Spacious section of a house in the center of Újpest – with the potential to create up to 3 independent residential units.

Are you looking for a spacious, versatile property—either for personal use or as an investment—in Budapest’s 4th District? Allow me to introduce this approximately 120 m² section of a house on Attila Street, which comes with its own private garden.
Based on a formal usage agreement, this ~120 m² section is clearly separated from the part of the property used by the other co-owner and includes exclusive use of the garden and courtyard.
While the property currently has a specific layout, there is potential to create two or even three independent residential units. The floor plan is particularly favorable for a three-unit concept: the configuration is essentially already in place, and the layout aligns well with the existing spaces, eliminating the need for total demolition or major structural alterations. Creating the planned units would require opening up only a few walls, making the conversion feasible with minimal investment.
Separate utility meters (water, electricity, and gas) and independent heating systems further enhance the property's suitability for multi-unit use.

The property is located in Budapest’s 4th District, near the center of Újpest, in an easily accessible, urban yet quiet setting. The area boasts excellent infrastructure: shops, services, and educational and healthcare facilities essential for daily life are all within easy reach, while the city center is quickly accessible by both public transport and car.

Significant technical upgrades have previously been carried out on the property, including the replacement of utility lines and windows. The windows are modern, triple-glazed units offering thermal and acoustic insulation.
The property is equipped with a state-of-the-art condensing gas boiler and features renovated plumbing, sewage, and electrical systems. Thick brick walls ensure excellent heat retention, contributing to a comfortable indoor climate.
One of the most interesting possibilities for the property is the creation of three separate residential units, each approximately 40 m² in size.
Each unit could generate a monthly rental income of around 180,000–200,000 HUF; across three units, this amounts to 540,000–600,000 HUF per month, or 6.5–7.2 million HUF annually.

The property is held in undivided co-ownership by two owners, with usage clearly delineated by a written usage-sharing agreement.
The ownership share associated with the portion of the property currently for sale is free of encumbrances; there are no liens relevant to the sale. The usage-sharing agreement clearly regulates the use of the respective property sections.
However, the full title deed contains entries regarding debt collection and other matters stemming from a past foreign-currency loan associated with the other co-owner's share. These do not encumber the specific portion of the property being purchased, yet they are visible to the buyer upon reviewing the property title deed.

It is primarily suited for buyers looking for a home for themselves and for real estate investors who value a spacious floor plan, access to a private garden, and the property's versatile potential.
It may be of particular interest to buyers considering value-enhancing renovations, the creation of multiple residential units, or long-term rental investment.
The garage, spacious basement and attic areas, as well as the veranda and covered terrace, offer additional possibilities for those seeking functional spaces for storage, hobbies, or leisure activities alongside the main living area.

Come and see the property’s potential for yourself! On-site, we can discuss not only the current layout but also the possibility of converting the property into two or even three separate residential units.
I look forward to your call; I am available any day of the week.