Centro

Centro | Madrid

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BARNES Madrid

Presented At

€1,250,000

Bedrooms

Bathrooms

Living

1,378

SQM

Air Conditioning

Elevator

Washer Dryer

Bar

Kitchen island

Laundry Room

Parking

Balcony

Pool

Privacy

Renovated

Modern

Investment Property

Centro

Centro | Madrid

Centro, Madrid, Spain. , Centro , Madrid

Madrid – City Center – Universidad – San Bernardo – Renovated apartment in protected building exempt

BARNES Madrid presents this unique 128 m² residence located in a protected building, exempt from property tax (IBI) and with very low community fees. Perfectly positioned facing the Ruiz Jiménez fountain, between the Almagro and Malasaña neighborhoods — an area undergoing transformation with strong potential for future appreciation — this is an exceptional investment opportunity in the heart of Madrid. Located on a first floor with the height of a second, this property combines the charm of a historic building with a comprehensive contemporary renovation featuring high-end materials and meticulous attention to detail. From the entrance, space and natural light take center stage. The living-dining room, warm and elegant, opens to the street through two balconies, one of them enclosed in glass, creating a cozy viewing space with leafy views — a rare sense of calm and privacy in central Madrid. The open-plan kitchen with a central island blends functionality and design. From Línea 3, it is fully equipped with Bosch integrated appliances and generous storage space, ideal for those who appreciate design and practicality. A guest toilet and an independent laundry area complete the social area. The night area offers two bedroom suites, both with large windows, custom wardrobes, and en-suite bathrooms with spacious showers, bespoke vanities, premium fittings, and Porcelanosa finishes. The renovation has preserved the property’s original character while enhancing it with modern details: Porcelanosa large-format floors in common areas and natural wood in bedrooms, designer radiators, ducted air conditioning with room-by-room control, and individual gas heating. The interior doors, newly installed and of contemporary floor-to-ceiling design, add a modern aesthetic consistent with the property’s style. The exterior windows and doors leading to the balconies are made of wood with Climalit double glazing, preserving the architectural integrity and original facade design, while the remaining frames are aluminum with Climalit double glazing, ensuring excellent thermal and acoustic insulation without sacrificing elegance or harmony. The Nordic-inspired décor enhances light and balance, creating a warm and serene atmosphere. This historic building, recognized as a heritage property, is exempt from property tax (IBI) and enjoys low community expenses, making it an ideal option both for living and investment. Located in San Bernardo, near the Ruiz Jiménez roundabout, between Almagro and Malasaña, this property benefits from a prime location, surrounded by culture, gastronomy, and leisure, with excellent public transport — San Bernardo metro just steps away — and quick access to the city’s main arteries. A unique property that unites heritage, design, and investment value in one of Madrid’s most authentic locations. We invite you to visit it, as well as to explore our BARNES Madrid website to discover our curated selection of unique and exclusive properties.

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Centro

Centro | Madrid

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Property Location

Centro, Madrid, Spain., Centro Madrid

Local Weather & Climate

Centro, Madrid

Current Conditions Updated recently

64 °F

Clear sky

Feels Like 61°F

Humidity 33%

Wind 8 mph

Visibility 6.2 mi

Sunrise 6:21 AM

Sunset 6:23 PM

5-Day Forecast

Wed 18 Mar

Clouds

High 63°

Low 57°

Thu 19 Mar

Clouds

High 64°

Low 41°

Fri 20 Mar

Clouds

High 51°

Low 48°

Sat 21 Mar

Clouds

High 49°

Low 46°

Sun 22 Mar

Clouds

High 63°

Low 44°

Data from OpenWeatherMap

Mortgage Calculator

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Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
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Tax Year Information: Tax data shown is based on Spain tax year 2025 (fiscal year: January-December) through 2012. Tax laws change frequently and may have been amended since this data was compiled.

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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does Centro, Madrid, Spain have?

This apartment at Centro, Madrid, Spain features 2 bedrooms with 1,378 square feet of living space.

What is the size of Centro, Madrid, Spain?

This property offers 1,378 square feet of living space.

What is the listing price for Centro, Madrid, Spain?

This property is listed at $125,000,000, which equals $90711 per square foot.

What type of property is Centro, Madrid, Spain?

This is a apartment located in Centro, Madrid. The property is situated in an established neighborhood with convenient access to local amenities and services.

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