Alamo Heights Multi-family Homes For Sale

1928797 MLS ⋅ ACTIVE Status

MF33 and .4 of an acre in the last the large lots on Mahnke park- close to Botanical garden and San Antonio's cultural area. 10 units fully remodeled sit on this large lot with still room to add more units if so desired. Concrete pad ready to add SQFT. Two units are STR -short term rentals- and other are long term leases. GREAT return on investment and cash flow. All units have been remodeled to turn key and looking Airbnb quality. Keep it as diversified as it is, or convert all into long term tenants. There are 4 units facing Natalen St, 2 separate buildings, two duplex, of which 2 of those units are currently being used as STR/Airbnb with great fully occupied year round guests. 6 units in the back are the long term tenants. Also, has a small storage area that could be converted to an additional unit, but good to have to keep supplies. 7000 SQFT but could be more as it has not been confirmed total SQFT. Completely remodeled, room to expand and location close to the Pearl and off Broadway at this price, is a steal!!!

312 Natalen, San Antonio

$1,350,000

1798185 MLS ⋅ ACTIVE Status

Great ROI steady investment! Two units- right and left- next to each other. Amazing duplex town-home like situated across from the San Antonio Botanical Gardens, offering residents a breathtaking view of the gardens, particularly from the rooftop terrace located atop the condominium. Both town homes boast luxurious designs and finishes, providing a truly unique experience. Each unit features 3 bedrooms, 3 full bathrooms, and a half bath. Ample and well lit living/dinning open floor kitchen.private parking for two vehicles, in addition to a terrace perfect for relishing the panoramic views of the botanical garden and the downtown area of San Antonio. With an annual membership, you have exclusive access to the Botanical Garden, where you can partake in leisurely walks, admire the breathtaking landscapes, enjoy picnic areas, and attend events organized by the garden. The Oasis project at the Botanical Garden is the perfect combination of luxury, natural beauty, and privacy. The location is unparalleled, and the exquisite finishes and concept make these condominiums an ideal option for high-end buyers seeking an exceptional lifestyle. Owner occupied or investment- either can be done with a nice return on investment!

218 Pinckney St, San Antonio

$975,000

2007982 MLS ⋅ ACTIVE Status

Turnkey 3-unit income property in San Antonio's coveted Mahncke Park, minutes from Broadway, the Pearl District, and downtown. Built in 2018 by Imagine Homes-an ENERGY STAR and Build San Antonio Green certified builder-each 2-story townhome-style unit offers 2 bedrooms, 2.5 baths, open-concept living, granite counters, stainless appliances, and a private 1-car garage. Individually metered utilities keep operating costs low. 2025 income totaled $70,298 with $29,666 NOI, and the property has proven flexibility for traditional leases or furnished/short-term rentals (one unit currently operates as a successful Airbnb). A rare chance to acquire a stabilized, low-maintenance asset in one of San Antonio's most in-demand infill locations-or for an owner-occupant to live in one unit while the other two offset the mortgage. Rent roll and full financials available upon request.

107 Claremont Ave, San Antonio

$829,000

2012183 MLS ⋅ ACTIVE Status

Rare investment opportunity in the coveted Terrell Hills/78209 area! This well-maintained fourplex offers approximately 4,956 SF on a 0.28-acre lot and is ideally located near Fort Sam Houston, Alamo Heights, The Pearl, downtown San Antonio, major highways, shopping, dining, and entertainment. The property features a desirable mix of 2- and 3-bedroom units, covered parking, shared laundry facilities, mature trees, and strong rental demand. Residents enjoy updated interiors and a convenient central location. An excellent opportunity for investors seeking steady income and long-term appreciation in one of San Antonio's most sought-after neighborhoods.

1157 Garraty Rd, San Antonio

$759,900

1954258 MLS ⋅ ACTIVE Status

Charming brick Tudor-style duplex nestled in the highly sought-after Mahncke Park, walking distance from Incarnate Word, the San Antonio Country Club, Central Market & just moments from Breckenridge Park, The Pearl, & Downtown San Antonio. Each residence offers 3 bedrooms and 2 bathrooms, showcasing timeless hardwood floors, spacious living and dining areas, and an abundance of natural light that enhances the home's warm, inviting character. Both units are beautifully appointed with stainless steel appliances! Including stove, microwave, and dishwasher, along with in-unit stackable washer and dryers, blending everyday convenience with refined living. Private patio spaces, keyless entry, multiple access points, a three-car garage, and additional driveway parking further elevate the property's functionality and appeal. A newly installed composition roof adds peace of mind, while the prime location places you within close proximity to some of the city's best dining, shopping, and cultural attractions. Whether you're seeking a sophisticated primary residence with added flexibility or a compelling income-producing opportunity, this property offers the best of both worlds.

