Oak Meadow Villa Apartments | 220 Units | 54.5% Occupied

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.