Piraeus – Tabouria | THE PENTHOUSE PROJECT | 51 sq.m. waiting for their second life. 25 sq.m. of terrace that need no renovation to impress.

Description

Property Code: 7-733. You can change walls.
You can replace floors.
You can redesign a home from the beginning.
What you cannot construct afterwards is the top floor, the open horizon and a terrace that changes the experience of daily life. In Tabouria, Piraeus, a short distance from the “Maniatika” METRO station, PANTOU REALTORS brings to the market a distinctive purchase opportunity: a dual-aspect, bright penthouse of 51 sq.m. on the 5^th and top floor, with a large front terrace of 25 sq.m., a second balcony and an unobstructed sense of openness.  

The price of €98,000 does not concern a ready, renovated apartment.
It concerns something different: the acquisition of a residence with characteristics that can rarely be added later, and with the possibility of complete redesign according to the needs of the next owner.

Today the apartment has one bedroom, living room, independent kitchen, bathroom and outdoor spaces front and rear.
Its layout offers an interesting perspective: with appropriate architectural study, the present kitchen can be converted into a second bedroom, while the new kitchen can be integrated into the entrance and living area, creating a more contemporary, unified zone of daily living with a direct relationship to the large terrace. Thus the 51 sq.m. can acquire entirely different functionality: either as a personal urban refuge with one comfortable bedroom, or as a flexible two-bedroom residence, depending on the final study and the technical possibilities. The front terrace of 25 sq.m. corresponds to almost half the surface of the internal spaces.
It is the real point of differentiation: space for outdoor seating, dining, planting and moments of relaxation above the urban fabric. 

The north-westerly orientation, the view and the openness towards the western horizons of Attica give the property a sense of freedom not easily found in small urban residences.
The rear balcony completes the experience, offering a second side of ventilation and outdoor release.

The property requires FULL renovation.
It needs modernisation of electrical and plumbing installations, kitchen, bathroom, floors, surfaces, air conditioning and individual windows, as well as interventions in the outdoor spaces. This is also the essence of the proposal: the buyer is not asked to compromise with the aesthetic choices of an earlier renovation.
They can design from the outset a result with coherent aesthetics, functional solutions and a budget adapted to their goal.

Tabouria is not a neighbourhood without identity.
Its name is linked to the makeshift fortifications used by Georgios Karaiskakis in 1827 during the conflicts for the liberation of Athens.
Later the area was shaped by the refugee communities, work, trade and the daily life of Piraeus. Agios Dimitrios, Ypapanti, the historic Themistokleio Gymnasium, the squares and the old refugee houses compose a place with authentic urban character. Today its practical advantage is access.
The “Maniatika” station of Line 3 connects the neighbourhood with Piraeus, the centre of Athens and the wider transport network.
The port, the local market, the schools, the shops, the services and the leisure spaces of Drapetsona lie in the wider area.

For the private buyer it is the possibility of creating a personal penthouse, with a large terrace, openness and immediate access to transport, without needing to seek a ready residence that may not correspond to their preferences. For the investor the opportunity lies in the purchase, reconstruction and repositioning of the property on the market: either for long-term rental or for possible resale after its upgrading.

According to available market data, the estimated value of properties in the wider Tabouria area in September 2026 ranged approximately between €2,250–€2,600 per sq.m., while rents stood at approximately €7.50–€9 per sq.m. per month.
At the same time, data for the second quarter of 2026 record a significant annual increase in asking rents in neighbouring Drapetsona of 29.1%, with an average asking price of €10.50 per sq.m. Access to Line 3 is a real advantage: the “Maniatika” station has been operating since October 2022.  With an assumption of total cost of acquisition, renovation and other expenses of €144,000 (indicatively: €98,000 purchase + €40,000 works + €6,000 other), a monthly rent between €450–€550 can be projected, annual rent €5,400–€6,600 and a gross yield of 4.00%-5.00.

SALE PRICE: €98,000 through PANTOU REALTORS. It is not the image you see today that is being sold.
It is the possibility of creating something that does not exist today — on a top floor that will remain the top floor.