Nea Ionia, Athens — Four Full-Floor Apartments in a Commercial-to-Residential Conversion

The building stands at Agias Fotinis 73 in Nea Ionia, one of the more accessible neighbourhoods north of central Athens. The centre is roughly seven kilometres away and the area connects directly to the main metro lines and central roads. Nea Ionia keeps quiet residential streets alongside an active local high street, which is what makes it work for long-term tenants and short-let investors alike.

This is a commercial-to-residential conversion: the existing building has been rebuilt as four apartments, one to a floor, so no home shares a landing with another. A studio takes the ground floor, and one-bedroom apartments occupy the first, second and third floors.

The interiors are finished in a soft grey palette with fitted kitchens, integrated appliances and built-in wardrobes; bathrooms are tiled floor to ceiling with walk-in showers and space for a washer-dryer. A living plant wall runs the length of the common corridor. Every apartment is handed over fully furnished.

Prices run from €189,000 for the 28 m² ground-floor studio to €255,000 for the third floor. Each unit carries a guaranteed rental return of 3% a year under a 5+5 year structure — €5,670 a year on the studio, rising to €7,650 on the top floor — and on the second and third floors all expenses are included in the price. All four units are Golden Visa eligible.