Albufeira Old Town – Investment property with two apartments and commercial studio
EUR 1,395,000
- 68298 sq m
Property for
Sale
Country
Portugal
State/Region/Province
Faro
City
Albufeira
Address
Albufeira e Olhos de Água
Posted
Nov 05, 2025
Description
Located in the heart of Albufeiras historic centre, this beautifully renovated building offers a unique investment opportunity with two stylish apartments and a self-contained studio, all within walking distance of the beach, restaurants, and the vibrant old town. Perfectly positioned for both long-term and holiday rentals, this property combines traditional charm with modern comfort, making it a versatile choice for lifestyle investors.
The building comprises a total of six bedrooms, thoughtfully distributed across three independent units. The ground-floor apartment features two ensuite bedrooms, a spacious open-plan living and dining area with a fully fitted kitchen, and direct street access. The first and second floors are dedicated to a bright three-bedroom duplex, which includes a large living room, a separate kitchen with abundant natural light, a guest WC, and a laundry pantry area. Upstairs, two ensuite bedrooms provide comfort and privacy, including a master suite with dressing area, private balcony, and storage room that could easily be transformed into an office or additional bedroom.
The independent studio offers complete autonomy with a fitted kitchenette and bathroom with shower, ideal for short-term lets or as a commercial space. Every unit has been tastefully finished and equipped with air conditioning, underfloor heating, and solar panels for hot water, ensuring year-round comfort and energy efficiency.
This property represents an excellent opportunity for investors seeking a turnkey asset with high rental potential or an owner looking to combine living and business in one of the Algarves most popular coastal destinations. Its central location, quality renovation, and flexibility make it a rare find in Albufeiras old town.
Features and fittings mentioned are subject to agreement and verification between the vendor and the buyer
Energy rating: B-C
Prime location in Albufeira Old Town
Fully renovated building with three independent units
Ground-floor 2-bedroom apartment with open-plan living area
Duplex apartment with 3 bedrooms and private terraces
Independent studio with kitchenette and bathroom
Total of 6 bedrooms and multiple living spaces
Air conditioning and underfloor heating throughout
Solar panels for hot water and energy efficiency
Walking distance to beach, restaurants, and shops
Ideal for rental investment or mixed-use living
- REF: FC629GT
The building comprises a total of six bedrooms, thoughtfully distributed across three independent units. The ground-floor apartment features two ensuite bedrooms, a spacious open-plan living and dining area with a fully fitted kitchen, and direct street access. The first and second floors are dedicated to a bright three-bedroom duplex, which includes a large living room, a separate kitchen with abundant natural light, a guest WC, and a laundry pantry area. Upstairs, two ensuite bedrooms provide comfort and privacy, including a master suite with dressing area, private balcony, and storage room that could easily be transformed into an office or additional bedroom.
The independent studio offers complete autonomy with a fitted kitchenette and bathroom with shower, ideal for short-term lets or as a commercial space. Every unit has been tastefully finished and equipped with air conditioning, underfloor heating, and solar panels for hot water, ensuring year-round comfort and energy efficiency.
This property represents an excellent opportunity for investors seeking a turnkey asset with high rental potential or an owner looking to combine living and business in one of the Algarves most popular coastal destinations. Its central location, quality renovation, and flexibility make it a rare find in Albufeiras old town.
Features and fittings mentioned are subject to agreement and verification between the vendor and the buyer
Energy rating: B-C
Prime location in Albufeira Old Town
Fully renovated building with three independent units
Ground-floor 2-bedroom apartment with open-plan living area
Duplex apartment with 3 bedrooms and private terraces
Independent studio with kitchenette and bathroom
Total of 6 bedrooms and multiple living spaces
Air conditioning and underfloor heating throughout
Solar panels for hot water and energy efficiency
Walking distance to beach, restaurants, and shops
Ideal for rental investment or mixed-use living
- REF: FC629GT
New
No
Bedrooms
6
Bathrooms
8
Finished sq. ft.
298 sq m
Lot Size
272 sq m
Virtual tour URL
IMLIX ID
FC629GT
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