Value-Add Apartment
For Sale
Contact for pricing
Pending
1300 Patricia Dr, San Antonio, TX 78213
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 Market448
Property Features for 1300 Patricia Dr
General Information
Standard status
Pending
Size
385,898 SF
Class
B
Total Parking Spaces
352
Property subtype
Multifamily
Occupancy
75%
Additional Details
Multifamily Units
240
Building Details
Year Built
1980
Buildings
18
Stories
3
Units
240
Listing Agency:
The Multifamily Group
Listed By:
Christopher Siemasko · License #TX 709242
Source:
Crexi
Added: Jun 18, 2025
Changed: Aug 8
Last Checked: Jul 24 at 4:58PM
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
Current Use
Lease Details
240
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 78213, TX
40,589
Population
18,184
Households
2.2
Avg Household Size
36
Median Age
23%
College-Educated
81%
High-School Grad
8.0 sq mi
ZIP Area
5,074
Density / Sq Mi
$53,342
Median Household Income
$34,799
Median Earnings
$1,161
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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
