Nahlaot Gem: Renovated 3-Room Apartment with Dual-Income Potential | Central Jerusalem

What if your Jerusalem address paid for itself?

Nestled in Nahlaot — one of the capital's most coveted and characterful quarters — this beautifully renovated 54 sqm apartment sits just a short stroll from the legendary Mahane Yehuda Market and the beating heart of downtown Jerusalem. At 2,690,000 NIS (roughly 49,800 NIS/sqm), you're buying into a neighborhood where demand consistently outpaces supply.

The layout is both livable and versatile: a sun-drenched living room with open kitchen, a generous primary suite, a second bedroom opening onto a 4 sqm private balcony, and two full bathrooms. East and southwest-facing windows flood the space with natural light throughout the day. Air conditioning keeps things comfortable year-round.

Here's where it gets interesting for investors: the apartment can be reconfigured into two independent furnished rental units, projecting combined income of approximately ?8,500/month — translating to an estimated rental yield of 3.5% in a market where Nahlaot properties rarely sit vacant. Whether you're seeking a pied-à-terre in one of Jerusalem's most authentic neighborhoods or a high-demand short-term rental asset, this first-floor apartment delivers on both counts.

Ready to explore this opportunity? Visit realestate-jerusalem.com or call us to arrange a private viewing.