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$774,000

488 E OLMOS DR 3, Olmos Park, TX, 78212

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths3,120 Sq Ft
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 1949

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesDishwasher, Refrigerator, Microwave, Oven, Range, Cooktop, Disposal
FlooringCeramic Tile, Wood

Exterior

Lot Size9,715 sqft

Building Information

Year Built1949
Stories2
Roof Type172
Garage Spaces6

Land Information

APN05717-001-0010
Lot Number1
SubdivisionOlmos Park Area 1
Land UseResidential
Legal DescriptionCB 5717 BLK 1 LOT 1
Census Tract190800
Assessed Land Value$437,370
Assessed Improvement Value$295,480
Assessment Year2025

About this property

Beautiful 3-Bedroom, 1.5-Bathroom Furnished Triplex Unit in Fantastic Olmos Park Location, Available for Short-Term Lease. Minimum Lease Duration 30 Days, Longer Lease Terms Negotiable and Case-by-Case. Essentials Included for Kitchen & Bedrooms. Walking Distance to Shopping & Restaurants at Olmos Park Circle, Minutes from Downtown, Airport, The Pearl, & More. Extensively Remodeled in 2020, Interior & Exterior, Handsome Curb Appeal & Unbeatable Location. Front Entry Opens to Spacious Living/Dining Space with Rich, Refinished Hardwood Flooring, Recessed Lighting, Plantation Shutters, & Neutral Paint Colors. Gorgeous Island Kitchen with Stainless Steel Appliances, New Cabinetry, & Granite Countertops. Stacked Washer/Dryer in Laundry Closet. 2 Nicely-Sized Bedrooms, One Furnished King Bed, One with 2 XL-Twin Bed Sets, 3rd Bedroom Currently Furnished as Home Office Space. with Hardwood Flooring & Ceiling Fans. Renovated Bathroom with Tub/Shower, Granite Vanity, & Designer Finishes. Rear Exit in Kitchen to Sidewalk Leading to Carport & Patio. Fenced/Gated Yard. Two (2) Assigned Covered Carport Parking & Patio Area. No Pets Allowed. Alamo Heights ISD.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,649/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,919
$732,850
2025
$437,370
$295,480
$732,850
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,919
$732,850

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$774,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
N/A
+$1,631/mo
2.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Olmos Park

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488 E OLMOS DR 3 | Property Details | No Agent List