Residential Building for Sale in Rethymno
Rethymnon
Property details
Specifications
- Property Type
- Building
- Property Size
- 400 m²
- Plot Size
- 480 m²
Location & reference
- Prefecture
- Rethymnon
- Municipality
- Rethymnon
- Location
- Rethymnon
- Ref No.
- 1B-1700
Description
Residential Building for Sale in Rethymno. Located in the very center of Rethymno, one of Cretes most vibrant and sought-after cities, this fully renovated four-level residential building presents an outstanding investment opportunity combining immediate rental income, long-term value appreciation, and a prime urban location.
Set on a 480 sq.m. plot, the property comprises approximately 400 sq.m. of built area and consists of four independent apartments distributed across the ground floor and three upper levels. The entire building is offered for sale as a single asset, making it particularly attractive to investors seeking a ready-made income-producing property in one of Cretes strongest residential and tourism markets.
The building includes:
Set on a 480 sq.m. plot, the property comprises approximately 400 sq.m. of built area and consists of four independent apartments distributed across the ground floor and three upper levels. The entire building is offered for sale as a single asset, making it particularly attractive to investors seeking a ready-made income-producing property in one of Cretes strongest residential and tourism markets.
The building includes:
• Ground Floor Apartment – 86 sq.m.
• First Floor Apartment – 133 sq.m.
• Second Floor Apartment – 110 sq.m.
• Third Floor Apartment – 65 sq.m.
Each floor consists of a single dual-aspect apartment, providing excellent natural light, ventilation, and comfortable living spaces.
A major advantage of the property is its established rental performance. The ground floor, second floor, and third floor apartments are currently leased under long-term tenancy agreements, while the first-floor apartment operates as a short-term rental accommodation. The final existing lease agreement expires at the end of 2028, ensuring stable and predictable rental income for the new owner.
The building underwent extensive renovation in 2024, carried out by BCS, significantly enhancing both its functionality and long-term investment appeal. The property features autonomous heating systems, energy-efficient aluminum window frames, solar water heaters for each apartment, security doors, air conditioning, fireplaces, storage areas, and spacious verandas.
Additional practical advantages include a covered enclosed parking area on the ground floor, a particularly valuable feature for a city-center property, as well as attractive western orientation and pleasant urban views.
Positioned within a residential zone and within walking distance of Rethymnos commercial center, restaurants, shops, university facilities, public services, and the famous Venetian Old Town, the property benefits from year-round rental demand from both local residents and visitors.
Whether maintained as a multi-unit residential investment, enhanced as a boutique accommodation project, or held as a long-term income-generating asset, this building offers an exceptional combination of location, rental security, and future growth potential.
A rare opportunity to acquire a fully renovated, income-producing apartment building in the center of Rethymno, offering immediate returns and strong long-term investment potential in one of Cretes most dynamic real estate markets.
Building for Sale in Rethymno. Location Information:
Koumbes is one of the most desirable coastal areas of Rethymno, offering an exceptional balance between beachfront living and urban convenience. Located just west of the historic center, this prestigious neighborhood enjoys uninterrupted views of the Cretan Sea while providing immediate access to the citys rich cultural heritage, vibrant dining scene, shopping facilities, and everyday amenities.
The area is particularly renowned for its beautiful sandy beach, spectacular sunsets, and relaxed Mediterranean atmosphere. Residents benefit from a unique lifestyle where the sea becomes part of daily life, while the Venetian Old Town of Rethymno and the iconic Fortezza Fortress remain only minutes away. This rare combination of coastal tranquility and proximity to the city center has established Koumbes as one of the most sought-after residential and investment destinations in Crete.
Its strategic location also provides excellent connectivity to both Chania and Heraklion, making it ideal for permanent living, holiday use, or investment purposes. The areas strong demand from international buyers, combined with its limited supply of premium seafront properties, continues to enhance its long-term value and investment appeal.
With the beach only steps away and the historic heart of Rethymno within easy reach, Koumbes represents a prime waterfront location where natural beauty, convenience, and quality of life come together in one of Cretes most attractive coastal settings.
• First Floor Apartment – 133 sq.m.
• Second Floor Apartment – 110 sq.m.
• Third Floor Apartment – 65 sq.m.
Each floor consists of a single dual-aspect apartment, providing excellent natural light, ventilation, and comfortable living spaces.
A major advantage of the property is its established rental performance. The ground floor, second floor, and third floor apartments are currently leased under long-term tenancy agreements, while the first-floor apartment operates as a short-term rental accommodation. The final existing lease agreement expires at the end of 2028, ensuring stable and predictable rental income for the new owner.
The building underwent extensive renovation in 2024, carried out by BCS, significantly enhancing both its functionality and long-term investment appeal. The property features autonomous heating systems, energy-efficient aluminum window frames, solar water heaters for each apartment, security doors, air conditioning, fireplaces, storage areas, and spacious verandas.
Additional practical advantages include a covered enclosed parking area on the ground floor, a particularly valuable feature for a city-center property, as well as attractive western orientation and pleasant urban views.
Positioned within a residential zone and within walking distance of Rethymnos commercial center, restaurants, shops, university facilities, public services, and the famous Venetian Old Town, the property benefits from year-round rental demand from both local residents and visitors.
Whether maintained as a multi-unit residential investment, enhanced as a boutique accommodation project, or held as a long-term income-generating asset, this building offers an exceptional combination of location, rental security, and future growth potential.
A rare opportunity to acquire a fully renovated, income-producing apartment building in the center of Rethymno, offering immediate returns and strong long-term investment potential in one of Cretes most dynamic real estate markets.
Building for Sale in Rethymno. Location Information:
Koumbes is one of the most desirable coastal areas of Rethymno, offering an exceptional balance between beachfront living and urban convenience. Located just west of the historic center, this prestigious neighborhood enjoys uninterrupted views of the Cretan Sea while providing immediate access to the citys rich cultural heritage, vibrant dining scene, shopping facilities, and everyday amenities.
The area is particularly renowned for its beautiful sandy beach, spectacular sunsets, and relaxed Mediterranean atmosphere. Residents benefit from a unique lifestyle where the sea becomes part of daily life, while the Venetian Old Town of Rethymno and the iconic Fortezza Fortress remain only minutes away. This rare combination of coastal tranquility and proximity to the city center has established Koumbes as one of the most sought-after residential and investment destinations in Crete.
Its strategic location also provides excellent connectivity to both Chania and Heraklion, making it ideal for permanent living, holiday use, or investment purposes. The areas strong demand from international buyers, combined with its limited supply of premium seafront properties, continues to enhance its long-term value and investment appeal.
With the beach only steps away and the historic heart of Rethymno within easy reach, Koumbes represents a prime waterfront location where natural beauty, convenience, and quality of life come together in one of Cretes most attractive coastal settings.
Features
- Fireplace
- Solar Water Heater
- Parking space
- Storage Room
- security door
- Renovated
- Veranda
- parking
- aluminum window frames
