Building with four units for sale in La Lonja, Palma Old Town
BUY: Multi-family house in Palma
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Overview
- Ref. No.
- KPP08313
- Bedrooms
- 9
- Bathrooms
- 9
- Living Space
- 542 m²
- Availability
- Available
- Location
- Spain, Palma
- Price
- 6.800.000 EUR
Interested?
Send me a Request
Description
Located in the heart of Palma’s Old Town, this historic building in La Lonja offers a rare opportunity to acquire an entire property in one of the city’s most sought-after areas.
The building has a constructed area of 1,339 m² and comprises 4 apartments, a dedicated wine cellar, 4 storage rooms, and 3 private parking spaces, with the possibility to create 2 additional spaces and a small plunge pool. Renovated in 2005, it combines traditional Mallorcan architecture with modern infrastructure, including a lift with key access to each apartment, a private garden, and a classic courtyard.
The ground floor is currently rented, providing immediate income, while the upper apartments are vacant and offer flexibility for private use, long-term rental, or luxury hospitality (subject to regulations).
Set within walking distance of the marina, restaurants, and boutiques, the location ensures consistent demand and long-term value.
Asking price: €6,800,000.
Estimated potential gross yield: 5–8%, depending on rental strategy.
A solid investment in one of Palma’s strongest micro-locations.
Please ask us for further information or to arrange a private viewing. We will not assume any liability for the information provided. Kensington reference: KPP08313
Description
Located in the heart of Palma’s Old Town, this historic building in La Lonja offers a rare opportunity to acquire an entire property in one of the city’s most sought-after areas.
The building has a constructed area of 1,339 m² and comprises 4 apartments, a dedicated wine cellar, 4 storage rooms, and 3 private parking spaces, with the possibility to create 2 additional spaces and a small plunge pool. Renovated in 2005, it combines traditional Mallorcan architecture with modern infrastructure, including a lift with key access to each apartment, a private garden, and a classic courtyard.
The ground floor is currently rented, providing immediate income, while the upper apartments are vacant and offer flexibility for private use, long-term rental, or luxury hospitality (subject to regulations).
Set within walking distance of the marina, restaurants, and boutiques, the location ensures consistent demand and long-term value.
Asking price: €6,800,000.
Estimated potential gross yield: 5–8%, depending on rental strategy.
A solid investment in one of Palma’s strongest micro-locations.
Please ask us for further information or to arrange a private viewing. We will not assume any liability for the information provided. Kensington reference: KPP08313
Overview
- Ref. No.
- KPP08313
- Bedrooms
- 9
- Bathrooms
- 9
- Living Space
- 542 m²
- Availability
- Available
- Location
- Spain, Palma
- Price
- 6.800.000 EUR
Interested?
Send me a Request
The property in Palma
The old town of Palma, also known as the "Casco Antiguo", is the heart of the capital of Mallorca and a fascinating labyrinth of narrow streets, squares and historic buildings. Amidst this ancient backdrop rises the imposing cathedral of Palma, "La Seu", with its striking Gothic architecture that dominates the skyline. In addition to the cathedral, the old town also includes impressive remains of old city walls and city gates that once protected the city, as well as the majestic royal palace, "Palau de l'Almudaina". The atmosphere of the city is vibrant and lively, characterized by a rich cultural diversity and a lively hustle and bustle. There is an abundance of stores, from traditional craft businesses to modern boutiques, as well as a variety of restaurants, bars and cafés that fill the streets and squares with life. The old town is also a cultural center with numerous museums, galleries and historical sites that offer insights into Mallorca's rich history and culture.
* Approximate location
Key data of the property
- Year Of Build
- 1900
- Living Space
- approx. 542 m²
- Bathrooms
- 9
- Bedrooms
- 9
- Condition
- Well-maintained
- Outdoor Spaces
- 3 Terraces
- Parking Spaces
- 3
- Property Type
- Multi-family house
Interested? Send me a Request
KENSINGTON Palma
Interested? Send me a Request
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