Property details
About 1502 Diamond Ave
Attention All Investors! Don't miss this incredible investment opportunity! 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 units and one 3-bedroom 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!
Highlights
Summary
- Appliances: Range, Cooktop, Electric Water Heater, Refrigerator
- Flooring Type: Tile
- Interior: Ceiling Fan(s)
- Parking: No Garage
- Exterior: None
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- List Price: $699,000
- Price/SqFt: $68
- Directions: From Expressway 83 travel north on Tom Gill Rd to Diamond Ave, then turn left onto Diamond Ave.
- Year Built: 2003
- Stories: 1
- Living Area: 10,164 SqFt
- Lot Size: 1.0049 Acres
- MLS Number: 457211
- MLS Name: McAllenTX
- Office Name: Berkshire Hathaway HomeServices RGV Realty
- Office Phone: (956) 682-4701
- Listing Agent: Marisol Morris
Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/20/2025, 8:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
8
John F Kennedy Elementary School
Public District PK-5
0.3 mi
•1801 Diamond Ave
5
Tabasco Elementary School
Public District PK-5
2.0 mi
•223 S Leo Ave
3
Corina Pena Elementary School
Public District PK-5
3.3 mi
•4800 Liberty Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,020. Typical income of Penitas, TX residents is between $35k-100k annually. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Stein Mart
GameStop
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Jeep
What do the neighbors listen to?
Country
Adult Standards
Oldies
Frequently asked questions
About 1502 Diamond Ave
The listing price of 1502 Diamond Ave property is $699,000.
The property 1502 Diamond Ave is a multi located in Penitas, Texas, 78576.
Active Listing: 1502 Diamond Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1502 Diamond Ave are: John F Kennedy Elementary School (GreatSchools Rating 8/10), Tabasco Elementary School (GreatSchools Rating 5/10), Corina Pena Elementary School (GreatSchools Rating 3/10), Lorenzo de Zavala Middle School (GreatSchools Rating 4/10), Cesar Chavez Middle School (GreatSchools Rating 6/10), Ann Richards Middle School (GreatSchools Rating 7/10), La Joya High School (GreatSchools Rating 3/10), Thelma Rosa Salinas STEM Early College High School (GreatSchools Rating 9/10), Jimmy Carter Early College High School (GreatSchools Rating 8/10).
The property 1502 Diamond Ave is 10,164 SqFt (source: MLS/tax record).
The year of construction for 1502 Diamond Ave is 2003.
This home is located at 1502 Diamond Ave in Penitas, TX and zip code 78576. This 10,164 square foot home, which was built in 2003, sits on a 1.00 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $699,000.