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San Antonio Multi-Family Properties for Sale

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Newest San Antonio Multi-Family Homes for Sale

$975,000
1943475 MLS ACTIVE Status
Welcome to 124 E Ashby - a rare historic 8-unit multifamily property located in the heart of Tobin Hill, one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts - each unit offering its own unique character and charm. This is not a commodity apartment complex - it's a boutique historic asset with irreplaceable architectural appeal. Current rents are potentially under market, presenting a compelling value-add opportunity for investors seeking long-term upside. With 75% occupancy and immediate leasing potential on remaining units, there is a clear path toward stabilization and improved cash flow. A stabilized pro forma supports a 5% cap scenario, offering investors the opportunity to increase rents to market levels while benefiting from one of San Antonio's strongest rental corridors. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This drives consistent tenant demand and long-term appreciation potential. This is a location-driven investment with built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. 124 E Ashby is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket - not just another multifamily property, but a long-term hold with upside!

124 E Ashby Pl, San Antonio

$699,900
1941841 MLS ACTIVE Status
Builder offering rate buy-down options through preferred lender-as low as 4.25 (see attached for details). Select units are already pre-leased, and additional first-year property management incentives are available. A prime, turnkey addition to any investment portfolio. Fully leased and cash-flowing from day one, this luxury duplex is a standout investment in the booming DFW market. Built Class-A and designed for long-term performance, this new construction property sits on spacious acre lots with the added advantage of low property taxes-making it an ideal long-term hold. Each of the two thoughtfully designed single-story units offers approximately 1,653 SF of open-concept living space, featuring 3 bedrooms plus a versatile flex room (perfect as a fourth bedroom, office, or media space), 2 full baths, and an attached 2-car garage. Covered patios and private fenced backyards enhance tenant appeal with seamless indoor-outdoor living. Located at the corner of 875 and Edgewood Rd in the desirable Edgewood Estates community of Midlothian and zoned to highly regarded Waxahachie ISD. Just 30 minutes to both Downtown Dallas and Fort Worth, and only 8-10 minutes to Methodist Midlothian Medical Center, Baylor Scott & White Waxahachie, plus major retail and dining destinations. Easy access to major employment hubs further strengthens rental demand. Stabilized, income-producing, and positioned in one of North Texas' fastest-growing corridors-opportunities like this don't sit still.

6802/6804 Florence Drive, Midlothian

$469,900
1941213 MLS ACTIVE Status
Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 tent sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!

605 Lakeshore Ln, Bandera

$895,000
1939828 MLS ACTIVE Status
Alta Vista Value-Add Multifamily | 6 Units | Over 4,000 SF Exceptional value-add multifamily opportunity in the desirable Alta Vista neighborhood. This 6 unit property totaling over 4,000 square feet is being offered as an estate sale and presents substantial upside for investors seeking a repositioning or redevelopment play.The property is not currently operating at market efficiency. There are no long-term leases in place. Three of the six units are occupied on a month-to-month basis at below-market rents, offering immediate rent-growth potential. One unit is occupied by a family member at no rent, and another unit is a 2-bedroom / 1-bath currently under construction, providing a clear path to additional value upon completion by the new owner. The remaining unit offers further opportunity for optimization.Notable features include a central courtyard, on-site parking lot, and a in-ground swimming pool. Rare amenities that support future rent premiums once the property is stabilized and professionally managed.Located along N Flores, the asset benefits from proximity to downtown San Antonio, The Pearl, and major employment centers, making it well-positioned for long-term demand. This is a true investor asset ideal for rent optimization, light-to-moderate renovation, completion of existing improvements, and professional management. Strong fundamentals, flexible occupancy, and multiple value-creation strategies make this an increasingly rare opportunity in Alta Vista.

3221 N Flores, 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

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