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1st District of Athens
1st District of Athens | Athens

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Ktimatoemporiki Real Estate
Ktimatoemporiki Real Estate
Presented At
€2,750,000
Bedrooms
8
Living
6,868
SQM
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1st District of Athens, Athens, Greece. , 1st District of Athens , Athens

2056521 - Residential Building For sale, Kentro, 638 sq.m., €2.750.000

Building for sale in Athens. This exceptional neoclassical corner building, offering 638 m² of fully restored space, represents a rare investment opportunity in the heart of Athens. Originally constructed in 1910 and meticulously renovated in 2020, the property preserves its architectural heritage while delivering modern comfort and infrastructure. Classified as a protected listed stone building, it showcases the timeless charm of Athenian neoclassical design, enhanced by elegant interiors and high-end finishes. With Energy Class B+, three-phase power, structured cabling, air-conditioning and complete furnishing, the property is fully prepared for immediate commercial use. The building spans four levels and consists of eight independent apartments, two on each floor, all beautifully designed, furnished and fully operational. Each unit is licensed as a short-term tourist accommodation under the official EOT permit, and the entire building functions successfully as a boutique hospitality operation with strong occupancy and proven returns. Its turnkey condition makes it ideal for investors seeking a stable and income-generating asset in one of the most dynamic districts of Athens. Located in a prime position in Psyrri, directly opposite a well-known hotel and surrounded by restaurants, cafés, cultural attractions and metro access, the property benefits from constant tourist flow and year-round demand. The combination of heritage architecture, modern renovation, premium location and established rental performance positions this neoclassical gem as a secure and highly attractive investment in the booming Athens hospitality market. Building for sale in Athens. Location information: Athens stands as the most glorious city in the world, revered by gods and cherished by people alike. Indeed, this enchanting capital remains the birthplace of civilization. Above all, democracy emerged here, shaping societies worldwide. Moreover, many of the ancient world’s wisest minds lived and shared knowledge in this historic city. Consequently, Athens fostered an influential civilization, leaving behind extraordinary monuments that continue to inspire. As you explore Athens, you will notice its striking contrasts. For instance, the historic triangle of Plaka, Thission, and Psyri beautifully blends past with present. On one side, old mansions—some meticulously preserved, others gracefully aged—stand beside contemporary buildings. At the same time, luxurious department stores coexist with charming boutique shops, offering endless shopping opportunities. Likewise, elegant restaurants serve exquisite gourmet dishes, while traditional taverns faithfully uphold Greek culinary traditions. At the city’s heart, Syntagma Square pulses with energy, hosting the Parliament and key government ministries. Just a short walk away, Monastiraki enchants visitors with vibrant markets, while Kolonaki captivates with sophisticated boutiques. Meanwhile, Lycabettus Hill offers breathtaking panoramic views all year round. Beyond the city center, the coastal areas of Faliro, Glyfada, Voula, and Vouliagmeni provide refreshing sea breezes and stunning beachside experiences. Alternatively, heading north, Marousi, Melissia, Vrilissia, and Kifisia boast an elegant and refined atmosphere. Athens also dazzles with its electrifying nightlife. As the sun sets, the city comes alive with entertainment for every taste. Most notably, the famous 'bouzoukia' venues mesmerize visitors with live Greek music and spirited dancing. Additionally, numerous theaters showcase diverse performances, enriching the city’s cultural scene. With its unparalleled charm and enduring allure, Athens remains a divine city, standing proudly as a timeless beacon of civilization. PROPERTY ID: AB-1616. Ktimatoemporiki Real Estate, contact phone: [hidden information], email: [hidden information], website: [hidden information]

Gallery

3D Street View Tour

Map showing 1st District of Athens, Athens, Greece.

Property Location

1st District of Athens, Athens, Greece., 1st District of Athens Athens

Local Weather & Climate

1st District of Athens, Athens

Current Conditions Updated recently
53 °F
Scattered clouds
Feels Like 52°F
Humidity 87%
Wind 17 mph
Visibility 6.2 mi
Sunrise 5:29 AM
Sunset 3:47 PM
5-Day Forecast
Sun 1 Feb
Rain
High 53°
Low 53°
Mon 2 Feb
Clouds
High 55°
Low 48°
Tue 3 Feb
Clouds
High 57°
Low 48°
Wed 4 Feb
Clouds
High 60°
Low 50°
Thu 5 Feb
Rain
High 58°
Low 54°
Annual Climate Based on last 12 months
59° Avg Low
Mar
73° Avg High
Aug
129 Rainy Days
per year
Arid
Semi-Arid
Moderate
Wet
29.6" Annual Rainfall
Semi-Arid climate
Monthly Temperatures
Jan
57°
46°
Feb
59°
48°
Mar
60°
45°
Apr
69°
54°
May
76°
60°
Jun
88°
72°
Jul
92°
76°
Aug
94°
77°
Sep
85°
68°
Oct
72°
59°
Nov
68°
57°
Dec
60°
48°
Data from OpenWeatherMap & Open-Meteo

Walkability & Transit Scores

How easy is it to get around 1st District of Athens?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in 1st District of Athens. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $275,000,000 20% down ($55,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$23,631
$23,631/day
Your home may appreciate while you sleep
$165,869/week $718,767/mo $8,625,200/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$151.3M
vs
OWN 📈 +$214.7M
$214.7M Potential Equity
vs $151.3M lost to rent over 10 years
$55.0M Down Payment Growth
3.9x
10yr
$214.7M
8.1x
20yr
$444.4M
12.6x
30yr
$694.5M
Wealth Comparison
×1,654
Equivalent to 1,654 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $694.5M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $323.9M +18%
Market $374.5M +36%
Optimistic $432.2M +57%
$214.7M est. equity
20 Years
Conservative $381.4M +39%
Market $510.0M +85%
Optimistic $679.1M +147%
$444.4M est. equity
30 Years
Conservative $449.2M +63%
Market $694.5M +153%
Optimistic $1,067.3M +288%
$694.5M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This other at 1st District of Athens, Athens, Greece features 8 bedrooms with 6,868 square feet of living space.
This property offers 6,868 square feet of living space.
This property is listed at $275,000,000, which equals $40041 per square foot.
Based on current market indicators, 1st District of Athens shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
1st District of Athens features a pleasant climate. Average temperatures range from 59°F in winter to 73°F in summer. The area receives approximately 29.6 inches of precipitation annually. There are about 129 days with rain throughout the year. This climate information can help you plan for seasonal activities and energy costs.
1st District of Athens tends to be warmest in Aug and coldest in Mar. The shoulder seasons of spring and fall often offer the most comfortable weather for moving and outdoor activities.
This is a other located in 1st District of Athens, Athens. The property is situated in an established neighborhood with convenient access to local amenities and services.
Ktimatoemporiki Real Estate

Ktimatoemporiki Real Estate

Ktimatoemporiki Real Estate

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