Ideally located as a starting point to all the places of interest. We did a lot on foot, but the station for trains, metro and ferries Cais do Sodré is conveniently close.
There are plenty of shops and the small supermarket nearby is even open on Sunday and great for stocking up. The one at the station is handy to get things as you come back from your daily outings but very very busy and tight.
The apartment is very spacious and airy as presented on airbnb. People have already pointed out the noise issue. It’s certainly the case for a light sleeper. Personally, I always have a restless sleep in the first one or so night, after that no problem as one adapts to the „new“ noises. Windows shut, aircon on if preferred and you‘ll be ok. Anyway, you might enjoy looking out and observing the lively atmosphere, because the apartment looks out to a spacious area on both sides.