1502 Diamond Avenue
Penitas, TX 78576
--
Bed
0
Bath
10,164Sqft
1.00Acre(Lot)
Attention All Investors! Incredible investment opportunity to own a fully occupied/rented 8-plex listed at $59 per sqft.! Located just north of U.S. 83 (I-2), is a well maintained 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features seven spacious 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is a growing and excellent location. Hurry and take advantage of this fantastic opportunity before it's gon
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Tile -
Roofing Information
Shingle -
Interior Features
Ceiling Fan(s) Roof: Shingle Appliances: Range, Cooktop, Electric Water Heater, Refrigerator Window Features: Insulated Windows, Double Pane Windows -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Year Built: 2003 Building Area Total: 10164 Construction Materials: Brick Stories: 1 Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 1.0049 Acres Lot Size Acres: 1.0049 Lot Size Square Feet: 43773.0084Property Information
Subdivision: Anadal Source Property Type: Residential Income Property SubType: Multi Family Property Age: 23
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Listing Price Information
Listing Price: $599000
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Tax Information
Parcel Number: A493002000009A00 Tax Year: 2023 Annual Tax: $19693
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Parking Information
Parking Total: 2 No Garage
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School Information
Elementary School: JFKJunior High School: ChavezSenior High School: La Joya H.S. -
Location Information
Direction: From Expressway 83 travel north on Tom Gill Rd to Diamond Ave, then turn left onto Diamond Ave. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 321 W Expressway 83, Penitas, TX, 78576 | $949,000 | -- | -- | 3,302 | 4 Acres |
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater McAllen Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Greater McAllen Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 09/11/2026 @ 01:42
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