Frankly.
Exterior penthouse for renovation in Almagro, Madrid
€795.000
3-bed penthouse with terrace in Almagro, Chamberí
3
bed
2
bath
67
At a glance:
Terrace · Lift · Classic building · Needs renovation

In the refined Almagro district, this exterior ground-floor apartment occupies a classic building with lift access. The space unfolds with a direct connection to an outdoor terrace, offering a rare point of contact with the city’s light and air. Original period details remain intact, awaiting restoration to reveal their full character. The layout includes three bedrooms and two bathrooms, with the possibility to redefine the interior to suit a new vision.

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Listings that informed this estimate · almagro
THE NEIGHBORHOOD

Almagro

Almagro is the quiet pocket tucked between Chamberí and the Castellana — a handful of blocks where old-money Spanish families, diplomats, and private-office founders have lived for generations. Streets like Calle Fortuny, Calle Zurbano, and Calle Almagro itself are lined with late-19th-century palacetes originally built as single-family residences, mostly subdivided into one or two full-floor apartments per building, with a few still in the hands of the founding families. The density of embassies and consulates per block is the highest in Madrid outside the formal diplomatic strip on Castellana. The housing stock is unusually homogeneous for central Madrid — stone-and-brick façades, 3–4m ceilings, original wrought-iron balustrades — and apartments run large, 180–400 m² being typical.

All homes for sale in Almagro →
Nearby
🚇 Alonso Martínez
4 min · Line 4, 5, 10
🚇 Rubén Darío
5 min · Line 5
🚇 Colón
7 min · Line 4
🏫 Brewster Madrid (Chamberí campus)
1 km · American / IB
🏫 Hastings School
3.5 km · British / IB
🏛️ Museo Sorolla