Auction - Oak Meadow Villa Apartments | 220 Units |… — Sale in San Antonio, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Antonio, TX 78222
Photos
Description
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3441/multifamily/san-antonio/tx Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Oak Meadow Villa is a 220-unit garden-style community at 2929 Rigsby Avenue in southeast San Antonio. Built in 1969, the ±15.23-acre, two-parcel property contains 181,546 rentable SF and six floor plans ranging from 570 to 1,448 SF. The mix includes 36 one-bedroom, 58 two-bedroom, 92 three-bedroom and 34 four-bedroom homes (57% of inventory offers three or four bedrooms). As of August 2026, the property is 54.5% physically occupied. The current rent roll identifies 59 vacant units as rent-ready, providing immediate lease-up potential, with 39 additional vacancies positioned for turns and renovation. Capital expenditures total approximately $1.67 million from 2023 through July 2026, concentrated in interiors, flooring, plumbing, HVAC, and exterior systems. Amenities include a pool, basketball court, laundry facilities, picnic areas, and controlled access. The property benefits from connectivity to I-10 and Loop 410, Rigsby Avenue visibility, and access to downtown and Brooks, a nearly 1,600-acre mixed-use center with 150+ businesses and 5,500+ on-campus jobs. Oak Meadow Villa offers investors significant scale, a large base of rent-ready inventory and a clear path to improve occupancy and revenue through focused leasing, continued upgrades, and hands-on management. Investment Highlights: • STARTING BID $3,000,000 | Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied | AUCTION OCTOBER 19-21 • 220-Unit Multifamily Repositioning Scale - Six floor plans span 570 to 1,448 SF, offering one- through four-bedroom apartment layouts. • Immediate Lease-Up Runway at 54.5% Occupancy - Value-add potential with 59 rent-ready vacancies and 39 additional homes requiring turns. • Approximately $1.67MM in Recent Cap Ex - Investment from 2023 through July 2026 address
Market Context
This multifamily in San Antonio, TX is listed for sale. Compare it against other multifamily listings for sale in San Antonio, TX — view the full market.
As of Q4 2025, the San Antonio multifamily market showed a 15.8% vacancy rate, and average asking rents near $1231.50/unit/mo. Source: multiple brokerage reports, Q4 2025.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Multifamily market FAQ
- Is the San Antonio multifamily market tightening or softening?
- Vacancy is around 15.8% (Q4 2025).
Contact
- Ben Kalter · (210) 343-7809 · ben.kalter@marcusmillichap.com
- Drew Garza · (210) 343-7848 · dgarza1@ipausa.com
- Adam Sklaver · (954) 245-3422 · adam.sklaver@marcusmillichap.com
- Philip Kates · (954) 245-3408 · philip.kates@marcusmillichap.com
- Tim Speck · (972) 755-5200
Explore this market
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