I did with my rental property. In 2015 years ago in Las Vegas I bought a $250,000 fourplex for rental income. That property now had over a 50% increase in value in those four years, it si now worth $375,000. Instead of charging $600 a month for four two bedrooms, i can now charge $800 a month. I am getting an extra $800 a month on rentals and a property value increase of $125,000. The home I got for 300,000 that i live in is worth 450,000.
Of course you only make money if you have a second property you don't make money off first. Also, yes in the stock market if you are getting a 4.5% rate of return, like on an S&P 500, that is really good growth. Real Estate has more rapid growth. In fact if you don't get at least 50% after 7 years or 7% rate of return, your property is not giving you a good return on investment. I can speak on this I have an MBA and I advise people to not put their eggs in one basekt. Invest in the S&P500, some commodities, have six months of your annual salary saved up before you invest and invest in income property, this formula worked for me.