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1502 Diamond Avenue Penitas, TX $ 620,000
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$ 620,000 Get more info
1502 Diamond Avenue
$ 620,000
Back to search
Share Save

1502 Diamond Avenue

Penitas, TX, 78576
$ 620,000
Baths0.0 Sq 10,164

Monthly Estimate*

$ 3,817

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Studio

Multi-Family Home for sale in Penitas, TX

for $620,000. This 10,164 square foot home was built in 2003 on a lot size of 1.0049.

Attention All Investors! Incredible investment opportunity to own a fully occupied/rented 8-plex! 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 the perfect choice. Hurry and take advantage of this fantastic opportunity before it's gone!

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Multi-Family Active

Price

$ 620,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 19,693

Style

Multi Family

Lot Size

1.0049

Year Built

2003

Town/City

Penitas

County/Region

Hidalgo

MLS | Web ID

492422
Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Multi Family
Tax Year 2023
Community Features None
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Anadal
Status Active
Directions From Expressway 83 travel north on Tom Gill Rd to Diamond Ave then turn left onto Diamond Ave.
High School La Joya H.S.
City Penitas
High School District La Joya ISD
Lot Size Units Acres
Lot Size Square Feet 43773.0084
Elementary School JFK
Tax Annual Amount 19693
Home Warranty Y/N false
Middle/Junior High School Chavez
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District La Joya ISD
Elementary School District La Joya ISD
Legal Description ANADAL NO. 2 LOT 9-A
Freehold BBO VOW IDX
Living Area 10164
Cooling Central Air Electric
Roof Shingle
Appliances Electric Water Heater Refrigerator Stove/Range
Garage Spaces 0
Construction Materials Brick
Year Built 2003
Stories Count 1
New Construction false
Garage Y/N false
Carport Spaces 0
Carport Y/N false
Year Built Source HCAD
Heating Central Electric
Insurance Expense 974
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 82500
MaintenanceExpense 2760
Number Of Units Total 8
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile
Air Conditioning Y/N true
Window Features Energy Features (Double Pane Windows)
Heating Y/N true
Laundry Features Laundry Area
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Exterior
Water Source Public
Lot Size Area 1.0049
Lot Size Acres 1.0049
Road Surface Type Paved
Irrigation Water Rights Y/N false
Fencing Chain Link
Exterior Amenities None
Parking Features No Garage Other Garage or Carport
Total Parking 0
Foundation Details Slab
Building Area Total 10164
Covered Spaces 0
Pool YN false
Number of Separate Water Meters 8
Number of Buildings 1
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* Excluded Features
List By
Marisol Q. Morris

Listing Agent

Berkshire Hathaway Homeservice

Broker

marisolmorris@aol.com

Email

Affordability Calculator

$5,459
Per Month
70%
30%
0%
Monthly Principal & Interest
$3,817
Monthly Property Taxes
$1,641
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057821 Elementary School
3057348 Middle School
La Joya H.S. High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$620,000 Listed Price

Map

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1502 Diamond Avenue, Penitas, TX, 78576 is a Multi-Family Home for sale at $620,000 with 10,164 sqft and a lot size of 1.0049. 1502 Diamond Avenue is a studio with 0.0 baths and was built in 2003. The property's zip code is 78576 which is in Penitas, TX

Get more info