Investing in the Texas Triangle: San Antonio

Multifamily Real Estate Investing in the Lone Star State | Part 1 of 4

Are you interested in investing in the great state of Texas but unsure where to begin? Our Texas Triangle series is designed to help you make educated and informed decisions about how to spend your money wisely while supporting the local economy. This week, we’re spotlighting San Antonio—widely known as the Alamo City and home to the Riverwalk, the Crown Jewel of Texas. For a comprehensive look at the local multifamily real estate market, consider connecting with SWBC Real Estate to explore your investment options in this vibrant city.

7 Great Areas for Multifamily Real Estate Investments in San Antonio

In 2023, San Antonio was named the fastest-growing city by the U.S. Census Bureau. From April 2020 to January 2024, over 205,000 people relocated to the city.

The rapidly growing metropolitan is known for its rich history and vibrant culture. Over the past few years, it has quickly become a hub for those looking to boost their real estate portfolio.

Multifamily real estate investing presents numerous advantages that make it an excellent choice for wealth building. It generates consistent cash flow from multiple rental units, assisting with financial stability and mitigating risk through diversification. With an ongoing demand for rental housing and the use of professional management, multifamily investing not only offers the potential for significant returns but also contributes to addressing local housing needs, making it a smart and socially responsible investment strategy. At SWBC Real Estate, we specialize in helping investors navigate this growing market, ensuring you find the best opportunities that align with individual investment needs.

With an expanding population, growing job opportunities, and a boosted housing market, San Antonio just may be one of the better areas to call home or place your investments. However, that raises the question — what areas are the most promising?

Downtown

San Antonio has a beautiful downtown area with a promising outlook for investors interested in commercial properties, city living, or tourism-related real estate. The area is home to major tourist attractions, like the Riverwalk, the Alamo, and the San Antonio Museum of Art. It is seeing immense growth as the area continues to see new developments as well as redevelopments, with many new expansions, including luxury apartments, office spaces, and retail stores.

Westover Hills

Located on the west side of San Antonio, Westover Hills is quickly emerging as a prime location for multifamily real estate investment. The area is experiencing a surge in residential development, with numerous new communities under construction to meet growing demand. Major employers and businesses are relocating to the region, further boosting its economic vitality. Healthcare infrastructure is also expanding significantly—two state-of-the-art hospitals, Methodist Hospital and Baptist Hospital, were recently completed at a combined cost of approximately $500 million. Additionally, CHRISTUS Santa Rosa is undergoing a major expansion in the area. With strong population growth, increased employment opportunities, and robust infrastructure investment, Westover Hills offers a compelling opportunity for investors seeking long-term value in San Antonio’s thriving real estate market.

Southtown

Located just south of the city’s downtown area, Southtown is a vibrant part of San Antonio that has grown exponentially in the past few years. Known for being a trendy, artsy area full of beautifully maintained historic homes, the area has an allure for both people and investors alike. From art galleries to fun activities and incredible ease of walkability, the area has much to offer those looking for investments that are great for renting or calling Southtown home.

Alamo Heights

Alamo Heights is known to be one of the most prestigious areas in San Antonio, making it prime real estate for those looking to invest in luxury properties. Known for its charming homes, top-notch public schools, and proximity to a number of great attractions, the market in this area tends to appreciate at a steady pace, making this area a great long-term investment.

East Side

San Antonio’s east side has historically been an area of the city that is rich in culture and history. Recently, the area has seen a resurgence, with many people moving there to enjoy its charm and proximity to the downtown region. The area has seen revitalization over the past few years, as new businesses move in and investments are made in the infrastructure and community. This side of town is a great investment opportunity for those looking for affordable real estate with great potential for growth.

Stone Oak

Located in North San Antonio, Stone Oak is one of the city’s most affluent neighborhoods, making it a prime target for multifamily real estate investment. The area is known for its high median household income, excellent schools, and is a master-planned community that attracts professionals and families alike. Stone Oak continues to experience steady population growth, supported by a robust job market and proximity to major employers in healthcare, finance, and tech. The neighborhood’s appeal is further enhanced by its well-maintained infrastructure, upscale retail centers, and access to major highways, making it both a convenient and luxurious place to live. Investors looking for long-term stability and strong rental demand will find Stone Oak to be a compelling option in San Antonio’s multifamily landscape.

La Cantera

La Cantera, situated on San Antonio’s Northwest Side near the intersection of Interstate 10 and Loop 1604, is rapidly transforming into a high-growth submarket for multifamily real estate investment. Anchored by major attractions like The Shops at La Cantera, The Rim, Six Flags Fiesta Texas, and the University of Texas at San Antonio, the area offers a unique blend of luxury, lifestyle, and economic opportunity. Recent developments include a $100 million luxury apartment and retail project adjacent to The Rock at La Cantera, the new training facility for the San Antonio Spurs

This master-planned expansion includes residential units, commercial space, and wellness amenities, signaling strong institutional interest and long-term growth potential. With its upscale environment, strategic location, and increasing demand for high-end rentals, La Cantera is quickly becoming one of San Antonio’s most dynamic areas for multifamily real estate investment.

Let SWBC Real Estate Help You

There is no denying that San Antonio is a city on the rise, with amazing potential for multifamily real estate investors. SWBC Real Estate has seen this for years, finding and creating investments with upside potential. Contact us today to learn more about our investment opportunities!

Stay tuned for the rest of our Texas Triangle series as we continue to dive into the best areas to invest in multifamily real estate around the state!

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Stuart P. Smith

Stuart Smith is the Chief Operating Officer of SWBC Real Estate, where is he is responsible for identifying new development opportunities, as well as property acquisitions and dispositions. Mr. Smith brings over 20 years of commercial real estate experience, which includes participation in more than $350 million of equity invested into over $1 billion in commercial real estate transactions, including land developments, multi-family transactions, industrial developments, and the acquisition of stabilized office buildings and retail centers. He has also been directly responsible for a number of functions including: loan originations, financial analysis & underwriting, property acquisitions & dispositions, ground-up developments, asset & property management functions and project marketing & leasing. Mr. Smith is a graduate of the University of Alabama, where he received a Bachelor of Science degree in Commerce and Business Administration, with a double major in finance and marketing and a minor in economics. He is currently licensed as a Real Estate Broker in the state of Texas.