Description
An exceptional investment opportunity in the vibrant heart of Neapolis–Exarchia, this distinguished 1948 villa—originally constructed by renowned Athenian furniture design firm Dimitris Varangis—has undergone a €200,000 renovation in 2024–2025, restoring its architectural character while transforming it into a premium dual-unit residence ideal for both short-term hospitality or long-term leasing.
Spanning 372 sqm across two levels and a semi-basement - with the ability to build four additional floors of 320 square meters of living space.
● Ready-to-rent: Both apartments are fully equipped for use (November 2025) on Airbnb, boutique hotel platforms, or as high-yield long-term rentals
● Modernized infrastructure: upgraded electrical panel, new flooring, painting, and more
● Retains original 1948 charm with refined modern comforts
● Quiet yet central Neapolis–Exarchia location, close to universities, hospitals, and museums
● Separate entrances for each unit for maximum privacy and rental flexibility
● Ability to add four extra floors to a maximum height of 21 meters and 320 square Meters
This is a rare opportunity to own a fully revitalized historic property in one of central Athens most dynamic and culturally rich neighborhoods—perfect for discerning investors seeking income-generating real estate with character and quality.
