2-3 Bedrooms, Newly Renovated, Alfama

Lisbon, Portugal

Alfama - Escolas Gerais - AALB74-1
Alfama - Escolas Gerais - AALB74-2
Alfama - Escolas Gerais - AALB74-3
Alfama - Escolas Gerais - AALB74-4
Alfama - Escolas Gerais - AALB74-5
Alfama - Escolas Gerais - AALB74-6
Alfama - Escolas Gerais - AALB74-7
Alfama - Escolas Gerais - AALB74-8
Alfama - Escolas Gerais - AALB74-9
Alfama - Escolas Gerais - AALB74-10
Alfama - Escolas Gerais - AALB74-11
Alfama - Escolas Gerais - AALB74-12
Alfama - Escolas Gerais - AALB74-13
Alfama - Escolas Gerais - AALB74-14
Alfama - Escolas Gerais - AALB74-15
Alfama - Escolas Gerais - AALB74-16
Alfama - Escolas Gerais - AALB74-17
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Alfama - Escolas Gerais - AALB74-19

2-3 Bedrooms, Newly Renovated, Alfama

Lisbon, Portugal

2-3 Bedrooms, Newly Renovated, Alfama

Lisbon, Portugal

Alfama - Escolas Gerais
  • Newly Renovated
  • 100m2 - 160m2
  • €780k - €1.49m
  • Alfama - Escolas Gerais
Located on a charming cobbled street near the iconic Tram 28 and a few steps away from the Portas do Sol viewpoint, this beautiful renovation project in traditional Alfama consists of five spacious apartments.


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With wonderful river views from the top floors and views of the Alfama viewpoint for all residences, these Lisbon apartments are perfect for those seeking a pied-à-terre and they are eligible for short-term rentals which is incredibly rare in Alfama and in the capital as a whole.

About The Property

Discover a rare opportunity to own one of only five exclusive apartments in Lisbon. Each unit offers a private entrance for ultimate privacy, and all boast west or south-facing terraces and balconies with breathtaking views of the city and the iconic Portas do Sol viewpoint. The third-floor apartments even offer stunning river views.

Luxury finishes such as marble floors and concrete ceilings are standard in these exceptional properties. The ground floor is dedicated to garages for those who desire one, while a charming communal garden with palm trees provides a serene escape. The building features a lift, and the private entrances can be accessed via external staircases.

The white facade of the building blends seamlessly with the surrounding neighborhood, while the blue staircases add a modern touch. Don't miss your chance to own a piece of Lisbon's most coveted real estate.

Investment Potential

Whilst it has become quite difficult to find properties eligible for short-term rentals in the historical centre of Lisbon, this project already has a licence as it was acquired before the changes to short-term rentals came into play. This is therefore the only new project in Alfama with a short-term rental licence at the moment. Thanks to their superb location and miradouro-worthy views, these apartments are expected to generate net rental yields of up to 4%.


These five apartments are currently the only new project for sale in Alfama with a short-term rental licence in place, allowing investors to rent their properties out on the lucrative vacation rental market.

Why Invest

  • Prime location near Portas do Sol viewpoint.
  • Eligible for short-term rentals, a rarity in Alfama
  • Private entrances, parking and excellent finishes
  • Communal garden and dedicated garages
  • Expected net rental yields of up to 4%

Local Insights

  • Charming cobblestone streets and live fado music
  • Authentic bairro steeped in history
  • Lovely viewpoints and home to famous landmarks
  • Bordered by the Tagus river
  • Perfect for exploring on foot

*Please note that the images used throughout are indicative or photographs of previous work from the same developer. Images may not be exactly representative of the property.


Reference Ref Type Bedrooms Beds m2 Price Interested?
AALB74-1A Apartment 2 100 m2 €780,000
AALB74-2A Apartment 2 101.5 m2 €820,000
AALB74-3A Apartment 2 103 m2 €870,000
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