€145,000
Purchase price
Acquire an already leased residential property.
DAMAREOS 131 · PAGRATI · ATHENS
Income Today.
Rental Upside Tomorrow.
A 44 sqm income-producing apartment in prime Pagrati, next to Varnava Square — offered with an existing long-term tenancy and future rental optimisation potential.
€145,000ASKING PRICE
€530CURRENT RENT / MONTH
4.39%CURRENT GROSS YIELD
INCOME FROM DAY ONE
INVESTMENT SNAPSHOT
The opportunity,
at a glance.
€145,000Asking Price
44 sqmApartment
€3,295 / sqmApprox. Entry Price
€530 / monthExisting Contracted Rent
€6,360 / yearCurrent Annual Rental Income
4.39%Current Gross Rental Yield
Up to 7.45%*Potential Future Gross Yield
*Based on an alternative future furnished / mid-term rental scenario. Not guaranteed.
THE INVESTMENT CASE
Income from
Day One
The property is already operating as a long-term rental at €530 per month, with the existing tenancy continuing for approximately one further year.
This means that the incoming investor acquires an existing income-producing asset and avoids an initial vacancy period while the current lease remains in force.
EXISTING CONTRACTED PERFORMANCE
€530Monthly Rental Income€6,360Annual Rental Income4.39%Current Gross Rental YieldAND POTENTIAL FOR MORE
Reassess.
Reposition.
Optimise.
Following the expiry of the current tenancy, the investor may reassess the rental level and rental strategy according to prevailing market conditions.
FUTURE RENTAL UPSIDE
Rental Upside Potential
Only the current 4.39% yield is based on the existing contract. All other scenarios are forward-looking projections.
StrategyMonthly RevenueAnnual RevenueGross Yield
Existing ContractCONTRACTED€530€6,3604.39%
Future LTR Scenario€650€7,8005.38%
Enhanced LTR Scenario€700€8,4005.79%
Furnished / Mid-Term Scenario*€900€10,8007.45%
4.39%→5.38%→5.79%→7.45%
*Future rental scenarios are indicative projections and are not guaranteed. Actual rental performance will depend on prevailing market conditions, property presentation, rental strategy and tenant demand.
THE PROPERTY
A Central Athens
Residential Asset
A compact one-bedroom apartment in an established residential setting, already in long-term rental use.
AddressDamareos 131, Pagrati, Athens
LocationPagrati / Varnava Square
Size44 sqm
Floor1st
Bedrooms1
Year Built1979
Current UseLong-Term Rental
Asking Price€145,000
ENTRY PRICE
€3,295 / sqmAn Accessible Entry Point into Pagrati
At an asking price of €145,000 for 44 sqm, the approximate acquisition price is €3,295 per sqm — a compact entry point into an established central Athens residential neighbourhood.
INVESTMENT STRATEGY
Buy. Earn.
Optimise.
€530 / month
€6,360 annual income · 4.39% current gross yield
Receive existing contracted rental income.
Up to 7.45%*
Projected future gross yield
Following the existing tenancy, reassess the rental strategy according to market conditions.
PRIME LOCATION · PAGRATI · ATHENS
Pagrati.
A Prime Athens Address.
One of central Athens’ most sought-after residential neighbourhoods — a prime location where local character, lifestyle demand and capital resilience meet.
Pagrati is an established prime central Athens residential neighbourhood with a strong local identity, an active café and restaurant scene, and immediate access to the wider city centre. Its position next to the Panathenaic Stadium and National Garden places it firmly within Athens’ most desirable residential pocket.
Varnava Square is one of the neighbourhood’s best-known lifestyle focal points. The area combines local character and sustained residential demand with connectivity to the Panathenaic Stadium, National Garden, Syntagma and central Athens — the kind of prime, central setting that underpins long-term tenant demand and resale liquidity.
- Varnava Square — prime lifestyle hub
- Neighbourhood cafés & restaurants
- Central Athens accessibility
- Cultural & leisure options
- Strong, sustained rental demand
WHY THIS INVESTMENT
Four reasons.
One clear case.
EXISTING INCOME
The apartment is already leased, providing rental income from the beginning of ownership.
RENTAL UPSIDE
The existing rental level provides the possibility to reassess future rental strategy following the current tenancy.
PRIME PAGRATI LOCATION
A prime, highly sought-after central Athens residential neighbourhood next to Varnava Square — underpinned by sustained tenant demand and resale liquidity.
ACCESSIBLE INVESTMENT SIZE
€145,000 entry price for a 44 sqm one-bedroom apartment.
THE PROPERTY IN DETAIL
Unfiltered.
As it stands.
Actual photography of Damareos 131.
VIDEO WALKTHROUGH
Inside
Damareos 131.
Unedited walkthrough footage of the apartment — exactly as it stands today.
INVESTMENT MEMORANDUM
Explore the Investment
Review the existing rental performance, future rental scenarios and complete investment analysis.
DAMAREOS 131 · PAGRATI · ATHENS
Income Today.
Opportunity Tomorrow.
€145,00044 sqm · 1 Bedroom
Existing Rent €530 / monthCurrent Gross Yield 4.39%Potential Future Gross Yield Up to 7.45%*
Request Investment DetailsDownload Investment AnalysisPRIVATE ENQUIRIES
Request Investment Details
For the full property information, investment memorandum or to arrange a viewing of Damareos 131 in Pagrati, contact the Metropolis Citizen Properties team.
METROPOLIS CITIZEN PROPERTIES
Damareos 131 · Pagrati · Athens
Office: Terpsitheas 51, Agia Paraskevi, Athens, Greece
Damareos 131 · Pagrati · Athens
Office: Terpsitheas 51, Agia Paraskevi, Athens, Greece