San Antonio, Texas, January 28, 2026
The Alto, a multifamily property in northwest San Antonio, has achieved a record per-unit sale price, reflecting a strong demand for well-positioned real estate in the area. This sale demonstrates the ongoing appeal of multifamily assets, with plans for renovations under new ownership. Market trends indicate an increase in per-unit prices across the San Antonio multifamily segment.
San Antonio, Texas
The Alto Apartment Complex Achieves Record Per-Unit Sale Price
The Alto, a 108-unit multifamily property located in northwest San Antonio, has been sold for a record per-unit price, marking a significant milestone in the local real estate market. This sale reflects the property’s strong appeal and the ongoing demand for well-positioned multifamily assets in the area.
Property Details and Sale Highlights
Situated on 5.71 acres at 6300 Rue Marielyne St., The Alto was built in 1984 and comprises 121,296 rentable square feet. The property is strategically located near key landmarks such as the South Texas Medical Center, USAA headquarters, Lackland Air Force Base, and the Westover Hills commercial district. The sale was brokered by Marcus & Millichap, a leading commercial real estate brokerage firm, which highlighted the property’s superior per-unit pricing compared to other 1980s-vintage assets in the market during 2025. The buyer plans to implement light interior and exterior renovations, along with professional property management, focusing on operational improvements. Despite recent market challenges, including supply pressures and softening home prices, well-positioned properties like The Alto continue to present strong investment opportunities with the right strategy.
Market Context and Trends
In the broader San Antonio multifamily market, the average sales price per unit was $152,948 in the fourth quarter of 2022, representing a 4.82% year-over-year increase. This indicates a steady appreciation in property values, underscoring the attractiveness of the San Antonio real estate market to investors.
Conclusion
The Alto’s record per-unit sale price underscores the robust demand for quality multifamily properties in San Antonio’s northwest region. This transaction highlights the area’s appeal to investors seeking stable returns and growth potential in the multifamily sector.
FAQ
What is The Alto?
The Alto is a 108-unit multifamily property located in northwest San Antonio, Texas. Built in 1984, it offers 121,296 rentable square feet and is situated near key landmarks such as the South Texas Medical Center, USAA headquarters, Lackland Air Force Base, and the Westover Hills commercial district.
Who brokered the sale of The Alto?
The sale of The Alto was brokered by Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services.
What are the future plans for The Alto?
The new owner plans to implement light interior and exterior renovations, along with professional property management, focusing on operational improvements.
How does The Alto’s sale price compare to other properties in the area?
The Alto achieved a higher per-unit price than any other 1980s-vintage asset in the San Antonio market in 2025, indicating strong demand and the property’s superior appeal.
What is the average sales price per unit in the San Antonio multifamily market?
In the fourth quarter of 2022, the average sales price per unit in the San Antonio multifamily market was $152,948, representing a 4.82% year-over-year increase.
Key Features of The Alto Apartment Complex
| Feature | Details |
|---|---|
| Location | 6300 Rue Marielyne St., northwest San Antonio, Texas |
| Number of Units | 108 |
| Year Built | 1984 |
| Total Rentable Square Feet | 121,296 |
| Notable Nearby Landmarks | South Texas Medical Center, USAA headquarters, Lackland Air Force Base, Westover Hills commercial district |
| Broker | Marcus & Millichap |
| Future Plans | Light interior and exterior renovations, professional property management, operational improvements |
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