Renovated 3-Unit Investment Property in Budapest’s 6th District.

A 55 sqm apartment converted into three separate mini studio units is for sale in Budapest’s 6th district, on Lovag Street. The property is being sold as one unit, fully furnished, with low utility costs and ready for immediate use.

Located in Budapest’s 6th district on Lovag Street, the property is legally registered as one apartment but functionally operates as three separate living units.

Situated on the first floor of a classic bourgeois condominium building constructed in the 1890s, this 55 sqm apartment underwent a complete technical and aesthetic renovation at the end of 2023. The owner redesigned the property with a conscious investment approach, transforming it into three independent mini studios based on a unified concept.

The three apartments are for sale together, as they are registered under a single cadastral number. However, each unit functions as a fully independent living space. The property is sold fully furnished as shown in the photos.

Each unit has its own:
- room,
- kitchenette,
- bathroom with toilet.

During the renovation:
- the entire water and electrical systems were replaced,
- an H-tariff electricity meter was installed,
- each unit was equipped with its own heating–cooling air conditioning system, with separate outdoor units,
- there is no gas in the property; hot water is supplied by electric boilers,
- modern plastic (uPVC) doors and windows were installed,
- the original ceiling height of over 4 meters was optimized with a uniform suspended ceiling.

Previously operated as a short-term rental, the property can now be flexibly utilized in several ways:
- medium- or long-term rental,
- for university students or Erasmus students,
- for professionals working in Budapest but living outside the city,
- or even for service-related purposes (e.g., massage, beauty services, office use).

Lovag Street is located in the inner, classic urban fabric of Terézváros, just a few minutes’ walk from Oktogon, Andrássy Avenue, and the Grand Boulevard.

The area benefits from constant rental demand thanks to excellent public transportation (M1 metro line, tram 4–6, multiple bus routes), as well as the proximity of universities, offices, services, and cultural venues within walking distance.

This is further enhanced by the property’s quiet location facing the inner courtyard, offering a rare combination in a downtown setting.

The condominium building has a classic bourgeois character, and the staircase is in average condition. The water and electrical systems of the building have already been modernized, and the renovation of the façade and roof structure is planned, for which the condominium association has savings allocated.

Common costs: HUF 18,000 per month, including unlimited water consumption (for all three units).
Average monthly utilities: approximately HUF 10,000 (also for all three units combined).

If you are looking for a property that can be managed as a single unit yet offers multiple utilization possibilities in a stable downtown location, please feel free to call for further details or to arrange a viewing.

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