Complete Building with Renovation Potential in Balat Square, Istanbul
$900,000$6,429/m²
3
bedrooms
3
bathrooms
140 m²
interior
40 m²
plot
House
property type
1 week ago
listed
The Habio take
AI summaryThis complete building in Balat Square features three apartments and a ground floor shop, ideal for investment. Located in the historic Fatih district, it offers excellent public transport connections and proximity to attractions.
- investment
- city
- historic
- rental income
Highlights
- Located in a historical area
- Strong Airbnb rental potential
- Renovation-ready for customisation
- Excellent public transport connections
- Close proximity to social amenities
Worth knowing
- Building requires renovation
- Limited outdoor space on the plot
Good fit for: Ideal for investors seeking rental income in a tourist-friendly area.
Lifestyle scores
- Beach
- 50
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 55
- Airport access
- 80
- Investment
- 85
- Luxury
- 65
- Value
- 70
About this place
This double-facade building sits on a corner position in the vibrant Balat Square within the Fatih district of Istanbul. Known for its historical architecture, Fatih is a highly central area that attracts tourists and enjoys strong connectivity to various public transport options and essential amenities.
The property comprises three apartments, each with 1 bedroom, and a shop on the ground floor, offering a total internal area of 140 m² and a plot size of 40 m². The apartments span 35 m² each, while the shop has a usage area of 20 m². For those looking to invest, this building is in a prime location known for high rental income potential, particularly in the Airbnb market.
Notable interior features include steel exterior doors, shower cabins, TV satellite systems, spot and LED lighting, ceramic coated flooring, and modern heating solutions with gas combi and underfloor heating. The building is positioned just 300 m from the main avenue and tram station, 450 m from the sea, and within walking distance to several major attractions, including Topkapi Palace and Hagia Sophia.
What this place offers
- underfloor heating
- air conditioning
- shop
- furnished
Buying Property in Turkey
Purchasing a home in Turkey involves several legal and financial steps, including dealing with local authorities for deed transfers and compliance checks. Buyers should budget for taxes, appraisal, and potential legal fees on top of the property price.
Foreign buyers face restrictions such as land ownership limits and prohibitions in military zones.
The legal environment can vary slightly depending on regional laws and recent legislative changes.
Sources consulted (2026-07-27): - Property Purchase in Turkey: A Foreigner’s Guide to Buying Real Estate (2025) - Turkish Council: https://www.turkishcouncil.org/property-purchase-in-turkey-a-foreigners-guide-to-buying-real-estate-2025/?utm_source=habio - Can Foreigners Buy Property in Turkey? - LegalClarity: https://legalclarity.org/can-foreigners-buy-property-in-turkey/?utm_source=habio
It's crucial for buyers to verify information with a qualified local professional to ensure compliance with current regulations.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
