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10,164 sqft

$599,000

1502 Diamond Avenue, Penitas TX, 78576

Price per sqft$58.93
Built in2003
Property size10,164 sqft
Property typeMulti-family

Overview

Active

Listed May 27, 2026

Updated Jul 8

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 gone!

$3,985/mo

Est. mortgage payment based on a $599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
505572

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1 Acres

Other Property Details

Taxes
$19,693
Tax Frequency
Annually
Maintenance Expense
$2,760
MLS provider logo

Listed by Marisol Q. Morris with Real Estate Professionals
Listing Contact: 956-682-4701 

The IDX display contains information sourced from the Greater McAllen Association of REALTORS® as of 7/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 the Greater McAllen Association of REALTORS® all rights reserved.

Data last updated on 7/8/2026 at 2:49 AM UTC

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