321 E Melrose Dr Olmos Park, TX $ 640,000
321 E Melrose Dr
$ 640,000
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321 E Melrose Dr

Olmos Park, TX, 78212
$ 640,000
Bedrooms-- Baths3.0 Sq 3,072

Monthly Estimate*

$ 4,420

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Multi-Family Home for sale in Olmos Park, TX

for $640,000 with 3 full baths. This 3,072 square foot home was built in 1937 on a lot size of 0.203.

Fully occupied fourplex in an established Olmos Park setting, featuring quality Thorman construction and a hand-cut limestone exterior. The 3,072-square-foot property offers four light-filled units with hardwood floors and generous closet storage. Unit A, previously owner-occupied, features an updated kitchen with marble countertops, farmhouse sink, and new appliances, plus an efficient mini-split system. 2025 improvements include a new concrete driveway, covered carport, and covered rear patio. Each unit has one covered parking space. Electricity is separately metered, and tenants pay their own electric service. Convenient access to Downtown, The Pearl, Fort Sam Houston, Trinity University, and The Quarry. Located in Alamo Heights ISD. A perfect investment opportunity for an owner occupant, seasoned investor, or 1031 exchange.

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Multi-Family Active

Price

$ 640,000

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,703

Style

Multi-Family (2-8 Units)

Lot Size

0.203

Year Built

1937

Town/City

Olmos Park

County/Region

Bexar

MLS | Web ID

2022766

Features
General
Living Area 3072
Heating Heat Pump Window Unit 3+ Units
Cooling Window/Wall 3+ Window/Wall Heat Pump
Subdivision OLMOS PARK
Builder Thorman
Class Multi-Family (2-8 Units)
Type Two Story
Status New
Area 0900
Year Built 1937
High School Alamo Heights
School District Alamo Heights I.S.D.
Proposed Terms Conventional Cash
Elementary School Cambridge
Middle School Alamo Heights
Legal Description Cb 5717 Blk 2 Lot E 21.2 Of 19 & W 46.7 Of 20
Taxes 11703.54
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Exterior
Exterior 4 Sides Masonry Stone/Rock
Exterior Features Covered Patio Mature Trees Cable TV Available Storm Doors Level
Lot Size 0.203
Water/Sewer City
Roofing Heavy Composition
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Interior
Flooring Ceramic Tile Wood Vinyl
Heating Fuel Electric
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* Excluded Features
List By
Chad Nall

Listing Agent

Suburban Spaces, Llc

Broker

chad@suburbanspaces.com

Email

Affordability Calculator

$5,396
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,420
Monthly Property Taxes
$975
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
744826 Elementary School
746113 Middle School
Alamo Heights High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2026$640,000 Listed Price

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321 E Melrose Dr, Olmos Park, TX, 78212 is a Multi-Family Home for sale at $640,000 with 3,072 sqft and a lot size of 0.203. 321 E Melrose Dr has 3.0 baths and was built in 1937. The property's zip code is 78212 which is in Olmos Park, TX