Located in the Olletas area of Málaga, this four-story building presents a significant investment opportunity. The property comprises 10 apartments and four commercial premises, offering a diverse income stream. Situated in a residential area known for its growth potential, the building benefits from its proximity to essential services and transport links to Málaga city centre. The south-facing orientation ensures ample natural light throughout the day.
Key characteristics of location, homes, project phase and points of attention.
The building is positioned in Olletas, a residential area northeast of Málaga city centre. This location provides a balance between a quiet, family-friendly environment and convenient access to the city's amenities. Its established nature and ongoing development contribute to its appeal for both residents and investors.
This property caters to those seeking a multi-unit investment with both residential and commercial components. The apartments are suitable for long-term or holiday rentals, while the commercial premises offer additional income potential. The building's location provides access to necessary amenities and transport options.
While the building is not new construction, it offers renovation possibilities that could enhance its value. The absence of a lift is a current limitation, but upgrading this and other features could increase the property's profitability. The building is currently tenanted, providing immediate rental income.
The property lacks certain modern amenities such as a lift. There is no dedicated parking beyond street parking. The apartments are not furnished, offering a blank canvas for tenants or owners. The kitchen is only partially fitted, requiring additional investment for full functionality.
This property would suit investors looking for a project with immediate income and future growth potential. It is well-suited for those familiar with property management and renovation projects. The location is ideal for those who appreciate a residential area with good transport links to a larger city. It is also suitable for investors seeking both residential and commercial rental opportunities.
The building is described as being in 'good' condition, suggesting a sound structure. However, potential buyers should conduct thorough inspections to assess the quality of existing materials and finishes. The inclusion of a private terrace is a notable feature. The partially fitted kitchen allows for customisation, but will require further investment to complete.
Priced from €3,182,000, this building offers a potentially profitable investment in Málaga's property market. The price reflects the existing structure, its rental income, and the potential for renovation. Interested parties should inquire about the specifics of the tenancies and the terms of sale.
Daily life in Olletas offers a blend of residential tranquility and urban accessibility. The area is characterised by its local shops, schools, and parks, creating a family-friendly atmosphere. Residents can easily access Málaga city centre for work, shopping, or leisure, returning to a quieter environment in the evenings. The presence of commercial premises within the building adds a convenient element to daily living.
Located within a 2km radius are hundreds of restaurants, pharmacies, banks and cafes. The building benefits from access to 50 public transport lines and stops. The nearest beach, Playa de San Andrés, is approximately 2.3 km away, providing easy access to the coastline. The building's proximity to these amenities contributes to its convenience and desirability.
The map illustrates the building's location within the Olletas area of Málaga, highlighting its proximity to key amenities, transport links, and the city centre.
Situated in Olletas, Málaga, the building benefits from its proximity to the city centre while retaining a residential atmosphere. Málaga offers a blend of cultural attractions, shopping, and dining experiences. The location provides a convenient base for exploring other towns and attractions along the Costa del Sol.
The building is well-connected, with the Atarazanas train station located just 0.4 km away. Málaga Airport is approximately 9 km distant, facilitating international travel. The beach is a short drive or bus ride away. Golf enthusiasts will find several courses within a reasonable driving distance.
| Beach Distance | 2.3 km |
| Malaga-Costa del Sol (AGP) | 9 km |
| Gibraltar (GIB) | 104 km |
| Atarazanas | 0.4 km |
| Málaga Centro Alameda | 0.8 km |
Source: OpenStreetMap, Google Maps
Málaga enjoys a Mediterranean climate with average temperatures ranging from 12°C to 27°C. The area benefits from approximately 3,893 hours of sunshine per year, creating a pleasant outdoor environment. The swimming season extends for about six months, with water temperatures above 20°C. The building's elevation is 17m above sea level.
Source: Open-Meteo (2020–2025 average)
The nearest beach, Playa de San Andrés, offers a range of recreational activities. Málaga boasts numerous Blue Flag beaches, recognised for their cleanliness and facilities. The Costa del Sol is renowned for its golf courses, providing ample opportunities for golfing. The area also offers various sporting facilities, catering to an active lifestyle.
Source: OpenStreetMap
Situated in Olletas, Málaga, the building benefits from its proximity to the city centre while retaining a residential atmosphere. Málaga offers a blend of cultural attractions, shopping, and dining experiences. The location provides a convenient base for exploring other towns and attractions along the Costa del Sol.
| Month | Avg. Temperature | Rainfall | Sun Hours |
|---|---|---|---|
| January | 12.5°C | 62 mm | 177h |
| February | 13.2°C | 56 mm | 201h |
| March | 14.9°C | 66 mm | 216h |
| April | 16.9°C | 41 mm | 249h |
| May | 19.8°C | 23 mm | 291h |
| June | 23.6°C | 4 mm | 336h |
| July | 26.1°C | 0 mm | 342h |
| August | 26.7°C | 3 mm | 312h |
| September | 23.8°C | 25 mm | 261h |
| October | 19.9°C | 61 mm | 213h |
| November | 15.8°C | 77 mm | 177h |
| December | 13.4°C | 88 mm | 156h |
Flat terrain — easy cycling to the beach
Ref: VL583314
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Compared to projects like VL614066 in Los Monteros (€3,900,000), VL725987 in Benalmadena Pueblo (€3,000,000), and VL363988 in Elviria (€3,200,000), this property offers a potentially lower entry point for investors seeking a multi-unit building. While those projects may offer different locations or amenities, this building provides a centrally located opportunity in Málaga with established rental income and renovation potential.
Maiko is a real estate expert specialising in the Spanish housing market. With in-depth knowledge of the Costa del Sol, Costa Blanca and other popular coastal regions, he helps buyers find the right property. He analyses properties based on location, market value, construction quality and liveability, and provides honest, data-driven advice throughout the buying process.
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