4 min
St. George's School Malaga
International School
15 min
International School of Málaga
International School
22 min

View 596 more listings in Centro

Fanny Lindgren Fanny Lindgren background
Joined 5 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Fanny Lindgren
Spain
View agent profile
Fanny Lindgren Fanny Lindgren background
10
Listings
2024
Joined

Book home tour with Fanny Lindgren

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Strand Properties
Strand Properties
Offices in Spain and in Finland, 29660, Marbella (Puerto Banus), Spain
View agency profile
Strand Properties is a real estate agency that specializes in unique properties and luxury service. All of our rea
Strand Properties is a real estate agency that specializes in unique properties and luxury service. All of our real estate agents have years of experience and comprehensive expertise in selling properties. We currently operate in Finland and Spain. 
Last updated
May 11
First listed
Apr 23
Listing reference
SPCRM4967
Call

Start phone call with:

Hello, I’m calling for the property with the reference SPCRM4967, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.