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Rainbow Hills Duplexes 3 Multifamily Properties Offered at $3,500,000 in San Antonio, TX
INVESTMENT HIGHLIGHTS
- First time offered in over 50 years by original developers
- Over $200K annual income upside through rent alignment
- Strong demographic growth and household income trends
- Priced at $140,000 per duplex—lowest in comp set
- Located near Lackland AFB and major transit corridors
- Uniform 2-bed/1-bath unit mix simplifies operations
EXECUTIVE SUMMARY
The Pioneer Homes Duplex Portfolio presents a rare opportunity to acquire a 25-duplex, 50-unit multifamily portfolio in San Antonio’s established Rainbow Hills neighborhood. Offered for the first time in over half a century by the original development group, this portfolio is priced at an exceptional basis of $160,000 per duplex—well below comparable assets in the market. Located just 3.5 miles from Lackland Air Force Base and 11.9 miles from downtown San Antonio, the property benefits from proximity to major employment centers, retail corridors, and transportation routes including Loop 410 and U.S. Highway 90. The surrounding area is home to a stable residential population, with projected household growth and average incomes climbing steadily through 2030.
PROPERTY FACTS
| Price | $3,500,000 | Number of Properties | 3 |
| Price / SF | $93.33 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 37,500 SF |
| Status | Active | Total Land Area | 0.17 AC |
| Price | $3,500,000 |
| Price / SF | $93.33 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 37,500 SF |
| Total Land Area | 0.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 523-569 Rasa Dr, San Antonio, TX 78227 | Multifamily | 18,000 SF | 1968 | - |
|
Rainbow Hills Apartments
601-641 Tarasco St, San Antonio, TX 78227 |
Multifamily | 16,500 SF | 1967 | - |
| 309 & 311 Tarasco St, San Antonio, TX 78227 | Multifamily | 3,000 SF | 1968 | - |
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CONTACTS
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Andrew Kopenec -
Richard Waterhouse -
Mark Johnson -
Matthews Real Estate Investment Services
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Rainbow Hills Duplexes
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