For Sale I 410 Heights I Multifamily - Garden Apartments

Colliers is pleased to present 410 Heights, a 170-unit value-add multifamily asset located in San Antonio, Texas, near the renowned South Texas Medical Center. With its strategic location, strong historical performance, and clear value-add potential, 410 Heights is well-positioned for significant upside. This opportunity allows new ownership to enhance value through interior and operational improvements, increase effective rental rates, and maximize returns in a supply-constrained, high-demand submarket.

Strategically located in the heart of San Antonio, 410 Heights offers investors immediate access to one of the city’s most resilient and high-demand rental corridors. Situated just minutes from the 900-acre South Texas Medical Center—a major economic engine employing over 60,000 professionals—the property benefits from consistent tenant demand driven by the area’s dense employment base, regional healthcare infrastructure, and proximity to major thoroughfares including Loop 410, IH-10, and Highway 281. The submarket boasts high occupancy, limited new supply, and excellent connectivity to key destinations such as USAA Headquarters, UTSA, and premium retail at The Rim and The Shops at La Cantera.

410 Heights presents a compelling value-add investment opportunity with proven operational stability and significant upside potential. With a mix of classic and partially renovated units, new ownership can implement a focused renovation strategy to modernize interiors, enhance curb appeal, and optimize rents in line with nearby renovated comps. The property’s strong historical performance, coupled with in-place cash flow and favorable submarket dynamics, positions it as a high-potential acquisition for investors seeking both yield and long-term value appreciation in a top-performing San Antonio location.

Investment Highlights

Prime Location Adjacent to South Texas Medical Center
Strategically situated minutes from the 900-acre South Texas Medical Center, one of the largest medical hubs in the state, employing over 60,000 healthcare professionals, creating steady, year-round rental demand.

Convenient Connectivity to Loop 410 & Major Arteries
Excellent connectivity with immediate access to Loop 410, IH-10, and Highway 281, providing residents with short commutes to Downtown San Antonio, USAA, UTSA, and major employment and retail centers.

An Established Submarket That Provides Stable Fundamentals
410 Heights is in a high-performing pocket of San Antonio that is boast strong occupancy rates as shown onsite with the property currently at 92.4% Occupied. The proximity to major demand drivers in the area help provide consistent rent growth and strong occupancy trends.

Low-Rate Assumable Debt
410 Heights offers a very favorable assumable debt option. With a low 3.635% fixed rate. This opportunity offers ease of mind to investors in a rather volatile debt market.

Value-Add Opportunity
410 Heights offers significant upside through interior renovations, operational efficiencies, and rent growth. Positioned in a strong submarket with healthy occupancy and demand fundamentals, 410 Heights presents a compelling opportunity to enhance NOI and overall asset value