OPEN MANILA · 160m² · 3 BR · 2 BA · ESTRATO 6
A 160m² Lalinde three-bedroom from 1996 at 5.31M COP per m², in the flat walkable blocks between Manila and Castropol.
PRICE GAP / M² VS LALINDE TYPICAL RANGE
▾34-41%
BELOW MARKET
5.31M vs 8.02M–9.05M COP/m²
IMG 01 / 20TOTAL AREA
160 m²
BEDROOMS
3
BATHROOMS
◆ PRIMARY STRATEGY · FLIP
Editorial scores
Editorial judgments, 1 to 10, set by the curator. Not algorithmic. See methodology →
FLIP · RENOVATE + RESELL
8/ 10
Lalinde is the quiet performer of the flat Poblado zones: walkable to Provenza and Manila without their prices, and renovated stock exits fast to both local and foreign buyers. At 5.31M/m² entry against same-zone 154m² comps asking 7.47M and 8.39M per m², an 80M to 150M renovation is covered by the spread with margin left. It loses points for the second-floor position in a market that pays up for height and light, and because 1996 buildings sometimes hide plumbing-era surprises that turn a 150M budget into a 200M one.
BNB · SHORT/MEDIUM RENTALSHORT-TERM RENTAL: UNCLEAR
6/ 10
◆ TWO WAYS TO READ THIS
AS AN INVESTMENT
The balanced play of this batch: a flip spread that clears the renovation budget against two live same-size comps, sitting on the strongest measured 3BR rent range of the flat zones if you choose to hold instead. Lalinde's buyer pool includes the foreign purchaser who wants walkable Poblado without Provenza noise — the exact profile that pays for a well-executed renovation. Downside protection is the entry price; the decision between flip and hold can wait until the renovation is done and the market answers.
AS A HOME
Walk to Provenza for dinner and Manila for coffee; drive to neither. 160m² of 1996 proportions means real rooms, not marketing-plan rooms. One parking space, estrato 6, second floor. The renovation is a project you control, and the neighborhood does the appreciating while you do it.
◆ THE FULL MATH
The math behind the strategy.
Every number is a range. Inputs documented in methodology.
- TOTAL CASH IN
- $303,357
- MONTHLY RENT
- $2,192 – $3,210
- OCCUPANCY
- 75% – 88%
- ANNUAL GROSS
- $19,724 – $33,892
- NET PRE-TAX
- $8,951 – $18,859
- NET POST-TAX
- $7,161 – $15,094
- YIELD (CAP RATE)
- 2.4% – 5.0%
- 3-YEAR RETURN (IRR)
- −19% to 0%
◆ RED FLAGS
What could go wrong.
Curator-flagged failure modes for this specific listing.
Zone appreciation, historical rangeFREE
What La Lonja recorded for your zone. Not a forecast for this listing.
Lonja zoneZona 5 · Poblado / Envigado / Sabaneta
Historical
7.5%/yr
Projected valueAt year 5
1.22B COP
La Lonja’s 265 Edition reported Zona 5 (Poblado, Envigado, Sabaneta) apartment valorization at 7.82% in 2024. The 2025 land study (published April 2026) recorded 7.5% real for Envigado municipality, consistent with a sustained mid-single-digit-to-high pace.
Lonja groups Poblado, Envigado, and Sabaneta as Zona 5 (sub-market variance is real). Figures are nominal COP; real appreciation in high-inflation years (~13% in 2022, ~5% in 2024) is lower.
Appreciation figures: La Lonja de Propiedad Raíz de Medellín y Antioquia (2024 zone-level apartment index, 2025 land study). Context from Camacol Antioquia (trade group) and DANE / Banco de la República. We show the range. We do not predict which one happens.
80M – 150MCOP
Roughly $25K – $46K USD at today’s rate.
most likely ▾
COSMETICFULL GUT
4.4% – 7.6%
Range assumes professional management at 22% plus sales tax (IVA), 20% withholding tax, 7.5% exit yield, and renovated condition.
most likely ▾
LOWHIGH
Lower bound reflects conservative occupancy (75%) and lower-tier finish. Upper bound assumes strong occupancy (88%+) and premium finish targeting professional medium-term rental tenants. Estimates, not guarantees.
◆ COMPARABLES
2 references · COP/m² indexed to listing’s 5.31M
Lalinde asks (partially renovated and premium tiers)
154M² · 4BR · LALINDEPARTIAL
7.47M/m²▴ +41%
Near-size (154m²) Lalinde 4BR at 7.47M/m² — the conservative exit tier.
VIEW ORIGINAL ↗◆ CONDITION NOTES
A 1996 build asking 38% below the Lalinde band. The listing offers no condition detail beyond 'amplios espacios', which at this vintage and discount usually means original or lightly updated interiors — kitchens and bathrooms from the era, floors that survived it. Second floor with one parking space and estrato 6. Nothing in the ad suggests structural issues; everything in the price suggests dated finishes. Walk it with a contractor.
◆ STAY CURRENT
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We scan the portals daily and re-verify each listing on a rolling basis. Between scans, prices move, listings sell, and the market shifts. The calibrated market range per m² is a snapshot from our last data refresh, not a live quote. Treat these numbers as a starting point and verify the current price with the source before you act.
View original on Finca Raíz ↗Curated July 8, 2026 · ID #97671d60 · v0.42