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1502 Diamond Avenue

Penitas, TX 78576

$599,000 $2,525/Mo

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Overview

Bed

Bath

10,164

Sqft

1.00

Acre(Lot)

Description

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 e!

Property Details

Property Type : Residential Income

Price : $599,000

AD Id : 79278868

MLS Id : 505572

Lot Size : 1.00 Acre

Living Area Size : 10,164

Year Built : 2003

County : Hidalgo

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

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

Building Information

Year Built: 2003 Building Area Total: 10164 Construction Materials: Brick Stories: 1 Private Pool: No
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 1.0049 Acres Lot Size Acres: 1.0049 Lot Size Square Feet: 43773.0084

Property Information

Subdivision: Anadal Source Property Type: Residential Income Property SubType: Multi Family Property Age: 23

Listing Price Information

Listing Price: $599000

Tax Information

Parcel Number: A493002000009A00 Tax Year: 2023 Annual Tax: $19693

Parking Information

Parking Total: 2 No Garage

School Information

Elementary School: JFK

Junior High School: Chavez

Senior 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)

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ByOwner last updated this listing 06/08/2026 @ 06:17

MLS: 505572 LISTED BY: , Real Estate Professionals SOURCE: Greater McAllen Association of REALTORS