Rare Investment Opportunity in Prestigious Olmos Park! This beautifully updated 4-plex is a true gem nestled on a picturesque, tree-lined street in one of San Antonio's most desirable neighborhoods and within the acclaimed Alamo Heights School District. Showcasing timeless limestone architecture and original hardwood floors, each unit has been thoughtfully renovated from the ground up with modern upgrades including new roof decking, updated bathrooms, stackable washer/dryers, stoves, dishwashers, and refrigerators. The two upstairs units feature charming terrace areas-perfect for enjoying morning coffee or evening breezes. The property also includes designated parking spaces in the rear, along with carport storage for added convenience. Whether you're a seasoned investor or just getting started, this centrally located property offers unmatched versatility-with proximity to Pearl, Downtown, Southtown, The Quarry, Museum Reach, SA Zoo, Botanical Gardens, North Star Mall, the Airport, Trinity University, and University of the Incarnate Word (UIW). Don't miss this rare opportunity to own a fully renovated multi-unit property in a high-demand location with strong rental potential.
For sale
$850,000
309 E Melrose, Olmos Park, TX 78212
4beds
3,072sqft
Est.:
Multi Family
Built in 1937
-- sqft lot
$654,500 Zestimate®
$277/sqft
$-- HOA
What's special
Timeless limestone architectureOriginal hardwood floorsTree-lined streetCharming terrace areasDesignated parking spacesCarport storage
- 29 days
- on Zillow |
- 577 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: July 12, 2025 at 12:07am
Listed by:
Maria Elena Alcala TREC #593077 (210) 824-7878,
Phyllis Browning Company
Source: SABOR,MLS#: 1873315

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Cooling
- Other
Appliances
- Included: Oven, Dishwasher, Refrigerator, Washer/Dryer Stacked, Oven/Stove, Stacked Washer/Dryer
Features
- Flooring: Carpet, Linoleum, Wood
Interior area
- Total structure area: 3,072
- Total interior livable area: 3,072 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Carport, Detached
- Has garage: Yes
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,842.68 Square Feet
- Residential vegetation: Mature Trees
Details
- Parcel number: 057170020150
- Zoning description: MULTI FAM
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick, 4 Sides Masonry
- Roof: Composition
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Olmos Park
Location
- Region: Olmos Park
Financial & listing details
- Price per square foot: $277/sqft
- Tax assessed value: $626,000
- Annual tax amount: $13,833
- Price range: $850K - $850K
- Date on market: 7/1/2025
- Listing terms: Conventional,VA Loan,Cash
- Total actual rent: 2000
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