About This Home

This 0-bedroom, 0-bathroom residential multi family at 321 E MELROSE DR in Olmos Park, TX is listed for $640,000 ($208 per sqft). Built in 1937, the home offers 3,072 sqft of living space on a 0.20 acres lot.

Key Features

  • Built in 1937
  • 0.20 acre lot

Property Details

1937
Listing Description

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.

Monthly Cost Estimate

$3,423/mo

20% down · 6.5% · 30 years

Principal$463
Interest$2,773
Insurance$187

Estimates only. Actual payments may vary.

Location

321 E MELROSE DR

Olmos Park, TX 78212

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 321 E MELROSE DR is listed at $640,000 ($208/sqft). The estimated monthly payment is $3,423 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1937, 0.20 acre lot.

This property is listed by Chad Nall.

CN

Chad Nall

Agent at Suburban Spaces

Listed by Suburban Spaces · Broker phone: (210) 263-9323 · View on Broker Site · Broker website

MLS# 2022766· Source: LERA MLS· 1 day on PropertySimple

Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

321 E MELROSE DR, Olmos Park, TX 78212

Open this listing in: