Budapest VI. kerület, Lovag utca For sale brick apartment

Renovated Investment Property with Three Independent Studios in Budapest’s District VI

A 55 m² apartment converted into three fully self-contained studio units is available for sale on Lovag Street, in Budapest’s District VI. The property is sold as a single investment, fully furnished, with low running costs and ready for immediate rental use.

Located on Lovag Street in Budapest’s prestigious central District VI, the property is legally registered as one apartment but has been functionally divided into three independent living spaces.

Situated on the first floor of a classic residential building dating back to the 1890s, this 55 m² apartment underwent a complete technical and aesthetic renovation in late 2023. The owner redesigned the property with a clear investment strategy, transforming it into three independent compact studios following a unified concept.

The three studios are sold together, as they are registered under a single cadastral property number. However, each unit functions as a completely independent living space. The property is sold fully furnished, including all furniture and equipment shown in the photographs.

Each studio features its own:

* Living/sleeping area
* Kitchenette
* Private bathroom with toilet

The comprehensive renovation included:

* Complete replacement of all electrical wiring and plumbing
* Installation of an H-tariff electricity meter, allowing access to preferential electricity rates for eligible heating systems
* Individual heating and cooling air-conditioning systems in all three units, each with its own outdoor unit
* No gas installation; each studio has its own electric water heater
* Installation of modern PVC-framed windows
* Optimisation of the original ceiling height of over 4 metres through the installation of uniform suspended ceilings

The property was previously operated as a short-term rental investment and offers excellent flexibility for various future uses, including:

* Medium- and long-term residential rentals
* Accommodation for university and Erasmus students
* Housing for professionals working in Budapest but living elsewhere
* Service-oriented businesses, such as massage studios, beauty salons or office spaces

The property is currently listed and operated on both Airbnb and under professional property management.

Prime Central Budapest Location

Lovag Street is located in the heart of Terézváros, one of Budapest’s most established central neighbourhoods, just a few minutes’ walk from Oktogon, Andrássy Avenue and the Grand Boulevard.

The area benefits from consistent rental demand thanks to its excellent public transport connections, including the M1 metro line, tram lines 4 and 6, and several bus routes.

Universities, office buildings, shops, restaurants, essential services and cultural attractions are all within walking distance.

Despite its prime city-centre location, the apartment enjoys a quiet position overlooking the building’s inner courtyard, offering a rare combination of central convenience and tranquillity.

Building Information

The property is situated in a traditional Budapest residential building with classic architectural features. The staircase and common areas are in average condition.

The building’s water supply pipes and electrical wiring have already been modernised. Renovation of the façade and structural floor slabs is planned, and the condominium association has accumulated financial reserves for these improvements.

Low Operating Costs

Monthly condominium maintenance fee: HUF 18,000, including unlimited water consumption for all three units.

Average additional monthly utility costs: approximately HUF 10,000, also covering all three units combined.

These low operating costs make the property particularly attractive from an investment perspective.

An Attractive Investment Opportunity

If you are looking for a centrally located Budapest investment property that can be managed as a single asset while offering multiple income-generating possibilities, please feel free to contact me for further information or to arrange a viewing.

Real estate agents and intermediaries are kindly requested not to contact me regarding the sale of this property.