Investment building in a prime location

€3,500,000

15 Rooms
12 Bedrooms
11 Bathrooms
~680 m² Total surface
~680 m² Living area

Description

An exceptional investment opportunity in a prime spot in one of Athens’ most vibrant and sought-after neighborhoods. This fully renovated, income-producing building combines immediate returns with strong long-term upside, including optional exit strategies aligned with Golden Visa demand. Total area: 680 sq.m. Configuration: 11 one- and two-bedroom units Construction history: Originally built in the 1930s as a two-level structure comprising a semi-basement and ground floor, with the first floor added in the 1960s Condition: Fully renovated in 2025, tastefully furnished and fully operational Income profile: Strong rental performance from day one From an investment perspective, the asset provides optional value creation, as the entire building may be acquired and, at a later stage, the residential units may be resold individually. An approach particularly attractive for investors and family offices targeting Golden Visa–driven demand. Residents and guests enjoy: * A large communal rooftop terrace with open urban and mountain views, including Lycabettus Hill  * Calm, zen-inspired interiors designed to enhance comfort and well-being  * A welcoming entrance with garden  * A fully operational café on site, adding character and contributing to income diversification  Do not miss the opportunity to own a fantastic investment in a prime Pagkrati location, at the heart of Athens’ urban lifestyle The property is transaction-ready. Contact us for private viewings.

Features

Air-conditioningBalconyBasementBuilt-in kitchenGardenSecurity systemGreen viewMountain viewFurnished

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Myriam Jakiche

Property ID: W-0303JG

Location: Pangrati, Athens

Location: Pangrati is a vibrant neighborhood in the center of Athens with a rich history and multicultural character. It is located within walking distance from the elegant Kolonaki area, offering easy access to entertainment, cultural, and recreational options. The neighborhood boasts a unique atmosphere with its traditional streets, picturesque squares, and rich culinary scene. Situated just 10 minutes away on foot from the city center, Pangrati is across from the National Garden and behind the Kallimarmaro Stadium as well as the National Gallery. Unique features: Pangrati, also known as Vathrahonisi or the “Island of Frogs” is an emerging creative area filled with traditional cafes, bars, and parks. It maintains the genuine neighborhood feel, providing easy access to schools, supermarkets, galleries, and museums such as the Museum of Modern Art of the Goulandris Foundation. Moreover, it is within close proximity to most attractions in the area. Accessibility: The area enjoys excellent connectivity with the metro, tram, and buses serving the entire Athens area. The airport is approximately a 50-minute journey by train or bus. Investment potential: Pangrati is one of the most sought-after investment locations in central Athens. The dynamic nature of this area is undeniable, with stable returns ensuring the success of your investment.