House T6 in Cascais with 156 m²

THREE LICENSED RENTAL UNITS NEAR CARCAVELOS STATION AND BEACH

Reported Net Income of €71,773 in the Best Complete Year
Historical Net-Income Yield of Approximately 7.25%
Asking Price: €990,000

A rare opportunity to acquire an established coastal rental property comprising three independently usable residential units, three existing Alojamento Local registrations and a documented history of net rental income.

Located at Rua Dr. Manuel Arriaga 540 in Parede, within the municipality of Cascais, this two-storey property is approximately five minutes on foot from Carcavelos railway station and within walking distance of Carcavelos Beach.

It combines proven income, excellent transport connections and clear potential for further improvement—making it particularly attractive to investors seeking both immediate returns and long-term exposure to the Cascais coast.

A PROVEN INCOME-PRODUCING ASSET

The three units have generated approximately €197,735 in reported net rental income since 2023.

In 2024, the strongest complete calendar year, the property produced approximately €71,773 in net income. Based on the €990,000 asking price, this represents a historical net-income yield of approximately 7.25%, before acquisition costs and taxes.

Individual months have generated more than €12,000 in combined net income, demonstrating the property’s ability to perform strongly during periods of peak demand.

This is not a speculative short-term-rental conversion. It is an established accommodation business with three existing rental units, three AL registrations and a documented operating history.

THE PROPERTY

Set on a registered plot of 168 m², the property comprises:

• 156 m² of registered gross private area
• An additional 5 m² of gross dependent area
• A building footprint of 78 m²
• Approximately 90 m² of associated land and outdoor space
• Three independently usable residential divisions
• Three existing Alojamento Local registrations

The building is held as one property in full ownership and is arranged over two floors, with two independent units on the ground floor and a larger apartment occupying the first floor.

GROUND-FLOOR RIGHT UNIT — 53 M²

The larger ground-floor unit offers 53 m² of registered gross private area and is currently configured as a comfortable two-bedroom apartment.

Its practical layout, living area, equipped kitchen and access to outdoor space make it particularly attractive to families, small groups and guests seeking longer stays.

The unit is currently advertised under Alojamento Local registration 135766/AL.

GROUND-FLOOR LEFT UNIT — 25 M²

The second ground-floor unit provides 25 m² of registered gross private area and is currently configured as an efficient one-bedroom accommodation.

Compact, appealing and easy to operate, it is ideally suited to couples, solo travellers, business visitors and medium-term tenants.

The unit is currently advertised under Alojamento Local registration 135764/AL.

FIRST-FLOOR UNIT — 78 M² PLUS 5 M² DEPENDENT AREA

Occupying the upper floor, the largest unit offers 78 m² of registered gross private area plus 5 m² of gross dependent area.

Currently configured with three bedrooms, this apartment provides the space required to accommodate families and groups. Its generous layout and character features give it strong potential as the flagship accommodation within the property.

The unit is currently advertised under Alojamento Local registration 135765/AL.

AN EXCELLENT TRANSPORT-CONNECTED LOCATION

Carcavelos railway station is approximately 400 metres away—around five minutes on foot—providing direct connections to Lisbon, Oeiras, Estoril and Cascais.

Central Lisbon’s Cais do Sodré station can be reached by direct train in approximately 26 minutes, making the property appealing to tourists, business travellers, remote workers and international visitors who prefer not to rent a car.

Carcavelos Beach is approximately an 18-minute walk from the property. Cafés, restaurants, supermarkets, shops and essential services are also accessible on foot.

This combination of beach access, public transport and everyday convenience supports multiple guest profiles and both short- and medium-term demand.

SIGNIFICANT VALUE-ADD POTENTIAL

The property is already operational and income-producing, but there is tangible scope to improve performance through selective, cost-conscious upgrades.

Potential improvements include refreshed decoration, upgraded lighting and furnishings, improved ventilation or air conditioning, targeted bathroom enhancements, professional photography, smart-access systems and more active revenue management.

A carefully planned improvement programme could strengthen guest reviews, increase nightly rates and help restore annual net income toward—or potentially beyond—the property’s strongest historical performance.

A RARE CASCAIS COAST INVESTMENT

This property offers an increasingly difficult-to-find combination: three established rental units, three existing AL registrations, documented net income and a highly connected location within walking distance of Carcavelos Beach.

For an investor prepared to introduce thoughtful improvements and professional revenue management, it presents a compelling opportunity to acquire an operating coastal accommodation business with immediate income and further upside potential.

The property is offered as a single asset in full ownership. The three independently usable divisions are not represented as separate autonomous condominium fractions.

The reported net-income figures should be reviewed together with the supporting operating statements to confirm the expenses included in their calculation. The continuation or transfer of the AL registrations remains subject to confirmation of their current status and the applicable legal and municipal procedures.

Financial records and supporting property documentation are available to qualified interested parties.