District VIII, Orczy Road – spacious grand bourgeois apartment in a building with elevator, excellent conversion potential

In Budapest’s District VIII, on Orczy Road, we offer for sale an 88 m², second-floor apartment in a well-maintained condominium with an elevator.

The classic grand bourgeois features – 3.3-meter ceiling height, large window surfaces, and a highly flexible layout – provide excellent opportunities both for private use and rental investment. The property currently requires renovation; however, several important upgrades have already been completed.

Bright living spaces and flexible layout

The apartment currently consists of two larger rooms and one smaller room. Thanks to the large windows and east-facing orientation, the rooms are bright and receive abundant natural light in the morning hours.

* 2 large rooms – approx. 25 m² each
* 1 small room – 9 m²
* 3.3-meter ceiling height
* east-facing orientation
* street view towards Orczy Road

The high ceiling also allows for the creation of a sleeping or storage gallery.

Kitchen and service areas

The apartment includes a separate kitchen, pantry, bathroom, and separate toilet. The layout is well organized, and the size and arrangement of the rooms provide strong potential for redesign.

Two independent entrances – rare investment advantage

A rare feature in this category: the property has two separate entrances.

Based on the current layout, it can definitely be converted into:

* an independent approx. 18 m² studio apartment
* and an approx. 70 m², two-bedroom full-comfort apartment

The floor plan also allows for a potential 50–50 split, which can be precisely determined following a technical assessment.

For investor buyers, the property offers multiple rental configurations suitable for 3–5 students, for example:

Possible conversion options (non-exhaustive):

* 1 self-contained apartment + two large rooms with possible galleries, shared bathroom and mini kitchen
* 1 self-contained apartment + two large rooms with possible galleries, each with private bathrooms and mini kitchen
* 4 small gallery rooms + 2 bathrooms/WC units + separate WC + large kitchen with dining area

Technical condition

Several important renovations have already been carried out in recent years:

* modern plastic windows on the street-facing side
* electrical system and fuse box have been replaced
* bathroom and separate toilet were renovated a few years ago

The heating system can be upgraded according to the preferences of the new owner.

Building

* elevator-equipped building
* well-maintained condominium
* classic corridor-style building in generally good condition
* the apartment is not accessed directly from the corridor

Transport

Excellent transport connections in the area:

* trams 23, 24, 28, 28A, 62
* trolleybus 83
* buses 24 and 99

The city center, universities, and major employment hubs are quickly accessible by public transport. The National University of Public Service (NKE), Semmelweis University (SOTE), and several faculties of Óbuda University are within walking distance. The area consistently benefits from strong student demand.

This property is an ideal choice for those looking to design a spacious, classic bourgeois-style home according to their own vision, as well as for investors who value the flexibility provided by the two separate entrances.

For viewing appointments, please feel free to contact us. We also provide legal and mortgage advisory services for our clients.