Income-Generating Apartment Complex in Marbella Old Town
€1,500,000
€4,505/m²
- 1
- Bedroom
- 1
- Bathroom
- 333 m²
- Interior
- Apartment
- Type
- 24 Sept 2026
- Listed
The Habio take
This entire four-storey building in Marbella's historic Old Town combines income-generating capabilities with renovation potential. It's ideally located just steps from Plaza de los Naranjos and the beach, perfect for investors.
- investment
- rental income
- historic
- beach
Highlights
- Entire building with no community fees
- Existing commercial lease with steady income
- Licensed tourist penthouse with хороший rental history
- Rooftop terrace adds value
- substantial renovation potential
- Strategic location in Marbella's Old Town
Worth knowing
- Renovation and conversion may require planning approvals
- Existing commercial lease limits flexibility
Good fit for: Ideal for investors seeking a profitable urban asset with growth potential.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 70
- Family
- 55
- Retirement
- 60
- Airport access
- 75
- Investment
- 85
- Luxury
- 70
- Value
- 60
About this place
This rare opportunity in Marbella's Old Town offers an entire four-storey building with 333 m² of built area. The ground floor features a spacious commercial unit of approximately 100 m², which has been leased to a reputable tenant for 16 years, generating an annual rental income of €22,800 until 2028.
The top floor includes a penthouse with a valid short-term rental licence, which has successfully operated on Airbnb for over a decade, boasting a Superhost status and an impressive rating of 4.94 from 175 reviews. An outstanding rooftop terrace of around 100 m² provides additional appeal, enhancing the property’s attractiveness.
The first and second floors present approximately 201 m² of space, ideal for renovation with the possibility of conversion into additional residential units or an accommodation project, subject to necessary planning approvals. This property not only serves as an income-producing investment from day one but also has significant potential for value creation in one of Marbella's most desirable tourist locations.
What this place offers
- commercial unit
- rooftop terrace
- licensed penthouse
- airbnb superhost status
Where you’ll be
Marbella, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
