Set on a rare 0.41-acre lot in the heart of Alamo Heights, this four-unit property offers a compelling blend of current income and exceptional future potential. Ideally positioned between Broadway Street and Cambridge Oval, the location is one of its strongest assets, highly walkable to neighborhood staples like Merit Coffee, Bird Bakery, and Paloma Blanca, with everyday conveniences such as Central Market and H-E-B just minutes away.
Zoned MFD, the oversized lot opens the door to a range of possibilities. Buyers may consider expanding density, redevelopment, or even alternative uses such as office or medical space, subject to city approval. Preliminary guidance suggests the potential for up to nine units, though all zoning, development options, and restrictions should be independently verified.
The existing structure showcases classic character with original wood floors, abundant natural light, and functional layouts across four units. The property presents a clear opportunity for strategic updates and repositioning, whether enhancing rental income, or elevating the overall asset for long-term appreciation.
Offered as-is, this is a rare chance to secure a large parcel in one of San Antonio's most sought-after neighborhoods, with multiple paths to create value, from renovation to redevelopment. A property with this level of flexibility, location, and upside is increasingly hard to find.