Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied

Highlights:

• 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.
• Multiple Amenities on ±15.23 Acres | Amenities include a pool, basketball court, laundry facilities, picnic areas, and gated access.
• Strategic Access to I-10 and Loop 410 | Rigsby Avenue visibility connects residents to downtown, Brooks, and major Southside employers.

Description:

View details and diligence materials on RI Marketplace: https://rimarketplace.com/auction/3441/multifamily/san-antonio/tx?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october21_2026&utm_content=multifamily_3441

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.

Auction Starts: October 19th, 12pm EST
Auction Ends: October 21st, 12pm EST