Two-bedroom apartment with river view in Alfama

Excellent strategic real estate investment opportunity with high profitability in the historic heart of Lisbon, located on the iconic Beco das Cruzes in Alfama. With a total area of 66.3 m², this property has undergone extensive architectural and technical reconfiguration and is now converted into two fully independent residential units with separate entrances. This turnkey solution is marketed fully furnished and equipped with new designer furniture, making it ideal for investors seeking to maximize financial returns through the short- or medium-term rental market, with immediate operation and high efficiency.

The property is intelligently divided into two distinct units, combining modernity with heritage preservation. The first unit is a unique, charming studio characterized by the preservation of original period features, including perfectly maintained continuous wooden flooring and traditional Portuguese tiles. It includes a fully equipped new kitchen, a bathroom with bathtub, a French-style balcony, and a stunning, unobstructed view of the Tagus River. The second unit is a two-bedroom apartment with a functional contemporary layout, comprising two bedrooms with built-in wardrobes and a perfectly optimized living room. The property has two full bathrooms in total.

Structurally, the property has been fully renovated to ensure the highest standards of comfort and durability, including the complete renewal of the plumbing and water systems, full replacement of the electrical panel and wiring, and installation of new window frames with high-performance thermal and acoustic insulation. Benefiting from excellent east- and west-facing exposure, the apartment enjoys exceptional natural light throughout the day. Located on the first floor of a traditional building without an elevator, the property stands out for its premium location in Santa Maria Maior, within walking distance of Lisbon’s main tourist areas, viewpoints, and transport networks, positioning it as a premium asset offering immediate income and strong appreciation potential.