Positioned on an expansive 0.41 acre lot in the heart of Alamo Heights, this five unit property presents a compelling investment opportunity with meaningful upside. The property includes four units in the main building plus one detached studio (Unit 5), which is currently not operational due to foundation considerations, offering potential for future value enhancement. Set between Broadway and Cambridge Oval, the location is a standout highly walkable to local favorites like Merit Coffee, Bird Bakery, Paloma Blanca, and Cambridge Elementary, with Central Market and H E B just minutes away. The building offers classic character with original wood floors, natural light, and functional layouts. There is clear potential for a new owner to refresh, update, and optimize the property over time, creating increased income and long term appreciation. Zoned MFD, the 0.41 acre lot provides flexibility for a variety of strategies. In addition to operating as a multi family investment, buyers may explore redevelopment or increased density subject to buyer verification, the City of Alamo Heights may allow up to nine units on the site. All zoning, development potential, and restrictions should be independently verified. Offered as is, this is an opportunity to acquire a well located asset with multiple paths to add value in one of San Antonio's most desirable neighborhoods.