Investment Building with Approved Project in Alfama, Lisboa
€980,000€2,768/m²
7
bedrooms
8
bathrooms
354 m²
interior
House
property type
10 May 2026
listed
The Habio take
AI summaryThis expansive building in the historic centre of Alfama offers a unique investment opportunity, featuring an approved project for five apartments including a three-room penthouse with stunning river views. Alfama is known for its narrow streets, traditional music, and vibrant culture, making it an attractive locale for both residents and tourists.
- investment
- historic
- city
Highlights
- 7 bedrooms, 8 bathrooms
- Approved project for 5 apartments
- Penthouse with river views
- Renowned architects involved
- Desirable historical location
Worth knowing
- Renovation work may be required to complete the project
- Potential for noise due to central location
Good fit for: Ideal for investors seeking a profitable rental property in a prime location.
Lifestyle scores
- Beach
- 40
- Walkable
- 90
- Remote work
- 70
- Family
- 50
- Retirement
- 60
- Airport access
- 80
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
Great investment opportunity. The building is located in the beautiful historical center of Alfama with an approved project carried out by renowned architects. The project consists of 5 apartments with a total living area of 344sqm. Three studios, a studio with a garden and a three-room penthouse with a balcony and fantastic river views. A nice project in a great location.
Buying property in Portugal
Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
