Investment opportunity of duplex apartment for sale in Palma Old Town, Mallorca

This beautifully preserved duplex apartment presents a fantastic investment opportunity. With the potential to be divided into four separate apartments, it offers great flexibility. Additionally, two parking spaces are available for purchase nearby.

Steeped in history, the property retains the charm of old Palma, boasting intricately carved wooden ceilings, traditional hydraulic tiled floors, and a generous 361m² of living space spread over two floors. Ideally located in the heart of Palma’s historic center, near Plaza de Cort, it also features a rooftop terrace with breathtaking views over the city.

Upon entering, you are welcomed into two bright and spacious living areas, one of which has a stunning original glass door opening onto a balcony. This level also includes three bedrooms, a bathroom, and a study.

A grand wooden staircase leads to the upper floor, where you’ll find a dining room, an original kitchen with a pantry, two additional living spaces, three more bedrooms, and another bathroom.

This remarkable home offers two exciting renovation possibilities: it can be transformed into a single, expansive duplex, preserving the elegance of traditional Mallorcan architecture with its stunning balconies, antique floor tiles, and noble wooden ceilings. Alternatively, it can be converted into two spacious three-bedroom apartments, filled with natural light, right in the cultural heart of Palma.

Palma’s historic center is increasingly popular among young professionals who appreciate the vibrant city lifestyle, with shops, restaurants, bars, and cultural attractions all within walking distance. The convenience of having everything nearby means that a car is rarely necessary. This charming part of the city is known for its picturesque narrow streets, grand bourgeois palaces, historic churches, and medieval buildings, all evoking Palma’s rich heritage.



Palma, the capital of the Balearic Islands, located in the bay of the same name, has a pleasant climate all year (17.9 ° C annual average). Known for its tourism and elegant shops, this city also has a beautiful old town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. Large palm trees frame most of the beautiful monuments.

For additional information contact BALEARIC PROPERTIES ESTATE AGENTS MALLORCA by email or call the Puerto Portals Office (+34) 971 68 40 00 - See more details about other apartments for sale in Palma or find out more about buying a home in Palma .

"Balearic Properties has been in business on the Balearic Islands for many, many years. The company headquarters is on Mallorca and over the years, we have built up an unparalleled portfolio of properties to suit every budget, by means of which we have already successfully helped 10.000 clients find their new home on the Balearic Islands. Our project management and construction companies offer a unique range of luxury, turn-key villas to suit all individual and personal needs. We also offer over 200 holiday villas that guarantee our clients an unforgettable holiday experience.

Balearic Properties is the exclusive associate of Savills in Mallorca. The company offers clients a vast experience of over 20 years in the local property market. Our portfolio includes all sorts of modern villas, country homes, and trendy new developments in the best areas of Mallorca. Balearic Properties also specialises in waterfront properties and large estates. The company offers a complete, all-around property service including property management, holiday lettings, project management and legal services."