162 Davis Ct, San Antonio

$748,000

1938732 MLS ⋅ PRICE CHANGE Status

A rare opportunity in the heart of Alamo Heights. Set on an oversized 0.41-acre lot between Broadway Street and Cambridge Oval, 107 Willim offers something increasingly difficult to find: a substantial parcel in an exceptional location with multiple paths forward. The existing four-unit property provides an immediate foundation for the next owner's vision. Give the units a quick refresh and reposition them for rental income, undertake a more comprehensive renovation, or explore the long-term redevelopment potential of the site. Zoned MFD, the property may offer opportunities for additional residential density or other permitted uses, subject to City of Alamo Heights approval and independent verification. Location is a defining advantage. Just blocks from Merit Coffee, Bird Bakery, Paloma Blanca and other neighborhood favorites, with Central Market, H-E-B, shopping, dining and everyday conveniences only minutes away, the property sits in one of the most desirable and established areas of San Antonio. Original wood floors, abundant natural light and classic character remain throughout the existing building, giving renovation-minded buyers a strong starting point. For developers and investors, the size of the lot, zoning and location create an entirely different opportunity to explore what the property could become. Renovate. Reposition. Redevelop. Few properties offer this combination of location, lot size and flexibility in Alamo Heights. 107 Willim is an opportunity to acquire a distinctive piece of real estate today, and determine the best vision for its next chapter.

107 Willim, San Antonio

$700,000

2006397 MLS ⋅ ACTIVE OPTION Status

Great investment opportunity in Mahncke Park with a large parcel containing 3 lots, approximately 11,325 sq.ft., on a very private street across from San Antonio Country Club and a few houses down from the San Antonio Botanical Center. Enjoy this charming Spanish stucco style two story duplex with many original features plus the super modern building in the rear with a loft, garage and storage room in a super location close to the museums, Pearl, Central Market and Downtown! Live in one unit and enjoy income from the other two units or rent all three for an investment opportunity. Original duplex built in 1938 has original hardwood floors, each with 2 bedrooms and 1 bath , nice sized living room and eat in area off the kitchen , central heat and air and wonderful natural light. Upstairs unit has a private balcony overlooking the treed San Antonio Country Club property. First floor unit has an updated kitchen and a nice private porch. The back modern structure in the rear, built in 2005, approximately 705 sq.ft. is a very cool open loft style with high ceilings. Currently, the first-floor unit is vacant and easy to view.

526 Pershing Avenue, San Antonio

$654,000

1871720 MLS ⋅ ACTIVE Status

Charming and centrally located 4-plex in Mahncke Park, just minutes from Downtown, The Pearl, Botanical Garden, San Antonio Zoo, Trinity University, and UIW. The unit mix includes a spacious 3/2, a 2/2, a 1/1, and a studio, offering versatility for investors or owner-occupants. New roof installed November 2025. Hardwood floors throughout and off-street pad parking for each tenant. This property delivers strong rental potential in a high-demand area with consistent tenant interest. Ideal for investors, house-hackers, or multigenerational living. A rare opportunity in one of San Antonio's most desirable central neighborhoods.

255 Natalen Ave, San Antonio

$599,000

1954488 MLS ⋅ ACTIVE Status

Rare investment opportunity in the highly sought-after Alamo Heights ISD! This beautifully maintained two-story duplex offers a townhome-style design with exceptional features. Unit 1: 2 bedrooms, 2.5 bathrooms, and the same convenient 2 detached parking spaces with rear alley entry, covering 1,686 sq. ft. This unit features timeless parquet flooring, plantation shutters, and thoughtful design touches like dual master suites upstairs and a private outdoor patio. Unit 2: 3 bedrooms, 2.5 bathrooms, and 2 detached parking spaces with rear alley access, spanning an impressive 2,030 sq. ft. Inside, you'll find gorgeous wood-look tile flooring, spacious rooms, dual master suites upstairs, abundant closet space, and ceiling fans throughout. The private outdoor patio is the perfect retreat for relaxation. Both units are designed with comfort and functionality in mind, making this property an ideal addition to your investment portfolio. Please note: Do not disturb the tenants. Contact for more information or to schedule a showing. Don't let this incredible opportunity pass you by!

