Investment opportunity on Velázquez Street

€1,150,000
  • 6 Rooms
  • 6 Bedrooms
  • 3 Bathrooms
  • ~105 m² Total surface
  • ~105 m² Living area
  • Completion expected October 2026

Description

Prime Investment or Residential Renovation Opportunity on Velázquez Street, Barrio de Salamanca

Engel & Völkers presents this outstanding property located in one of Madrid’s most exclusive avenues, Calle Velázquez, just steps away from the prestigious IE University—a strategic location combining high international rental demand and exceptional capital appreciation.

Situated on the second floor with exterior views, the 105 sqm property features 6 bedrooms, 3 bathrooms, and two exterior balconies facing Velázquez Street, bringing abundant natural light and great street presence to the residence.

The property is currently rented out on a room-by-room basis, making it ideal to maintain a high-yield investment model focused on international students.

Housed in a stately building in pristine condition, it features recently renovated common areas, elevator, and entrance hall, preserving all the classic character and prestige of the architecture.

A unique opportunity for investors seeking immediate rental yield or for buyers looking to design a bespoke private residence in one of the capital's most coveted addresses.

Features
Air-conditioningBalconyBuilt-in kitchenElevatorGuest toilet
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Engel & Völkers Madrid MMC

Your advisor: Nadeska Araujo

Property ID: W-04BYZQ

Property details
  • Object type

    Flat

  • Rooms

    6

  • Bedrooms

    6

  • Bathrooms

    3

  • Floor

    2

  • Number of Floors

    7

  • Total surface

    ~105 m²

  • Living area

    ~105 m²

  • Usable surface

    ~96 m²

  • Flooring

    Parquet, Wooden floor

Energy efficiency information
  • Construction year

    1943

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Type of heating

    Radiator

  • Energy source

    Central heating

Location: Salamanca, Madrid

This superb property is located in the heart of the Salamanca district, in the Castellana area, a predominantly residential and commercial neighborhood.

It also stands out for its stately façades, which make Madrid one of Europe’s leading capitals for both classical and avant-garde architecture. The Salamanca district is undoubtedly one of the most elegant and prestigious residential areas in Madrid and Europe. The property occupies a strategic location: just steps from Serrano Street and Paseo de la Castellana, with excellent connections to the rest of the city via Madrid’s main thoroughfare, the Castellana, whether on foot, by car, bus, or metro. It is also very close to the U.S. Embassy and IE Business School.

In this area, on the same street and along Serrano Street, just steps away, you can find a wide variety of excellent restaurants, most with terraces, where you can relax and dine outdoors, simply take a stroll, or enjoy a coffee. In addition to luxury shopping, the area offers all the neighborhood’s typical services just a few meters away—pharmacies, healthcare centers, supermarkets, dry cleaners, and more—allowing you to do all your daily shopping on foot while enjoying a walk.

This area is ideal for lovers of Madrid who enjoy walking everywhere without needing to take the car. It offers the pleasure of living in a quiet and comfortable area, in the best part of Madrid.

Floor plan

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