We were given a choice of rooms: 45 euros for a small twin room with not much of a view or 60 euros for a larger room with a queen-sized bed and a twin-sized bed and an amazing view from the terrace (see photos). The decision was easy.
The small hotel is located in Belem, which is about a 20-minute tram ride from the center of Lisbon. Breakfast is not available at Pensao Setubalense, but the world-famous cafe, Confeitaria de Belem, is just a few doors away. Belem is home to a number of excellent sites and is a pleasant neighborhood to stroll during the day or evening. Among the sites are the Tower of Belem, the Monument to the Discoveries, the Jeronimos monastery, and the Maritime Museum.
The room was sufficient in space, and the bathroom was large by European standards. The shower was strong and hot water was immediate. Unfortunately, a mildly bad odor was evident at times (not of our making!--we dealt with it by buying a 1-euro room freshener). Also, one of us suffered bed bug bites.
The staff was friendly and helpful in answering any question or concern.
A few yards/meters away is a quiet pedestrian street--Rua Veira Portuense--with several restaurants. We tried two of them: Floresta (excellent pork and grilled squid dishes) and Montenegro (superb seafood rice).
All things considered, Pensao Setubalense is an excellent value.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC