This exceptional building, located in the heart of Málaga, presents a unique opportunity for those seeking an investment with immediate income potential or a spacious residential property. Comprising eleven independent apartments, it is ready for occupancy and strategically positioned close to the beach and the vibrant city center. Its proximity to amenities and excellent accessibility make it an attractive option for both short-term and long-term stays, with significant return potential due to the already acquired tourist licenses.
Compared to projects like Acqua Gardens (€418,800) and Aby Upper (€320,000) in Estepona, or Alba Benalmadena (€699,000) in Benalmadena, this townhouse in Málaga positions itself in a higher price bracket, primarily due to its scale (11 units), central urban location, and direct rental potential with licenses. The €3,500,000 price reflects the value of a fully operational building in a prime city location on the Costa del Sol, rather than new developments that are yet to be constructed or are situated in less central areas. While the mentioned projects focus on individual homes or smaller complexes, this property offers economies of scale for investors. Málaga's urban context, with its rich history, cultural events, and excellent connectivity, distinguishes it from the more resort-focused residential areas in Estepona and Benalmadena.
Key characteristics of location, homes, project phase and points of attention.
Situated on a charming, quiet street, just steps away from Málaga's vibrant commercial and cultural hub. This central location ensures easy access to all urban amenities and the beach, providing a dynamic yet comfortable urban living experience.
With eleven self-contained apartments, each featuring its own kitchen and bathroom, this building offers flexibility for diverse living needs. Whether for a large family requiring space, seeking rental opportunities, or accommodating multiple generations, the configuration is highly adaptable to various lifestyles.
This building, with a 'Completed' construction status, is immediately available. The 'división horizontal' (horizontal division) has already been implemented, meaning the apartments are legally separate units. Furthermore, the presence of tourist licenses for nine of the eleven apartments offers an immediate start for rental activities.
While the building is close to amenities and the beach, it's important to note that it does not offer direct sea views from all apartments. The urban setting also means fewer private gardens compared to detached villas, with a focus on compact, efficient living space.
This property is worth considering for investors looking to start immediate rentals, thanks to the nine tourist licenses. It may also appeal to families wishing to occupy or rent out multiple units, or developers looking to leverage the 'división horizontal'. The city location, close to amenities and transport hubs like Málaga Centro Alameda train station (0.2 km), makes it a practical choice for those who don't require a car and prefer an urban lifestyle. It suits individuals who enjoy a lively environment with access to culture, the beach, and nightlife, without the typical distance to essential services.
The building features urban architecture, focusing on functional apartment layouts ranging from 36 to 48 m². Amenities such as air conditioning, fitted wardrobes, and private terraces per apartment, where feasible, enhance living comfort. The communal rooftop terrace provides additional space for relaxation and enjoyment of the local climate. The finishes are geared towards durability and practical use, suitable for the intensive nature of urban rentals and habitation.
This unique complex, consisting of eleven apartments, is offered starting from €3,500,000. Given its size, location in central Málaga, and existing active tourist licenses for nine units, this pricing represents a significant investment opportunity. The price per square meter of living space is competitive compared to similar commercial property transactions in the immediate vicinity, especially considering the potential for immediate rental income.
This townhouse is located in a vibrant urban environment in Málaga, a city renowned for its rich culture, gastronomy, and excellent infrastructure. Its proximity to Playa de la Malagueta beach (822 m as the crow flies) and the functional layout of the eleven apartments, ranging from 36 to 48 m², make it suitable for both residents and tourists. Amenities such as supermarkets (293 m) and hospitals (277 m) are within walking distance, contributing to daily convenience. The location is ideal for those who prefer urban living with direct access to the beach and culture, comparable to other cosmopolitan coastal cities.
Life in this part of Málaga revolves around urban dynamism with a Mediterranean flair. With amenities like restaurants (379 within 2 km), pharmacies (125), and banks (71) within walking distance, the area offers a high level of daily convenience. The fact that many of these locations are reachable on foot or by bicycle underscores the mobility within this urban center. The proximity to Playa de San Andrés beach (1.7 km as the crow flies) also offers readily available recreational opportunities.
