What is the asking price for Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied?

Please use the contact form to get in touch with a broker and find out more about what this multifamily property has to offer.

What is the total size of Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied?

The property has a total square footage of 181,546 SF.

When was this property built?

Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied was built in 1969.

How many parking spaces are available at Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied?

Parking information for the property isn't currently listed. However, other nearby parking options include Salado Creek Greenway Parking, located 0.92 miles away , and Lot 3, which is 2.45 miles away.

2929 Rigsby Avenue, San Antonio, TX 78222

For Sale Contact for pricing
Property Type Multi-Family
Property Size 181,546 SF
Units 220
Lot Size 15.23 Acre
Year Built 1969
Date Updated Oct 16, 2026

Description

Starting Bid: $3,000,000

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: 10344

• 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 addressed interiors, plumbing, flooring, HVAC, and exteriors.

• Family-Oriented Three- and Four-Bed Mix: A total of 126 three- and four-bedroom units make up 57% of the property's overall unit mix.

Tours available October 5th - 9th and 12th - 16th. Please contact Ben Kalter to schedule a tour.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.

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