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1502 Diamond Avenue, Penitas, TX 78576

Penitas
Local realty services provided by:CENTURY 21 Johnston Company
1502 Diamond Avenue,Penitas, TX 78576
$599,000
  • - Beds
  • - Baths
  • 10,164 sq. ft.
  • Multi-family
  • Active
Listed by: marisol morris, marisol morris
Office: real estate professionals
MLS#:505572
Source:TX_GMAR

Price summary

  • Price:$599,000
  • Price per sq. ft.:$58.93

About this home

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!

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Home facts

  • Year built:2003
  • Listing ID #:505572
  • Added:54 day(s) ago
  • Updated:July 20, 2026 at 03:35 PM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Water Heater, Refrigerator, Stove/Range
  • Living area:10,164 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2003
  • Building area:10,164 sq. ft.
  • Construction Materials:Brick
  • Exterior Features:Chain Link
  • Foundation Description:Slab

Schools

  • High school:La Joya H.S.
  • Middle school:Chavez
  • Elementary school:JFK

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$58.93
  • Tax amount:$19,693

Features and amenities

  • Appliances:Refrigerator, Stove/Range
  • Laundry features:Laundry Area

Parking

  • Parking description:Other Garage or Carport

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