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For sale
  • Price cut: $100K (7/9)
    $699,000

    1502 Diamond Ave, Penitas, TX 78576

    17beds
    9baths
    10,164sqft
    : 
    Multi Family
    Built in 2003
    -- sqft lot
    $-- Zestimate®
    $69/sqft
    $-- HOA

    What's special

    Attention All Investors! Don't miss this incredible investment opportunity! 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 units and one 3-bedroom 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 the perfect choice. Hurry and take advantage of this fantastic opportunity before it's gone!
    209 days
    on Zillow
    |
    62
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 01:41pm

    Listed by:

    Marisol Q. Morris 956-330-0528,

    Berkshire Hathaway Homeservice

    Source: Greater McAllen AOR,MLS#: 457211
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1502 Diamond Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 17
    • Bathrooms: 9
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater, Refrigerator, Stove/Range
    • Laundry: Laundry Area
    Features
    • Ceiling Fan(s)
    • Flooring: Tile
    • Windows: Double Pane Windows
    Interior area
    • Total structure area: 10,164
    • Total interior livable area: 10,164 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: No Garage, Other Garage or Carport
    • Carport spaces: 4
    Features
    • Exterior features: None
    • Fencing: Chain Link
    Lot
    • Size: 1 Acres
    Details
    • Additional structures: Outbuilding (None)
    • Parcel number: A493002000009A00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2003

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: None
    • Security: Smoke Detector(s)
    • Subdivision: Anadal
    HOA
    • Has HOA: No
    Location
    • Region: Penitas

    Financial & listing details

    • Price per square foot: $69/sqft
    • Annual tax amount: $19,693
    • Date on market: 1/17/2025
    • Road surface type: Paved
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