Active ID: 110333562 Mercado

Flat / apartment for sale in Calle Maestro Gaztambide

3 Bed • 1 Bath • 119 m² • Floor 0

€219,000

↓ 25.0% from €292,000
€219,000 2026-04-07
€245,000 2026-03-07
€260,000 2026-02-17
€285,000 2026-02-02
€292,000 2026-01-16
AI Analyst
Long-term Rental

"Spacious 119 m² ground floor apartment in Mercado offers strong rental demand, flexible layout for value-add (potential to split into two units), and privacy with only one neighbor per floor—ideal for investors seeking yield and upside."

Negotiation Leverage Balanced
Value Add Reconfigure layout to create two units or modernize kitchen and bathroom
Pros
  • Large size (119 m²) with flexible layout for potential unit split
  • Located in high-demand, central Mercado area with strong rental market
  • Privacy with only one neighbor per floor and good transport links
Cons
  • Ground floor location may limit rental premium and natural light
  • Only one bathroom for three bedrooms limits appeal to larger households
  • Requires renovation to maximize value and rental yield
Description

Fantastic apartment for sale with very good and diverse renovation possibilities and a very good distribution of rooms, making it possible to accommodate large spaces, even separating it into two homes. It currently has three bedrooms, a living room, a huge independent kitchen, and a bathroom. It is a quiet and silent exterior ground floor. Also very interesting as an investment, as the average rent in the area for similar apartments is 1,600 euros per month. The home is located in the Mercado area, one of the most in-demand areas currently, in full boom, a cosmopolitan neighborhood where you can enjoy a wide variety of leisure and culture. The street is very quiet and the neighborhood is ideal for those who like to enjoy the city center. The building has only one neighbor per floor, which provides the home with a lot of privacy, and it also has all services at street level and very good transport links. If you are interested in visiting it or have any questions or doubts, you can write or call me at 6 2 6 5 0 2 8 9 5.

Features
Elevator
Exterior
Investment Summary
Purchase Price €219,000
Taxes (ITP 10%) + €21,900
Notary Fees + €1,840
Registry Fees + €701
Gestoría Fees + €657
Valuation + Other + €339

Total Investment €244,436
Est. Monthly Rent €1,300/mo
Est. Annual Rent €15,597/yr

Est. Yield 6.38%
Days on Market
115
First seen
2026-01-16
View on Idealista