2 Bedroom Apartment With An Additional Room And City Views In Graça, Lisbon

Investment opportunity in one of Lisbon’s most sought-after and authentic neighbourhoods. This 2+1-bedroom apartment, with 110 sqm of gross area, is currently rented for €2,298 per month, providing an approximate gross rental yield of 5%.

Offering immediate rental income and a central location in Graça, this property represents a particularly attractive option for investors seeking an already tenanted residential asset in an area with strong demand and a well-established long-term rental market.

In addition to its investment potential, the apartment stands out for its generous size, natural light and versatility, while also offering an excellent option for future owner-occupation.

With east/west exposure, the layout is functional and provides a clear separation between the private and social areas. The suite and main bedroom are spacious and bright, while the additional (+1) space, accessible either through the bedroom or directly from the building’s staircase, offers multiple possibilities for use, including as an office, bedroom, dressing room or additional support area.

The social area comprises a west-facing living and dining room with two small balconies and views over Lisbon’s Baixa district, a separate kitchen with an enclosed balcony currently used as a laundry and utility area, a full bathroom and a pantry.

The apartment is currently rented until March 2027, at a monthly rent of €2,298, allowing the new owner to acquire a property generating income from day one.

The location is another of its key advantages. Graça combines the traditional character of one of Lisbon’s historic neighbourhoods with an excellent range of shops, restaurants, services, cultural attractions and public transport, including the metro and Carris network. Its proximity to schools, hospitals, cultural venues and other points of interest further strengthens residential demand and the area’s rental potential.

Features

-2+1-bedroom apartment
- 110 sqm of gross area
- Current monthly rent of €2,298
- Approximate gross rental yield of 5%
- Currently rented
- East/west solar exposure
- Living room with two small balconies
- Views over Lisbon’s Baixa district
- Separate kitchen with enclosed balcony
- Generously sized suite and bedroom
- Additional (+1) space with direct access to the building staircase
- Wooden flooring
- Pantry

An opportunity to invest in a residential asset generating immediate income, in an established and highly sought-after location in Lisbon, or to acquire a property today with the potential for future owner-occupation.

Here you can enjoy palaces and manor houses (Palacete da Estefânia, Sotto Mayor Palace) Anjos Church, schools (Camões Secondary School, former Liceu Camões and Universidade Autónoma de Lisboa) the Hospital de Santo António dos Capuchos, the Cinema Império and the Neptuno fountain in Largo de Dona Estefânia, as well as several restaurants and traditional shops. As it is so central, it has a good transport network (Metro and buses) that allow easy access to other parts of Lisbon, making this property an excellent investment for long-term rentals, as well as owner-occupied housing with a comfortable life in the city centre.
Energy Rating: C
#ref:PROP-34996