2929 Rigsby Ave - Apartments FOR SALE


San Antonio, TX 78222- East Side
$3,000,000 USD
210-426-9376
2929 Rigsby Ave, San Antonio, TX for Sale
$3,000,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

2929 Rigsby Ave
San Antonio, TX 78222
East Side


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 addressed interiors, plumbing, flooring, HVAC, and exteriors.
  • Family-Oriented Three- and Four-Bed Mix - A total of 126 larger layouts represent 57% of inventory.
  • Multiple Amenities on ±15.23 Acres - Amenities include a pool, basketball court, laundry facilities, picnic areas, and gated access.

OVERVIEW

Brokered by Marcus & Millichap, 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.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$13 USD /SF

# OF UNITS

220

PRICE/UNIT

$13,636

CAP RATE

Request Cap Rate

% LEASED

54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Oak Meadow Villa Apts | 220 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

400

LAND DETAILS

LAND ACRES

15.23 AC

LAND SF

663,419 SF

ZONING

I-1, C-2

APN/PARCEL ID

10756-000-0040

ASK ABOUT THIS PROPERTY

Benjamin KalterMarcus & MillichapMore Info
210-426-9376

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Benjamin KalterMarcus & MillichapMore Info
210-426-9376

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.