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220-Unit Garden-Style Apartment Community
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2929 RIGSBY AVE, San Antonio, TX 78222

Garden-style apartments with multiple floor plans, resident amenities, controlled access, and substantial lease-up capacity.

Property SizeContact for details
Lot Size15.23 Acres
Days on Market9

Property Features for 2929 RIGSBY AVE

General Information

Standard status Active
Net Rentable 181,546 SF
Lot size 15.23 Acres
Property subtype Multifamily
Occupancy 55%

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 36 x 1BR, 58 x 2BR, 92 x 3BR, 34 x 4BR
Multifamily Units 220

Amenities

pool
basketball court
laundry facilities
picnic areas
controlled access

Building Details

Year Built 1969
Construction garden-style
Listing Agency: Marcus & Millichap - Fort Lauderdale
Listed By: Philip Kates · License #FL 3235872
Source: Crexi
Added: Sep 10 Changed: Sep 16 Last Checked: Sep 18 at 4:44AM

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 Marcus & Millichap - Fort Lauderdale

Investment Insights

Based on property information with market context.

Oak Meadow Villa is a 220-unit garden-style apartment community on approximately 15.23 acres across two parcels. The property includes 181,546 rentable square feet and six floor plans ranging from 570 to 1,448 square feet. Unit composition includes 36 one-bedroom, 58 two-bedroom, 92 three-bedroom, and 34 four-bedroom residences. Community features include a pool, basketball court, laundry facilities, picnic areas, and controlled access. Built in 1969, the property has received capital improvements involving interiors, flooring, plumbing, HVAC, and exterior systems. As of August 2026, physical occupancy was 54.5%, with 59 vacant units identified as rent-ready and 39 additional vacancies designated for turns and renovation. The property fronts Rigsby Avenue in southeast San Antonio, with connectivity to I-10 and Loop 410. Downtown San Antonio and Brooks, a mixed-use center spanning nearly 1,600 acres with 150+ businesses and 5,500+ on-campus jobs, are also accessible from the community.

Key Highlights

  • 220‑unit apartment community on ±15.23 acres across two parcels
  • 181,546 rentable SF with six floor plans ranging from 570 to 1,448 SF
  • Unit mix includes 36 one‑bedroom, 58 two‑bedroom, 92 three‑bedroom and 34 four‑bedroom homes

Property Analytics

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Current Use

Best western Hotel & Motel Oak Meadow Villa ... Apartment Complex Oak Meadow Villa Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Food Market (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

220
Residential units
54.5%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby

Demographics for 78222, TX

25,028
Population
9,668
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
19.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$64,251
Median Household Income
$37,730
Median Earnings
$1,151
Median Rent
$188,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Garden-style apartments with multiple floor plans, resident amenities, controlled access, and substantial lease-up capacity.
Where is this apartment building located?
The property is located at 2929 RIGSBY AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 220‑unit apartment community on ±15.23 acres across two parcels; 181,546 rentable SF with six floor plans ranging from 570 to 1,448 SF; Unit mix includes 36 one‑bedroom, 58 two‑bedroom, 92 three‑bedroom and 34 four‑bedroom homes
More about this property
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