This property is situated in the heart of Málaga, a bustling city on the Costa del Sol. The map highlights its close proximity to the beach, the port, and the historic center, underscoring its excellent urban location. It is an area with a high concentration of amenities and cultural attractions.
This project is strategically located in the city of Málaga, a major urban center on the Costa del Sol. It offers a direct connection to the vibrant Andalusian culture and economy, while also serving as a gateway to the wider region. The city itself functions as a hub for transport and tourism, presenting a contrast between urban dynamism and the relaxed lifestyle characteristic of the Costa del Sol.
Accessibility is a key advantage of this property. It is located just 8.4 km as the crow flies from Málaga-Costa del Sol Airport (AGP), facilitating international travel. Public transport is abundant with 42 bus lines and 78 stops, including train stations at a short distance like Málaga Centro Alameda (0.2 km). Most daily necessities, from supermarkets (293 m) to health centers (26 within 2 km), are reachable within minutes on foot or by bike, minimizing the need for a car.
| Beach Distance | 1.7 km |
| Malaga-Costa del Sol (AGP) | 8 km |
| Gibraltar (GIB) | 104 km |
| Málaga Centro Alameda | 0.2 km |
| Guadalmedina | 0.3 km |
Source: OpenStreetMap, Google Maps
Málaga enjoys a Mediterranean climate with average temperatures ranging between 12°C and 26°C annually, boasting an impressive 3,888 hours of sunshine per year. This climate supports an outdoor lifestyle for a significant part of the year, with a swimming season that lasts approximately five months when water temperatures consistently reach 20°C or higher. The project is situated just 8 meters above sea level, ensuring a flat environment ideal for coastal walks.
Source: Open-Meteo (2020–2025 average)
Málaga's coastline is dotted with beaches, including seven Blue Flag beaches such as Playa de la Malagueta (822 m) and Playa de San Andrés (1.7 km). Beyond beach activities, the region offers a wide array of sports facilities (586 in total), including sports centers like Centro Wellness (0.6 km). Golf enthusiasts have several courses within an 11 km radius, including Club de Golf Málaga Parador (8.5 km). The proximity to marinas, such as IGY Málaga Marina (1.1 km), adds maritime recreational options.
586 Facilities Available
Source: Blue Flag 2026, OpenStreetMap, CSD
This project is strategically located in the city of Málaga, a major urban center on the Costa del Sol. It offers a direct connection to the vibrant Andalusian culture and economy, while also serving as a gateway to the wider region. The city itself functions as a hub for transport and tourism, presenting a contrast between urban dynamism and the relaxed lifestyle characteristic of the Costa del Sol.
Málaga is a municipality of Spain and the capital of the province of Málaga, in the autonomous community of Andalusia. With a population of 592,346 in 2024, it is the 2nd-largest city in Andalusia and the 6th-largest in the country. It lies in Southern Iberia on the Costa del Sol of the Mediterranean, primarily on the left bank of the Guadalhorce. The urban core originally developed in the space between the Gibralfaro Hill and the Guadalmedina.
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.1°C | 62 mm |
| February | 12.4°C | 64 mm |
| March | 14.4°C | 53 mm |
| April | 16.4°C | 36 mm |
| May | 18.6°C | 33 mm |
| June | 22.7°C | 7 mm |
| July | 26.1°C | 1 mm |
| August | 26.4°C | 2 mm |
| September | 23.2°C | 9 mm |
| October | 19.3°C | 52 mm |
| November | 15.4°C | 77 mm |
| December | 12.8°C | 71 mm |
Flat
Ref: VL249830
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Maiko is a real estate expert specializing in the Spanish property 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 analyzes offerings based on location, market value, construction quality, and livability, providing honest, data-driven advice throughout the entire purchase process.
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