342 & 346 Terra Alta, San Antonio

$598,000

1943104 MLS ⋅ ACTIVE Status

Excellent investment opportunity in the highly desirable Mahncke Park neighborhood. This fourplex is available for purchase individually or as part of a larger portfolio, offering flexibility for investors. Owner financing is available with attractive terms, providing a convenient path to acquisition. The property consists of four spacious 1-bedroom, 1-bath units, each featuring washer and dryer hookups and well-designed floor plans that appeal to a broad tenant base. Each unit retains many distinctive features unique to the 1930s, offering charm and character that set this property apart from more modern construction. Covered parking is available onsite, with one designated space per unit, adding convenience and tenant appeal. With deferred maintenance and cosmetic updates, this property offers excellent upside potential and the opportunity to increase rental income while restoring it to its full potential. Interior photos reflect the condition of the units during their most recent vacancy. A rare value-add opportunity in one of the city's most desirable and historic rental markets.

340 Natalen, San Antonio

$595,000

2004277 MLS ⋅ ACTIVE Status

Exceptional opportunity to own a beautifully updated single-story fourplex in the heart of Mahncke Park, one of San Antonio's most desirable and centrally located historic neighborhoods. Perfect for investors or owner-occupants, 215 Eleanor offers an ideal combination of location, updates, and income potential. All four residences feature luxury vinyl plank flooring, granite countertops, updated appliances, and beautifully renovated bathrooms with modern tile finishes. Units 2 and 3 include stainless appliances, while Units 1 and 4 feature white appliances. Each unit enjoys a private fenced backyard with a covered patio, and the secure gated parking area offers a total of six covered parking spaces and four additional uncovered spaces. Based on current occupancy and projected lease-up of the two vacant units, the property offers a projected gross annual income of $56,820. The property is served by four central HVAC systems, providing separate comfort for each residence. Ideally located just off the Broadway Corridor, the property is approximately 2.5 miles from The Pearl, 4 miles from Downtown San Antonio and the River Walk, 1 mile from Fort Sam Houston, 2 miles from Highway 281, 5 miles from Loop 410, 1.1 miles from the San Antonio Botanical Garden, and 17 miles from The Shops at La Cantera. Enjoy easy access to Bakery Lorraine, Pullman Market, Merit Coffee, Local Coffee Founders, Brasserie Mon Chou Chou, Best Quality Daughter, Brackenridge Park, the San Antonio Zoo, The Witte Museum, and The DoSeum. With updated interiors, private outdoor living spaces, strong projected income, four central HVAC systems, gated parking, and an exceptional central location near major employers, dining, shopping, and entertainment, 215 Eleanor is a rare turnkey investment opportunity in one of San Antonio's most sought-after neighborhoods. Motivated seller!

215 Eleanor Ave, San Antonio

$575,000

1966558 MLS ⋅ ACTIVE Status

Nestled on one of Mahncke Parks most desirable streets, this historic Tri-plex offers timeless charm, flexibility, and incredible potential for investors or owner occupants alike. The two-story main home features two creatively designed 1-bedroom, 1-bath units each offering comfortable living area, separate dining space, functional kitchen with oven, stove, refrigerator, plus a versatile flex room. This provides an ideal room for a home office, reading nook or additional storage. Screened in patio perfect for bird watching. Tucked behind the main residence, the detached two story structure includes an upstairs 1 bedroom, 1-bath unit situated above the shared laundry room. A charming courtyard creates an inviting outdoor space perfect for relaxing or entertaining. This unique property also offers street parking with potential for future covered parking. Ideally located near some of San Antonio's most beloved destinations including Breckenridge Park, The Witte Museum, San Antonio Botanical Garden, the DoSeum, and some of San Antonio's most fabulous dining destinations.

