Rue Lafitte | Short Term RentalParis, 9th Arrondissement

€2,226,000

The Legal Paris Short-Term Rental Properties with Established Rental Income

An exceptional investment opportunity awaits you steps from the Palais Garnier. Ask any knowledgeable Paris buyer about legal short-term rental properties and they'll tell you the same thing: impossible to find. Here we have, not one, but two permitted short-term rental properties being sold together for the ultimate investment.

The primary apartment is a 75 m² three-bedroom, two-bathroom residence. The 20 m² studio alongside it is currently being renovated to the same standard and specification. Both were designed with high-quality materials and furnishings throughout: elegant and refined, but warm and livable. The kind of interiors that feel curated and timeless.

The three-bedroom currently holds an Airbnb Luxe and Superhost designation with a 4.86 rating and 82% occupancy, generating €136,000 net over the past twelve months. The studio projects an additional €42,000 annually. Combined: €169,000 net per year yielding over a 7% ROI.

Finding a property like this is harder than it sounds. Legal short-term rental permits in central Paris are, for all practical purposes, gone. Former Mayor Anne Hidalgo spent years leading a Europe-wide campaign to eliminate illegal listings, and her successor, Emmanuel Grégoire, has made the crackdown a cornerstone of his administration, deploying a dedicated 150-person enforcement brigade to hunt down unregistered rentals. Fines now reach €150,000 per violation. New permits are not being issued in central arrondissements.

What makes this asset genuinely compelling is that the permit transfers with the sale. As illegal inventory disappears, legally permitted properties appreciate on two fronts: the rental income grows as competition contracts, and the underlying property value rises with it.

Use one or both. Let it work when you don't need it and watch your asset value rise as the city cracks down on illegal short term rentals.

Fees of 6% including tax included in the sale price payable by the purchaser, i.r. a proce excluding fees of 2,100,000 euros.