House in Málaga Ref R5344342
Costa del Sol
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Investment Opportunity in the Heart of Málaga – Calle Gordon
Located just steps from the historic center of Málaga, Calle Gordon is a charming building being transformed into a boutique-style rental asset with an AT (Aparthotel) license, offering an excellent investment opportunity in one of Spain’s most dynamic urban markets.
The project will consist of four independent units:
One spacious 3-bedroom apartment on the ground floor
Three one-bedroom apartments on the first floor
A beautiful Andalusian patio at the heart of the building, creating a calm and authentic atmosphere for guests
While the original footprint is respected, the property is technically a completely new construction, including new foundations, a new roof, and entirely new electrical and plumbing systems, all built to modern standards of comfort, efficiency, and durability.
Situated on a quiet street within walking distance of Plaza de la Merced, Calle Larios, the Picasso Museum, and Málaga’s cultural and gastronomic highlights, the location combines peaceful residential living with immediate access to the city’s most desirable amenities.
Málaga continues to show strong and sustained growth in tourism, with increasing demand for high-quality, centrally located accommodation. Licensed aparthotel-style properties in the historic center remain limited, supporting strong occupancy and long-term value.
Income Potential
With professional management and an aparthotel-style operating model, the property is expected to generate approximately €135,000–€165,000 in gross annual rental income. The combination of multiple units, prime location, and AT license provides consistent year-round demand and a stable, secure investment profile.
This project offers a rare opportunity to acquire a high-performing hospitality asset in Málaga’s historic center, combining strong cash flow, long-term appreciation, and operational flexibility in a well-established and growing market.
At 6.500 € per m² built, this listing sits 52% above the median asking price for houses in Málaga on our books — 4.286 € per m² across 67 listings.
Those are asking prices from our broker feed, not sold prices. Agreed figures on the Costa del Sol routinely land below asking, and the gap moves with the area and with how long a property has been on the market. We wrote about that difference in asking versus sold price.
The closest 6 listings we hold for houses in Málaga, ordered by how near they sit to this asking price.
Every viewing is in person, with a senior member of our team. We come prepared with the building check, comparable transactions, and our honest read.