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520 000 €
520 000 €
| Sale price | 520 000 € |
| Price per square meter | 2 122 € |
| House Area | 245 m² |
| Site plot | 49 m² |
| Number of storeys | 5 |
| Total number of rooms | 9 |
| Number of bedrooms | 3 |
| Number of bathrooms | 3 |
| Construction phase | Resale |
| The property can be rented out |
| Address | Turkey, Istanbul, Balat, Fatih |
| Location | at the seaside, within the city |
| to a metro station | 200 meters |
| to food stores | 25 meters |
| to a bus stop | 200 meters |
| Business expenses | |
|---|---|
| Not included in the price |
Renovated 5-floor home in Balat
Fully Renovated Historical Building with Airbnb Income in Istanbul’s Old Town (Balat)
If you're looking for a true piece of Istanbul’s history, this lovingly restored building in Balat offers not only a smart investment – but a home full of character, atmosphere, and future potential.
For sale is a 5-storey historic building located in the heart of Balat, one of Istanbul’s most colorful and culturally rich neighborhoods. Nestled in a quiet side street, the house is just a 5-minute walk from the Golden Horn waterfront and the tram line to Eminönü – perfectly located, yet tucked away from tourist noise.
Balat is Istanbul’s revitalized old town – famous for its colorful facades, cobbled streets, art cafés and growing cultural scene. Over the last years, the area has experienced major urban renewal. Movies, series and commercials are regularly filmed in its historic alleys. Artists, investors, and international buyers are increasingly drawn to the neighborhood’s unique charm.
️ Condition & Features:
The building was completely structurally renovated in 2017 and fully refurbished in 2023.
Each floor is equipped with an air conditioning unit, and the property includes a modern alarm system and an outdoor surveillance camera.
The house is fully furnished and ready for immediate use or rental.
Layout:
Total living area: approx. 220 m² + 25 m² rooftop terrace
Storeys: 5
Total: 9 rooms (excluding kitchens and bathrooms)
Divided as follows:
1st floor (Airbnb Unit 1):
2 rooms + kitchen + bathroom
2nd floor (Airbnb Unit 2):
2 rooms + kitchen + bathroom
Top floor:
1 room + large rooftop terrace with city views
Ground floor:
2 rooms (currently used as office/storage)
Bathroom installation possible (plumbing prepared)
Basement:
2 rooms + WC
Currently unused – convertible into a rentable unit
Rental Income & Investment Potential:
Current Airbnb income: approx. €35,000–40,000 annually (from just 2 units)
Additional potential: Ground floor and basement can be converted into 2 more apartments, significantly increasing yearly returns
Airbnb account with 4.9-star rating can be transferred on request
Ideal for investors, families, creatives or multi-unit living – flexible layout for mixed use
Location Highlights:
Located in vibrant Balat – historic, colorful, and in high demand
5-minute walk to the Golden Horn waterfront
5-minute walk to the tram line to Eminönü / Sultanahmet
Surrounded by cafés, galleries, vintage shops, and culture
Additional Information:
Air conditioning on each floor
Alarm system & outdoor camera installed
Fully furnished – ready to move in or rent out
Title deed (Tapu): available
Ownership: private
Available from: March 2026
Eligible for Turkish Citizenship by Investment (property value > $400,000 with official valuation)
Safe long-term investment: Balat is one of the most stable and in-demand Airbnb zones in Istanbul
Ready for use, already earning income, and located in one of the city’s most iconic districts – this property offers the rare combination of historical charm, modern comfort, and investment security.
