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1502 Diamond Avenue, 
Penitas, TX 78576

$620,000

—

Bed

—

Bath

10,164

Sq Ft

Multi-Family

Active

Listed by

Marisol Morris

Berkshire Hathaway Homeservice

956-682-4701

Last updated:

March 12, 2026, 03:08 PM

MLS#

492422

Source:

TX GMAR

About This Home

1502 Diamond Avenue

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!

Home Facts

Multi-Family

Built in 2003

Price Summary

620,000

$60 per Sq. Ft.

MLS #:

492422

Last Updated:

March 12, 2026, 03:08 PM

Rooms & Interior

Interior

Living Area:

10,164 Sq. Ft.

Structure

Structure

Building Area:

10,164 Sq. Ft.

Year Built:

2003

Lot

Lot Size (Sq. Ft):

43,773

Finances & Disclosures

Finances

Price:

$620,000

Price per Sq. Ft:

$60 per Sq. Ft.

Source:TX GMAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.