Renovation-Ready 2 Bed Apartment in Setubal
€200,000€3,333/m²
2
bedrooms
60 m²
interior
60 m²
plot
Apartment
property type
4 Aug 2026
listed
The Habio take
AI summaryThis two-bedroom ground-floor apartment in Setubal offers excellent renovation potential in a vibrant coastal location. Setubal is renowned for its rich maritime heritage, lively culinary scene, and stunning natural landscapes.
- beach
- investment
- coastal
- quiet
Highlights
- Ground-floor apartment for easy access
- Highly desirable coastal location
- Immediate rental income opportunity
- Customisation options for renovation
- Close to amenities and public transport
- Strong investment potential in Setubal
Worth knowing
- Requires full renovation
- Currently tenanted, which may affect immediate use
Good fit for: Ideal for investors or buyers seeking a renovation project in a vibrant coastal city.
Lifestyle scores
- Beach
- 80
- Walkable
- 70
- Remote work
- 60
- Family
- 55
- Retirement
- 70
- Airport access
- 70
- Investment
- 75
- Luxury
- 50
- Value
- 65
About this place
Situated in the heart of Setubal, this two-bedroom apartment presents a unique renovation and investment opportunity. With a total size of 60 m², the apartment features a flexible layout comprising two bedrooms, a central living area, a dedicated kitchen space, and one bathroom. Currently tenanted, it offers immediate rental income, making it an attractive prospect for investors.
The property's location is highly desirable, with easy access to Setubal's charming restaurants, cafés, and the famous Mercado do Livramento, well-known for its fresh fish and produce. Nature enthusiasts will appreciate its proximity to the turquoise waters of Arrabida Natural Park and the Sado Estuary, which hosts a resident population of dolphins. Additionally, the excellent transport links to central Lisbon and the airport (approximately 45 minutes away) enhance the property's appeal.
As a blank canvas needing full renovation, this apartment allows for complete customization, enabling buyers to reimagine the space into a modern coastal retreat or a high-yield rental investment. Priced competitively at €200,000, it provides significant upside potential for savvy investors in one of Portugal's emerging real estate markets.
What this place offers
- unfurnished
- ground floor
- currently tenanted
- private parking
- private garden
Where you’ll be
Setubal, Setubal, Portugal
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Portugal
Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
Mortgages are available to non-residents, typically up to 60–70% LTV.
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023).
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

