A rare multi-family opportunity in one of Alamo Heights' most sought-after locations. Situated on an expansive 0.41-acre lot, this charming five-unit property offers exceptional flexibility, strong income potential, and long-term upside in a premier neighborhood. The property consists of four units in the main building plus one detached studio, all positioned in a highly walkable setting that is difficult to replicate. Nestled between Broadway and The Cambridge Oval, residents enjoy immediate access to some of the area's most beloved destinations, including Merit Coffee, Bird Bakery, Paloma Blanca, and Cambridge Elementary, with Central Market and H-E-B just minutes away. The building retains classic character with original wood floors throughout the living areas, abundant natural light, and generous storage, creating bright and welcoming interiors. Laundry amenities include washer/dryer connections. Possibilities: Currently zoned MFD, this 0.41-acre property presents multiple potential paths forward, subject to buyer verification and approvals. Options may include continuing as a multi-family rental investment, exploring reconfiguration or conversion opportunities, or investigating the feasibility of lot division and new construction. Buyers are encouraged to conduct their own due diligence with the City of Alamo Heights to confirm zoning, density, setbacks, and allowable development options. A truly unique opportunity in the heart of Alamo Heights, offering location, flexibility, and long-term potential rarely found in today's market.