Building T12 for sale in Lisboa

In the heart of Santa Clara, just steps away from the iconic Feira da Ladra , emerges a rare opportunity to acquire an income-producing building in one of Lisbon’s most genuine, historic, and up-and-coming neighbourhoods. With a discreet yet imposing presence, this property combines character, immediate profitability, and a value-growth potential that only assets of this nature can offer. With 342 m² of Gross Private Area , distributed across the ground floor and three additional levels, the building houses eight independent apartments , each ranging between 42 and 45 m² . Its traditional timber-frame construction (tabique) preserves Lisbon’s architectural identity while offering flexibility for future improvements. The general condition of the units is reasonable; several have already undergone enhancements, and two apartments were fully renovated for short-term rental (AL) . This allows the building to maintain stable performance today while opening the door to requalification projects that could significantly increase its capital value. The property also includes a courtyard , a rare privilege in the area and a key differentiator for future optimisation strategies. The building is fully rented , ensuring a solid income stream from day one. There is also considerable room for improvement, as the current rents are low and can be updated with new lease agreements. 7 apartments have traditional rental contracts, ending during 2026. 1 apartment has a lifetime lease, but may allow for a negotiated termination. Santa Clara is one of Lisbon’s most fascinating and still undervalued neighbourhoods — until now. Located between Alfama, Graça, and São Vicente, Santa Clara is undergoing an elegant transformation, driven by: Proximity to Feira da Ladra , the National Pantheon, and Campo de Santa Clara Quiet streets, authentic atmosphere, and vibrant cultural identity Growing residential and tourist demand Quick access to the historic centre and transportation links It is a location where the charm of the past meets the dynamism of the present — and where the most perceptive investors are already focusing their attention. Beyond the immediate income, this building offers strategic medium- and long-term opportunities: Phased refurbishment , increasing both value and profitability Improvements in energy performance and comfort , enhancing desirability Potential future reorganisation of layouts , respecting the urban context Capitalising on the continuous appreciation of the Santa Clara area This is an asset that supports both a conservative, stable-income approach and a more dynamic strategy oriented toward sustained growth and long-term appreciation. This is more than a building. It is a strategic asset in a neighbourhood with strong identity, in a city experiencing ongoing expansion, with guaranteed income, eight independent units, and a value-growth potential perfectly aligned with Lisbon’s market trends. A unique opportunity for investors. An asset with history — and a future.