Alice's apartment is spacious and cute! It was super close to grocery stores and had a decently stocked kitchen (basic pot and pans, plates, utensils, oils, spices, etc), which made eating in one or two nights feasible.
The 735 bus stopped right outside the door and was easy to navigate. (Downside - the buses were quite loud and shook the building as they passed. The bedrooms face the street, so light sleepers should be aware). The train station/metro was about a 10 minute walk away, but it was also an easy walk to/from Alfama (If you don't mind the hills!).
We loved having a washing machine in the apartment and a clothes line right off the deck.
The biggest issues with the apartment were the street noise and the hot water. We were there for 9 days (2 people - a third visited for 4 of those days) and we were only able to both get hot showers on 2/9 days. We tried everything for the second person to get hot water and ultimately just learned to leave the shower running between one getting out and the other in. It's really a problem.
As others have noted, there are many stray cats that hang out on the roofs around the balcony. They kept their distance for the most part and didn't attempt to come into the house when we had the balcony doors open. Unfortunately, there was a dead cat on the roof that our balcony overlooked. The sight and smell were quite unpleasant. There's not much more that can be done about the cats overall, but the dead one had been there some time and should have been taken care of.