200 Queen Anne Ct, San Antonio

$550,000

2002098 MLS ⋅ NEW Status

Rare income-producing duplex in the heart of Mahncke Park, one of San Antonio's most sought-after and walkable historic neighborhoods. Built in 1928 and full of timeless character, 217 Allensworth offers two well-appointed units across 2,656 sq ft of living space on a 6,762 sq ft lot, making it an exceptional opportunity for investors, house-hackers, or multi-generational buyers looking to own in the coveted 78209 zip code. Each unit features 2 bedrooms, 1 bath, original hardwood flooring, cozy fireplaces, and an abundance of natural light that pours through classic windows, the kind of craftsmanship you simply don't find in new construction. The property is fully occupied and move-in ready, offering immediate rental income and long-term appreciation potential in one of Bexar County's most desirable corridors. Situated on a quiet, tree-lined street, you're just minutes from the San Antonio Botanical Garden, Brackenridge Park, The DoSeum, and the vibrant dining and retail along Broadway. Quick access to downtown San Antonio, the Pearl District, UTSA's Health Science Center, and major highways including IH-35 and US-281 makes this location unbeatable for tenants and owners alike. Whether you're a seasoned investor expanding your San Antonio real estate portfolio or a first-time buyer looking to live in one unit and let the other pay your mortgage, 217 Allensworth is a turnkey asset in a neighborhood where properties rarely last. Don't miss this opportunity to own a piece of San Antonio's historic Mahncke Park

217 Allensworth St, San Antonio

$525,000

1942895 MLS ⋅ ACTIVE Status

Exceptional Investment Opportunity in Mahncke Park - 4-Plex with Strong Rental History Four-plex in the desirable Mahncke Park neighborhood offers outstanding upside potential for investors. Each of the four units features a functional 1-bedroom, 1-bath layout, appealing to a broad tenant base and supporting consistent occupancy. The property has a proven rental history, providing a solid foundation for immediate income with opportunities for future value enhancement. Each unit includes one dedicated space in a covered carport, adding convenience and tenant appeal. Additionally, an on-site storage room presents the potential to be converted into a shared laundry facility, creating an opportunity to increase rental income and tenant satisfaction. This property is part of a larger Mahncke Park investment portfolio and may be purchased individually or as part of the portfolio, offering flexibility to suit your investment strategy. Ideal for investors seeking cash flow with value-add potential in a prime central location.

218 Claremont, San Antonio

$500,000

1996246 MLS ⋅ ACTIVE OPTION Status

Alamo Heights charm and versatility come together at 222 Redwood St! Situated on a desirable .20-acre corner peninsula lot, this rare property features three separate living spaces, including two 1-bedroom, 1-bath residences and a detached studio casita complete with a full kitchen and bath. The two matching units in the main residence offer an excellent opportunity to be combined into a spacious single-family home, adding even greater value and flexibility in this sought-after location. The East unit offers an updated kitchen and bath, a breakfast room, and a gas-burning fireplace, while the West unit features generous room sizes and abundant natural light. Ideal for owner-occupants, guests, home office space, or income-producing opportunities, this unique property offers flexibility rarely found in such a prime location. Located within highly coveted Alamo Heights ISD and just minutes from shopping, dining, downtown San Antonio, and major employers, this exceptional property delivers character, convenience, and long-term potential.

222 Redwood St, San Antonio

$459,999

2014737 MLS ⋅ NEW Status

Turnkey. Fully furnished. Fully operational. This exceptional income-producing duplex is already established as a high-performing Airbnb with active listings, offering immediate cash-flow potential from day one. Each thoughtfully designed unit features 2 spacious bedrooms, 1 full bathroom, and an inviting open-concept floor plan highlighted by quartz countertops, custom soft-close wood cabinetry, and a complete appliance package, including washer and dryer. Spray foam insulation enhances year-round comfo

321 Andrews, San Antonio

$435,000

1943081 MLS ⋅ ACTIVE Status

Spacious Mahncke Park Duplex - Value-Add Opportunity with Owner Financing Excellent investment opportunity in the highly desirable Mahncke Park neighborhood. This duplex is available for purchase individually or as part of a larger portfolio, offering flexibility for investors. Owner financing is available with attractive terms, making this an accessible acquisition opportunity. Each unit features a very spacious 2-bedroom, 1-bath floor plan with over 1,300 square feet of living space and a dedicated laundry room. The downstairs unit includes an additional separate room ideal for a study, home office, or flex space, while the upstairs unit offers a private patio with views overlooking the street, enhancing tenant appeal. One unit has recently undergone a full electrical upgrade, adding significant value and reducing future capital expenses. With deferred maintenance and cosmetic updates, this property presents excellent upside potential and the opportunity to increase rental income. Interior photos reflect the condition of the units during their most recent vacancy. A compelling value-add opportunity in one of the area's most sought-after rental locations.

