Elegant Historic Apartment in Olivais, Lisbon – Expandable Luxury Residence with Private Terrace

Magnificent 4-Bedroom Duplex Manor House with Potential to Expand to a 7-Bedroom Duplex Fall in love with this charming 203 m² duplex manor house dating back to 1899, full of character and historical details, featuring a private 132 m² terrace. Ideally located just steps from Parque das Nações, in the heart of the historic Olivais district of Lisbon. This property – formerly known as the Casa dos Almadas – is part of the urban complex of Praça da Viscondessa dos Olivais, classified in 1981 as a Property of Public Interest. As such, it is exempt from IMI and IMT property taxes. The property comprises the entire first floor of the building, including a converted attic/mezzanine space that adds a unique sense of modernity and brightness. With 3-meter-high ceilings, solid wood flooring, traditional wooden shutters, and a façade adorned with classic Portuguese tiles, this home seamlessly blends period charm with contemporary potential. A project for expansion has already been approved by Lisbon City Council. It proposes full use of the mezzanine to add a second floor with three additional bedrooms and two bathrooms. The architectural project is included in the sale and can be provided upon request. With this expansion, the house would become a 7-bedroom duplex. Note: The ground-floor right-hand apartment (registered as a 2-bedroom unit) also belongs to the current owners and may be available for purchase through negotiation. This could allow for an even greater expansion of the living space or serve as an excellent long-term rental or short-term rental investment opportunity. Highlights: Prime location: Just minutes from the vibrant Parque das Nações and Gare do Oriente transport hub, with access to all major public transport services. Spacious interiors: Two apartments joined together with a mezzanine and attic, offering a truly unique layout with potential for expansion. Private 132 m² terrace: Ideal for relaxing and enjoying outdoor living. Historic charm: A home full of character and timeless appeal. Layout: First Floor: Three bedrooms, one of which is 23 m² Two bathrooms Spacious living room (35 m²) Kitchen with direct access to the terrace Attic/Mezzanine: Office area Additional bedroom Open view overlooking the living room Amenities: Easy parking at the doorstep Schools and supermarkets nearby