The place is as published and located in one of the trendiest neighborhoods, for me, the place to be. Everything is close here and you have great restaurant options and sightseeing places nearby. Also, the two windows/balconies were of great use during the morning and at night to see and feel how was the weather or just to feeling the place bigger than it is by looking outside. The best thing is definitely the location and the communication with the host and check-in experience. They also have nice essentials to help you when you arrive. Because we have kids around 10 years old, I would prefer a place with two full rooms and two bathrooms, but were not available in the location and the price range when booked. This place served the purpose for our time in Lisbon. Do keep present that the queen bed is next to the kitchen with no doors or privacy and the bunkbeds room is separated by a pocket door next the the other side of the queen bed.
There were only a few downsides during our stay. First, there is a construction next door from 8 through 17, also on Saturdays. They were starting at 8 during our stay with heavy machinery and very loud noises because the construction is literally on the other side of your wall. This would normally not be a problem for anyone that would appreciate the push to get out early into the city, but we had to sleep until later for two or three days during our stay due to getting sick and not feeling well to wake up so early. Also, the floor squeaks a lot going into the bathroom or coming in from the hall, it is just something to keep present if you have a light sleep and are accompanied by others. The other thing is the shower not draining as fast as it should. While the water would not flood out of the shower, you do get half an inch on the shower floor if you would open the shower completely.
In general, I believe the place is great to stay when in the city because the location is great and while there is noise outside, the place has a good AC in the kitchen area that cools the whole place when you leave the bunkbeds room door open, so you can keep the windows/balcony doors closed keeping the noise to a very low, comfortable level.