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    927 W Formosa Blvd San Antonio, TX 78221

    For Sale
    $1,250,000

    MULTI_FAMILY - San Antonio, TX

    Property size:
    10,688 SF
    Lot size:
    0.88 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 927 W Formosa Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF-33
    Size
    10,688 SF
    Lot size
    0.88 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1995

    Real Broker, LLC (214) 202-7615 [email protected]

    Listing agent Sterling Williams (855) 450-0442

    Listing date Aug 4, 2025

    MLS# 1886094 Listing URL

    Copyright © 2025 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property in San Antonio, TX

    The property at 927 W Formosa Blvd in San Antonio, TX, is a 12-unit multifamily community constructed in multiple phases between 1995 and 1999. Situated on a 0.882-acre lot, the property consists of four individual cottages and four duplex buildings. Each of the 12 units features two bedrooms and one bathroom, along with two parking spots. The units include white appliances, tile flooring, and Formica countertops. Each unit is separately metered for water and electricity. Located in south-central San Antonio, the property offers convenient access to Interstate 35 and connectivity to Interstate 410. It is located near department stores, grocery stores, restaurants, and San Antonio's attractions. The property is 4.7 miles from Texas A&M San Antonio and 3.1 miles from the upcoming Palo Alto Hospital development. The property has MF-33 zoning. The property offers ample green space for residents. The property presents a value-add opportunity through strategic rent adjustments and utility cost recovery. Additional income streams may be possible by adding storage units and covered parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.519058
    Latitude
    29.343158

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    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property with value-add potential in San Antonio.
    Where is this apartment building located?
    The property is located at 927 W Formosa Blvd San Antonio, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Value-add opportunity through rent increases, storage unit additions, and covered parking implementation.; - All utilities are separately metered for each unit, paid by tenants.; - Convenient access to Interstate 35, Interstate 410, major stores, restaurants, and San Antonio attractions.
    (855) 450-0442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    927 W Formosa Blvd San Antonio, TX 78221
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