Penitas TX Multifamily Investment
1502 Diamond Avenue, Penitas, TX 78576
MULTI_FAMILY - Penitas, TX
Property size:
10,164 SFLot size:
1.00 AcresPrice / SF:
$60/SF- Added:
- Jan 17, 2026
- Days on Market:
- 117
- Last Refresh:
- May 14 at 8:06 pm
Property Features for 1502 Diamond Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Other, Garage
- Fencing
- Chain Link
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- A493002000009A00
- Size
- 10,164 SF
- Lot size
- 1.00 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 19693
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Number of units
- 8
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Marisol Q. Morris (956) 330-0528
Listing office Berkshire Hathaway HomeService 208 W Nolana, McAllen, TX (956) 682-4701
Listing date Jan 17, 2026
MLS# 492422
Listing URL
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 8‑plex offering immediate cash flow.
- Featuring seven 2‑bedroom/2‑bath units and one larger 3‑bedroom/2‑bath unit.
- Prime location near major roadways, shopping centers, and dining options in Penitas, TX.
- Well‑maintained property with a proven rental history.
- Durable brick construction and shingle roof.
- Built in 2003 with central electric heating and cooling.
Overview
This is an investment opportunity to own a fully occupied 8-plex. Located just north of U.S. 83 (I-2), this well-maintained property is situated in the Penitas, TX area. The property, with a size of 10164 square feet, features seven 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. All units are currently occupied and leased, providing immediate cash flow. The property is located near major roadways, shopping centers, and dining options. The lot size is 1.0049 acres. The property is located in Hidalgo County.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Penitas
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.44658
- Latitude
- 26.247881
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 8-plex near U.S. 83 in Penitas, TX.
Where is this apartment building located?
The property is located at 1502 Diamond Avenue Penitas, TX.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Fully occupied 8‑plex offering immediate cash flow.; Featuring seven 2‑bedroom/2‑bath units and one larger 3‑bedroom/2‑bath unit.; Prime location near major roadways, shopping centers, and dining options in Penitas, TX.
