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
This property offers an exceptional opportunity for investors seeking a turnkey asset in one of the Algarves most popular coastal destinations, or for buyers wishing to combine living and rental income within the same building. Its central location, quality renovation, and versatile layout make it a rare find in Albufeiras historic old town, where demand for well-finished, multi-unit properties remains consistently strong.
Located in the heart of Albufeiras historic centre, this beautifully renovated building presents 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, it blends traditional charm with modern comfort, appealing to lifestyle investors seeking flexibility and year-round demand.
The building comprises six bedrooms in total, thoughtfully arranged 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 occupied by a bright three-bedroom duplex, offering a large living room, a separate kitchen filled with natural light, a guest WC, and a laundry pantry area. On the upper level, two ensuite bedrooms provide comfort and privacy, including a master suite with dressing area, private balcony, and a storage room that could be converted into an office or an additional bedroom if desired.
The independent studio provides full autonomy with a fitted kitchenette and a bathroom with shower an ideal setup for short-term rentals or potential commercial use. All units have been tastefully finished and equipped with air conditioning, underfloor heating, and solar panels for hot water, ensuring comfort and energy efficiency throughout the year.
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: FC629GTQ
Located in the heart of Albufeiras historic centre, this beautifully renovated building presents 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, it blends traditional charm with modern comfort, appealing to lifestyle investors seeking flexibility and year-round demand.
The building comprises six bedrooms in total, thoughtfully arranged 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 occupied by a bright three-bedroom duplex, offering a large living room, a separate kitchen filled with natural light, a guest WC, and a laundry pantry area. On the upper level, two ensuite bedrooms provide comfort and privacy, including a master suite with dressing area, private balcony, and a storage room that could be converted into an office or an additional bedroom if desired.
The independent studio provides full autonomy with a fitted kitchenette and a bathroom with shower an ideal setup for short-term rentals or potential commercial use. All units have been tastefully finished and equipped with air conditioning, underfloor heating, and solar panels for hot water, ensuring comfort and energy efficiency throughout the year.
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: FC629GTQ
New
No
Bedrooms
6
Bathrooms
8
Finished sq. ft.
298 sq m
Lot Size
272 sq m
Virtual tour URL
IMLIX ID
FC629GTQ
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