Flat for sale in Palacio, Madrid city, Madrid

In the historic heart of Madrid, ideal both to live in and to invest, with immediate rental returns.

Located on Travesía del Almendro, in the iconic Madrid de los Austrias neighborhood, we are offering for sale this charming, bright interior first-floor apartment, perfect for those seeking peace and quiet in one of the most vibrant areas of the capital.

The home features 53 m² very well laid out, providing a functional space with character:

Living-dining room with an open-plan kitchen, modern and practical
Separate bedroom
Full bathroom

The property has been refurbished, is ready to move into, and is currently rented for 1,200/month, making it an ideal option for investors seeking returns from day one.

Among its features, the following stand out:

Elegant hydraulic tile flooring, adding personality and style
Air conditioning
Built-in wardrobes, optimizing space

The building is one of its major added values: a stately building from 1800, rehabilitated in 2005, which preserves all the charm of classic Madrid architecture, combining history and comfort.

A privileged location

Living in Madrid de los Austrias means enjoying one of the city’s most authentic and sought-after areas. Just a few minutes away, you’ll find such iconic places as Plaza Mayor, the Royal Palace of Madrid, or the Mercado de San Miguel.

The area offers:

A wide range of restaurants and leisure options
Traditional shops and boutiques
Excellent public transport connections
Strong tourist and cultural appeal, ensuring high demand for rentals

A home with character, location, and rental income—perfect for those looking to invest in Madrid’s most in-demand areas or to enjoy a house with history in the heart of the city.