This apartment is excellent! The location is perfect. We went to Time Out Market (about a 5 minute walk) for dinner several nights, and there are plenty of good spots for an evening drink on this street. You can easily walk to all of the main sites (except Belém), so we never even needed to use public transportation.
A few things to know: If you have trouble sleeping with noise, this might not be the spot for you. It’s a very active nightlife area. That said, if you don’t need every bedroom, you can easily sleep in the room farthest from the street, turn on a white noise app, and be perfectly fine (the main bedroom’s window opens on to the main strip, but the back bedroom is only a little bit smaller and that window opens to a light well in the building so it’s much quieter).
The other big thing to know is that the apartment is on the street with the elevator trolley. It’s cute! You can’t get there by driving, so that was confusing upon arrival for ourselves and our driver (and you have to carry your luggage up the steep hill). But just knowing that it was on that street with the elevator trolley would have made finding it simple.