Great location for exploring Lisbon by foot or public transit. Lots of little shops nearby to stock food/snacks with a better one located the opposite side of the Moniz plaza (Amahnecer) and Minipreço the opposite direction. Figueroa square has a street market, with lots of shopping down the street, and is nearby as well.
The neighborhood is honestly rough around the edges but once you get used to it, you'll love the location. Diogo and Artur were amazing with giving a run down of the city and making themselves available to answer questions, if needed. The place is welcoming and nicely furnished. With only one bathroom, I wouldn't recommend more than 2_3 people.