333 Natalen, San Antonio

$430,000

2008142 MLS ⋅ ACTIVE Status

Step back in time with this charming 1936 Spanish Revival duplex situated in the historic, tree-lined neighborhood of Mahncke Park. Enjoy high ceilings, arched cutouts, custom wrought-iron accents, and a private entry court. Perfectly poised on nearly a quarter of an acre, this character-filled property offers 1,382 total square feet divided evenly into two private 1 bed / 1 bath units (~691 sq ft each). The interior retains timeless 1930s architectural details while offering modern conveniences. This home is ideal for house-hackers, long-term investors, short-term rental operators, or buyers looking to convert to a single family residence. It is also zoned for additional unit construction in the rear-perfect for building an Accessory Dwelling Unit (ADU), additional rental units, or expanding the existing footprint on the oversized lot.

421 Eleanor Ave, San Antonio

$425,000

1946870 MLS ⋅ ACTIVE Status

This Mahncke Park fourplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Downstairs units in need of significant remodeling, upstairs units close to rent ready. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.

252 Natalen, San Antonio

$400,000

1929144 MLS ⋅ ACTIVE Status

Do Not Miss Out on this Duplex in the Heart of Terrell Heights*- "Here is a great Opportunity to Invest in a premium location in 78209!! You can live in one Unit and fix-up/Update the other Unit to Lease Out for Additional Income. Or You can Lease Out Both Units." And the Property will Pay for Itself." This Property has a great Lot size, Covered Carport Parking, A Very Large Outside Storage Shed, Covered back yard Patio. Upstairs landing/balcony. Covered Front Entrance..You can convert to a Single Family if you choose." Shopping..Dining and Entertainment are minutes away"" ..THIS IS A GREAT FINANCIAL INVESTMENT OPPORTUNITY!! Note: Upstairs is a full Rehab,, and needs work. - Downstairs is completely opposite and is occupied. -Brand New TRANE HVAC SYSTEM/FURNACE Installed Downstairs.

305 Rittiman, San Antonio

$355,000

1942998 MLS ⋅ ACTIVE Status

Income-Producing Mahncke Park Duplex - Value-Add Opportunity with Owner Financing Available This Mahncke Park duplex presents an outstanding investment opportunity with an excellent rental history and strong value-add potential. Each unit features a well-designed 2-bedroom, 1-bath floor plan with private entrances, offering privacy and convenience that tenants appreciate. The property offers meaningful upside potential through deferred maintenance and cosmetic updates, providing investors the opportunity to increase rental income and overall property value. With strategic improvements, this duplex can deliver enhanced returns while benefiting from its desirable location. This property is part of a larger Mahncke Park investment portfolio but may also be purchased individually, offering flexibility to suit a variety of investment strategies. Owner financing terms are available, creating an attractive alternative to traditional financing options. Ideal for investors seeking in-place income with the opportunity to unlock additional value through improvements in a highly desirable rental market. Pictures taken from last vacancy of units.

323 Claremont, San Antonio

$350,000

1942957 MLS ⋅ ACTIVE Status

This Mahncke Park duplex presents an excellent investment opportunity with strong upside potential and a proven rental history. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout, offering functional living spaces that appeal to long-term tenants and support consistent occupancy. Both units include private backyards and individual washer and dryer hookups, enhancing tenant convenience and desirability. These features contribute toward rental performance while providing opportunities for future income growth. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually, offering flexibility for investors of all sizes. Owner financing is available, providing an attractive alternative to traditional lending and simplifying the acquisition process. An ideal opportunity for investors seeking dependable cash flow with additional value-add potential in a highly sought-after central location. All interior pictures taken during last vacancy of units.

261 Claremont, San Antonio

$345,000

1946840 MLS ⋅ ACTIVE Status

This Mahncke Park duplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout with private backyards and individual washer and dryer hookups, enhancing tenant appeal and supporting consistent occupancy. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually.Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.

424 Natalen, San Antonio

$333,000

1946834 MLS ⋅ ACTIVE Status

This Mahncke Park duplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout with private backyards and individual washer and dryer hookups, enhancing tenant appeal and supporting consistent occupancy. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually. Additional development potential exists when combined with the purchase of nearby properties at 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen, creating the opportunity for a larger assemblage. Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.

413 Natalen, San Antonio

$333,000

1945996 MLS ⋅ ACTIVE Status

This Mahncke Park duplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout with private backyards and individual washer and dryer hookups, enhancing tenant appeal and supporting consistent occupancy. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually. Additional development potential exists when combined with the purchase of nearby properties at 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen, creating the opportunity for a larger assemblage. Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.

407 Natalen, San Antonio