rue Etex | Short Term Rental Apartment for Sale 75018 Paris
An exceptional investment opportunity awaits you in Paris with this permitted short-term-rental apartment in Paris's vibrant 17th arrondissement.
€ 790,000
€ 11,285 / m2
fully furnished

Apartment facts

Total n° of Rooms2
Size70 m2 / 753.48 sq ft
FloorGround (1st floor US)
N° of Bedrooms2
N° of Bathrooms2.5
General ConditionExcellent, newly renovated and fully furnished

This stylish turnkey 2-bed 2-bath is the rare permitted (translation: legal!) short-term rental apartment in Paris that many Paris buyers want to find and have been told don’t exist anymore. They are hard to find but they do exist…

This beautifully renovated, air-conditioned ground-floor property on the rue Etex is the perfect layout for offers an independent street entrance and a total area of 50 m² on the ground floor, with an additional 20 m² in the sous-sol (lower) space. The apartment has been thoughtfully designed and furnished to maximize comfort and functionality, featuring two bedrooms, two bathrooms, and a separate toilet, with comfortable accommodations for up to six guests.

The interior has been designed, decorated and fully equipped with high-quality modern amenities to meet the needs of a discerning owner and potential travelers, ensuring a comfortable and memorable stay. The amenities and prime location of this ready-to-go property make it poised to attract a steady stream of rental guests year-round when you aren’t in Paris to enjoy it.

The Rue Etex apartment offers an impressive estimated annual revenue of €65,000 (net of rental management fees) based on a total price of €836,000 all-inclusive of taxes, fees, and furnishing.  The return on investment is a remarkable 7.8% annual triple-net yield. This rare combination of prime location, recent renovation, and strong rental potential makes the rue Etex apartment an attractive proposition particularly for investment buyers.

Are short term rentals allowed in Paris?

The right to rent a Paris property short term is very strictly controlled by city urban planning authorities and has been severely curtailed over the last ten years. The general rule is that short-term rentals of up to a total of 120 days are allowed on any person’s primary residence. Otherwise, the property must have received a special designation from the city of Paris to be allowed to rent out furnished short term. These designations are no longer being given out; so if a property has not had the short term rental permit, until now, it will not be getting one in the future. What’s more, enforcement in Paris is a serious affair: conviction on unlawful short-term rentals carries a fine of up to €50,000. Conflicts with neighbors and the possibility that one could denounce what they think is your illegal rental activity is simply too much uncertainty to make sense for most Paris buyers. Instead, furnished rentals of one-month or more – bail mobilité leases – that were originally destined for students or visiting executives or professors are legal, are an alternative way for a foreign investor to reap income from the property to offset expenses, but the income earned is no match for Airbnb-style rental income.

To learn about the current landscape of Paris short-term rentals and other opportunities for earning income on your Paris property, read more on our blog.


Paris: 18th arrondissement

The famous 18th arrondissement of Paris is best known for Sacré Coeur, the iconic white domed church at the highest point in Paris in Montmartre. At the bottom of the hill, the Moulin Rouge cabaret defines a different spirit and a different history, of this eclectic arrondissement. The streets of Montmartre bustle with sketch artists and tourists, keeping it lively but somewhat redundant unless you know how to get off the beaten path. On the back side of the hill from Sacré Coeur, you will find some of the most charming, tree-lined streets in Paris, and Paris’ best flea markets toward the northern edge of the city. Rue Caulaincourt and Avenue Junot are full of cafés, wonderful bakeries, and one-off shops selling anything from porcelain doll parts to antique wind-up toys. The rare hôtels particuliers sell quickly and often by word-of-mouth when they come on the market.

Average price: €9,420/m2; -5.7% over one year; +26.3% over 10 years

There is quite a range in price among the different neighborhoods of the 18th. Expect to pay Marais-like prices for a large apartment with a great view and a terrace or garden in select areas of Montmartre, but prices fall fast toward the Goutte d’Or neighborhood, where they are among the lowest in Paris.  The neighborhood near the Metro Guy Moquet, toward the 17th arrondissement, is coming to life with bakeries, shops and a young cosmopolitan feel – get in while you can at that price. Around Abbesses and rue Lepic the price is quite high and in demand.

Current Market Prices — 18th arrondissement

Neighborhood Price/m2 in euros
Low Medium High
Grandes-Carrières € 7,019 € 9,944 € 13,920
Clignancourt € 6,729 € 9,535 € 13,285
Goutte-d'Or € 5,522 € 7,736 € 9,882
Chapelle € 5,237 € 7,608 € 9,690

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