Exactly as advertised if not better. Especially if you're doing a longer stay in Lisbon, this is a great apartment. Tons of comfort for any time you spend there - that couch I want to buy! - secure, and a great central location. We walked everywhere and the longest walk was 30 min.
Only negative I didn't realize was this is a 5 floor walk up with no elevator... Wasn't great when lugging my suitcase and bag up there post flight. Not ideal for someone with any physical issues. Also missed on some of the personalization you typically expect with AirBnB, eg a bottle of wine, meeting and chatting with the owner, etc., but a very small complaint and not a big deal.
Highly recommend and would 100% stay here again. Worth the $$!