Value-Add Apartment
1300 Patricia Dr San Antonio, TX 78213
1300 Patricia Dr, San Antonio, TX, 78213
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For Sale
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Pending
A 240-unit, 1980-built apartment community with one- and two-bedroom units and recent exterior, interior, and boiler improvements.
Property Size385,898 SF
Days on Market399
Property Features for 1300 Patricia Dr
General Information
- Standard status
- Pending
- Size
- 385,898 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
The Multifamily Group
Listed by
Christopher Siemasko · License #TX 709242
Source
Crexi
Added: Jun 18, 2025 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Multifamily Group
Investment Insights
Based on property information with market context.
ICON is a 240-unit apartment community constructed in 1980 offering one- and two-bedroom floorplans. The property is currently 75% occupied. Recent capital expenditures under the current ownership include new roofing across the property, interior unit upgrades renovating to 200 units, and exterior enhancements including a full repaint in 2022. One boiler was replaced within the last three months, and the second boiler is approximately four years old.
The property is located in San Antonio’s North Central area and provides convenient access to major retailers and dining, including H-E-B, Walmart Supercenter, Chick-fil-A, and Starbucks, each noted as a short drive away. The listing also states the property is within North East ISD and approximately 2.5 miles from San Antonio International Airport.
The offering is described as value-add, with identified opportunities including adding washer and dryer capabilities via connections in every unit, launching a water conservation program to reduce estimated water costs, and developing or improving additional site amenities. Additional value-add concepts referenced include building carports for tenant rental and evaluating development of vacant land tied to previously burned units or creating new amenity spaces.
The property is located in San Antonio’s North Central area and provides convenient access to major retailers and dining, including H-E-B, Walmart Supercenter, Chick-fil-A, and Starbucks, each noted as a short drive away. The listing also states the property is within North East ISD and approximately 2.5 miles from San Antonio International Airport.
The offering is described as value-add, with identified opportunities including adding washer and dryer capabilities via connections in every unit, launching a water conservation program to reduce estimated water costs, and developing or improving additional site amenities. Additional value-add concepts referenced include building carports for tenant rental and evaluating development of vacant land tied to previously burned units or creating new amenity spaces.
Key Highlights
- 240‑unit apartment community built in 1980 with one- and two‑bedroom floorplans
- Currently 75% occupied, with submarket occupancy rates around 90%
- Over $5.1MM in renovations: $376,000 new roofing, $2.1MM interior upgrades (renovating 200 units), and $1.5MM exterior enhancements including repaint in 2022
Property Analytics
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FAQs
What type of property is this?
Apartment building - A 240-unit, 1980-built apartment community with one- and two-bedroom units and recent exterior, interior, and boiler improvements.
Where is this apartment building located?
The property is located at 1300 Patricia Dr San Antonio, TX.
What are key features of this property?
This property features: 240‑unit apartment community built in 1980 with one- and two‑bedroom floorplans; Currently 75% occupied, with submarket occupancy rates around 90%; Over $5.1MM in renovations: $376,000 new roofing, $2.1MM interior upgrades (renovating 200 units), and $1.5MM exterior enhancements including repaint in 2022
