About 122 W Formosa
Rare opportunity to acquire a fully occupied 6-unit multifamily property situated on approximately 0.61 acres in South San Antonio. The property offers an established rental-income stream with all seven units currently occupied, making it an attractive opportunity for investors seeking an income-producing asset with additional long-term potential. IDZ zoning increases future development possibilities.
Features of 122 W Formosa
| MLS® # | 2018981 |
|---|---|
| Price | $550,000 |
| Number Of Units | 6 |
| Square Footage | 2,424 |
| Acres | 0.62 |
| Year Built | 1930 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | New |
Community Information
| Address | 122 W Formosa |
|---|---|
| Subdivision | Harlandale |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78221 |
Multi-Unit Information
| Gross Annual Income | $64,800 |
|---|---|
| Net Operating Income | $34,800 |
| Annual Operating Expense | $30,000 |
| Operating Expense Includes | Taxes, Insurance, All Utilities |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | YES |
| Includes | Other |
Unit 2 Information
| Bathrooms (Full) | 1 |
|---|---|
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $800 |
| Occupied | YES |
| Includes | Other |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Other |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Other |
Unit 5 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $850 |
| Occupied | YES |
| Includes | Other |
Unit 6 Information
| Parking Type | Pad |
|---|---|
| Includes | Other |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Other |
|---|---|
| Exterior Features | Mature Trees, Decorative Bars, Detached Quarters |
| Roof | Composition |
| Foundation | Slab, Other |
School Information
| District | Harlandale I.S.D |
|---|---|
| Elementary | Bellaire |
| Middle | Terrell Wells |
| High | Mccollum |
Additional Information
| Date Listed | September 24th, 2026 |
|---|---|
| Days on Market | 1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 6.33 |
| Gross Rent Multiplier | 8.49 |
| Estimated Taxes | $10,955 |
Listing Details
| Agent | Rick Pineda |
|---|---|
| Office | Mission Real Estate Group |
| Contact Info | (210) 788-5981 |