PROs: The location can't be beat, literally 30 seconds walk from most buses and trams. Walking distance to Castello Sao Gorge and Santa Justa Lift, as well as many very good restaurants and shops. The place is new, clean and comfortable. Great kitchen. High ceilings. Great natural light.
CONS: Noise. Even though the windows do a great job blocking out the oustide noise, the apartment is on a street with the tram so you hear it pass. Also, there is a restaurant downstairs that plays loud music until at least midnight every night. Lastly, the toilet works fine but it constantly makes a slight noise.