Frankly.
4-bedroom Penthouse to renovate with four balconies in Almagro
€4.050.000
4-bed penthouse with terrace in Almagro, Chamberí
4
bed
5
bath
249
At a glance:
Terrace · Lift · Parking · Classic building · Needs renovation

In the refined Almagro district, this penthouse occupies the top floor of a classic building, offering a rare opportunity to shape a residence of understated character. The original layout spans four bedrooms and five bathrooms, with four balconies providing natural light and views across the city. A lift serves the property, ensuring ease of access to this elevated space. The existing structure invites a thoughtful renovation, where period details can be preserved or reimagined to create a home that balances heritage with contemporary living.

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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.

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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