Casco Antiguo · Marbella · Málaga

Old Town building, four apartments

€2,130,000 9,509 €/m²

224 m² Marbella Old Town building with a ground-floor commercial unit and four independent apartments across three upper floors. Requires renovation and is positioned for tourist rental use.

Reference 3476-04118 · On Inmoblia since 5 September 2026 · Published by Re/max Sunset

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Some advert data is uncertain

We show the source-reported value for context, but exclude it from calculations until the conflicting evidence is resolved.

Type
Building
Built area
224 m²
Bathrooms
4
Floors in the property
4
Condition
Needs renovation
Aspect
Exterior
Energy certificate
G
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Exterior-facing
  • Terrace

The advert also mentions:

  • Ground-floor commercial unit
  • Four independent apartments
  • Tourist rental potential
  • Unfurnished property
  • No buyer-side agency fees

Free text we could not normalise into a comparable attribute, so it does not score.

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+4.5% interanual
127.9 20112014201820212024 101.5 · 2011101.5 · 2011100.4 · 2012100.4 · 201299.2 · 201399.2 · 201398.9 · 201498.9 · 2014100 · 2015100 · 2015102.3 · 2016102.3 · 2016105.1 · 2017105.1 · 2017108.5 · 2018108.5 · 2018112.5 · 2019112.5 · 2019112.5 · 2020112.5 · 2020114.8 · 2021114.8 · 2021118.5 · 2022118.5 · 2022122.4 · 2023122.4 · 2023127.9 · 2024127.9 · 2024

Housing transactions

MIVAU · deals per year

−7.3% interanual
4,399 20112015201820222025 2,259 · 20112,259 · 20112,519 · 20122,519 · 20123,106 · 20133,106 · 20133,982 · 20143,982 · 20144,435 · 20154,435 · 20154,003 · 20164,003 · 20164,279 · 20174,279 · 20174,075 · 20184,075 · 20183,681 · 20193,681 · 20192,565 · 20202,565 · 20204,628 · 20214,628 · 20215,514 · 20225,514 · 20224,517 · 20234,517 · 20234,743 · 20244,743 · 20244,399 · 20254,399 · 2025

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Marbella

Municipal demand

The structural depth of demand in the area.

+1.8%Rent trajectory
0 = flat average annual growth of the municipal rent index (INE)
6%Unemployment rate (approx.)
median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)
+19.5‰Net migration
median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−10.4% interanual
6,538 20192021202320242026 11,707 · 201911,707 · 201914,686 · 202014,686 · 202013,404 · 202113,404 · 20219,682 · 20229,682 · 20228,787 · 20238,787 · 20238,075 · 20248,075 · 20247,294 · 20257,294 · 20256,538 · 20266,538 · 2026

Average gross income

AEAT · annual tax return

+2.2% interanual
€32,306 20132016201820212023 €22,935 · 2013€22,935 · 2013€23,265 · 2014€23,265 · 2014€24,182 · 2015€24,182 · 2015€24,791 · 2016€24,791 · 2016€25,671 · 2017€25,671 · 2017€26,541 · 2018€26,541 · 2018€27,502 · 2019€27,502 · 2019€25,687 · 2020€25,687 · 2020€28,593 · 2021€28,593 · 2021€31,614 · 2022€31,614 · 2022€32,306 · 2023€32,306 · 2023

Registered population

INE · yearly population register

0.0% interanual
159,786 20112014201820222025 138,662 · 2011138,662 · 2011138,662 · 2011138,662 · 2011140,473 · 2012140,473 · 2012140,473 · 2012140,473 · 2012142,018 · 2013142,018 · 2013142,018 · 2013142,018 · 2013138,679 · 2014138,679 · 2014138,679 · 2014138,679 · 2014139,537 · 2015139,537 · 2015139,537 · 2015139,537 · 2015140,744 · 2016140,744 · 2016140,744 · 2016140,744 · 2016141,172 · 2017141,172 · 2017141,172 · 2017141,172 · 2017141,463 · 2018141,463 · 2018141,463 · 2018141,463 · 2018143,386 · 2019143,386 · 2019143,386 · 2019143,386 · 2019147,633 · 2020147,633 · 2020147,633 · 2020147,633 · 2020147,958 · 2021147,958 · 2021147,958 · 2021147,958 · 2021150,725 · 2022150,725 · 2022150,725 · 2022150,725 · 2022156,295 · 2023156,295 · 2023156,295 · 2023156,295 · 2023159,000 · 2024159,000 · 2024159,000 · 2024159,000 · 2024159,786 · 2025159,786 · 2025159,786 · 2025159,786 · 2025

Net international migration

INE · immigration − emigration · yearly

−15.5% interanual
3,118 2021202220232024 1,803 · 20211,803 · 20216,374 · 20226,374 · 20223,691 · 20233,691 · 20233,118 · 20243,118 · 2024

Recorded offences

Ministry of the Interior · cumulative

+83.0% interanual
30,714 202420252026 2,858 · 20242,858 · 20246,314 · 20246,314 · 202410,626 · 202410,626 · 202413,803 · 202413,803 · 202416,785 · 202516,785 · 202520,207 · 202520,207 · 202524,881 · 202524,881 · 202527,952 · 202527,952 · 202530,714 · 202630,714 · 2026

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

They let for…

Comparable rentals in Marbella, including those already let.

They sell for…

Comparable sales in Marbella, including those already sold.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.