Budapest V. kerület, Honvéd utca 40. For sale brick apartment

Four Separate Residential Units in One Property in Budapest’s District V – 160 m², HUF 165 Million

A unique investment opportunity in one of Budapest’s most valuable locations, on Honvéd Street in District V: four fully separated apartments, each with its own kitchen and bathroom, are offered for sale within a single property.

This ground-floor property has an internal two-level layout and approximately 160 m² of actual usable space. In addition to the four apartments, it includes a shared laundry room, a storage room, a staircase and circulation areas.

The four residential units:

• Apartment 101 – 41 m²
Living room, separate bedroom, kitchen and bathroom.

• Apartment 102 – 28 m²
One-room studio apartment with an integrated kitchen and a separate bathroom and toilet.

• Apartment 103 – 32 m²
One-room studio apartment with a kitchen and a separate bathroom and toilet.

• Apartment 104 – 43 m²
Two rooms, a separate kitchen, bathroom and toilet.

The four residential units have a combined private area of 144 m², complemented by approximately 16 m² of shared space comprising the laundry room, storage room, staircase and circulation areas.

The property underwent a complete renovation in 2018 and is in good condition, fully furnished and equipped. Each residential unit is air-conditioned, while heating is provided by a central gas-fired combi boiler.

WHO IS THIS PROPERTY IDEAL FOR?

1. Investors

All four apartments are currently occupied by reliable long-term tenants. The total monthly rental income is HUF 750,000, corresponding to an annual gross income of HUF 9,000,000 and an approximate annual gross yield of 5.45% based on the purchase price.

The monthly common charge is only HUF 37,000, while the current utility costs for the entire property are approximately HUF 80,000 per month. Water, gas and electricity consumption is measured through shared meters.

2. Four friends or acquaintances

Four friends can jointly purchase a property in central Budapest while each enjoying their own fully separated living space, kitchen and bathroom.

For illustration purposes only, the proportional allocation of the total HUF 165 million purchase price would be:

• 41 m² residential unit: approximately HUF 47 million
• 28 m² residential unit: approximately HUF 32 million
• 32 m² residential unit: approximately HUF 37 million
• 43 m² residential unit: approximately HUF 49 million

These figures include each unit’s proportional share of the common areas and do not constitute separate purchase prices. The property is available for sale exclusively as a whole; the individual residential units are not sold separately.

3. Multigenerational families

The layout allows several generations to live close to one another while retaining their own independent and private living spaces.

4. Combined owner occupation and rental

The future owner may use one or more units for personal purposes while renting out the remaining units on a long-term basis.

LOCATION AND PRICING

The property is located at a prestigious address in Budapest’s District V, in an exceptionally well-connected part of the city centre. Public transport, shops, services, restaurants and many of the city’s key destinations are within comfortable walking distance.

The quiet, turn-of-the-century residential building has a well-maintained and attractive inner courtyard. The windows of the apartments overlook this courtyard.

Due to its ground-floor position and inner-courtyard orientation, the property receives limited natural light and no direct sunlight. The purchase price of HUF 165 million reflects these characteristics. Based on the approximately 160 m² of actual usable space, the price is only around HUF 1.03 million per square metre—exceptionally favourable for a property in good condition in Budapest’s District V.

IMPORTANT INFORMATION

According to the Land Registry, the property is registered as a 79 m² condominium apartment. The actual internally developed and used area, arranged over two levels, is approximately 160 m². The four residential units are not four separately registered condominium units; they are four separated living units located within a single registered property.

The property is offered for sale exclusively as a whole. The individual residential units cannot be purchased separately.

If you are looking for a distinctive city-centre investment, wish to purchase a home together with three friends, or need separate living spaces for several generations, this property is well worth viewing in person.