Right in the heart of Alfama. Tons of little spots within walking distance including the tucked away neighborhood spots as well as the busier hilltop overlook of the Tagus. The cross street/alley location is great for people watching after sundown with a bottle of wine on the apartment stoop. Make sure to pay attention to any transit instructions from the hosts if taking the subway. We made the mistake of trusting phone app maps and it had us exit the metro close but on the hardest walking route from nearby metro locations. The hills in Lisbon are no joke with luggage!