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T3 Penthouse-Alecrim 51 – Living & Investing in the Historic Heart of Lisbon

Lisbon

Price

€1,200,000

10,828 / m²

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Description

Alecrim 51 is ideally located on Rua do Alecrim — one of Lisbon’s most prestigious and iconic streets, connecting Bairro Alto, Chiado, and Cais do Sodré.

This 18th-century building, with views over the Tagus River, has been meticulously restored and transformed into an elegant contemporary residential project, preserving its original architectural identity.

The development comprises 13 apartments and one commercial unit, distributed across five floors with elevator access. Many units enjoy views over Rua do Alecrim, Rua das Flores, and, in selected cases, the Tagus River.

Typologies range from studios (T0) to spacious three-bedroom apartments (T3). High ceilings, large windows, abundant natural light, and original decorative features give each residence a distinct character.

Available Units

  • 3-Bedroom (T3): Penthouse (158.5 sqm) with panoramic city and river views — €2,375,000

Interiors & Features

  • Wooden flooring creating warm, refined interiors
  • Open-plan kitchens seamlessly integrated with living areas
  • Premium appliances by Siemens (induction hob, oven, microwave, extractor, fridge-freezer, washer-dryer)
  • Marble countertops and washbasins
  • Built-in wardrobes and optimized storage solutions
  • Fire detection system in all apartments
  • Secure coded access and fire-resistant entrance doors

Investment Highlights

  • Strong demand for long-term rentals in one of Lisbon’s most central and desirable locations
  • Consistent capital appreciation driven by scarcity of premium properties in the historic center
  • Limited supply: new developments in this area are exceptionally rare, ensuring long-term liquidity

Location

Rua do Alecrim sits at the intersection of Lisbon’s most vibrant districts — where culture, gastronomy, and business converge. Within walking distance are renowned restaurants, theaters, galleries, museums, boutique shops, and the riverside.

Excellent transport connections include metro, buses, trams, trains, and ferry links.

Alecrim 51 offers a rare combination of historic charm, modern comfort, and secure investment in the very heart of Lisbon.

Features & Amenities

Typology: T1
Total Area: 110.82
Usable Area: 110.82
Balcony/Terrace Area:
Bathrooms: 2
Parking Spaces:
Construction Year: 2026
Floor: 2 / 4
Air Conditioning: Individual
Heating: Individual
Energy Rating: A

Appliances & Condominium

Elevator: Yes
Storage:
Guarded Area:
Pool:
Playground:
Fitness:
Refrigerator: Yes
Stove: Yes
Oven: Yes
Dishwasher: Yes
Washing Machine: Yes
Dryer: Yes

Location

Lisbon

Calculators

Transaction Costs

Property Price€1,200,000
Purchase Tax (IMT)+ €90,000
Stamp Duty+ €9,600
Notary & Reg. Fees+ €1,000
Total Required€1,300,600

Yield (ROI) Estimate

Monthly Rent Used:€3,500
Monthly Rent€3,500
Annual Gross€42,000
Annual Tax (25%)- €10,500
Annual Net€31,500
Net Yield (ROI)2.63%

Interested?

Contact us to discuss this property, view floor plans, or get more details.

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Reference: 15042026_3/LX