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Remodeled Duplex with Rental Unit
For Sale
$144,900

401 W Carolina Street, Palestine, TX 75803

ResidentialIncome, Palestine, TX

Property SizeContact for details
Lot Size0.11 Acres
Days on Market54

Property Features for 401 W Carolina Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Interior features OpenFloorplan
Appliances Dryer, Dishwasher, ElectricRange, Refrigerator
Subdivision Green
Elementary school Story
Middle school Palestine
High school Palestine
Elementary school district Palestine ISD
Middle school district Palestine ISD
High school district Palestine ISD
Directions From E. Palestine Ave turn NORTH on Tennessee Ave. In two blocks property is on the corner on the LEFT.
Standard status Active
APN R30420
Lot size 0.11 Acres

Taxes and HOA fees

Tax Description GREEN BLOCK 54 LOT 16C & 17C
Tax Annual Amount 1928
Legal Description GREEN BLOCK 54 LOT 16C & 17C

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1951
Floors in Building 2
Number of units 2
Flooring type Laminate
Building materials MetalSiding
Roof type Metal
Listing Agency: HomeSmart
Listed By: Dave Redderson
Added: Jul 17 Changed: Sep 6 Last Checked: Sep 8 at 8:06AM
MLS# 21311980

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1951 duplex includes a renovated two-bedroom, one-bath primary unit and a converted garage residence with a three-quarter bath, kitchenette, laundry area, and upstairs loft. The main unit features formal living and dining rooms, an open kitchen with new cabinetry, butcher block countertops, a vented range hood, dishwasher, refrigerator, and laminate flooring. New windows, ceiling fans, bathroom fixtures, and a step-in shower further update the interior. Metal siding and a metal roof complete the exterior, while central air and electric heat serve the property.

The covered front porch is associated with Unit A, which also covers water and trash service for both units. Each unit has separate electrical service. Unit B is leased through September 30, 2026. The property occupies 0.111 acres and is connected to public sewer.

Key Highlights

  • Two‑unit property with a renovated 2‑bedroom, 1‑bath main unit
  • Garage conversion includes a 3/4 bath, kitchenette, laundry, and upstairs loft
  • Unit B is leased through September 30, 2026

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby

Demographics for 75803, TX

22,290
Population
7,046
Households
3.2
Avg Household Size
39
Median Age
11%
College-Educated
85%
High-School Grad
325.4 sq mi
ZIP Area
69
Density / Sq Mi
$59,947
Median Household Income
$39,431
Median Earnings
$1,106
Median Rent
$197,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated two-unit property with separate electrical service and a covered front porch.
Where is this duplex located?
The property is located at 401 W Carolina Street Palestine, TX.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Two‑unit property with a renovated 2‑bedroom, 1‑bath main unit; Garage conversion includes a 3/4 bath, kitchenette, laundry, and upstairs loft; Unit B is leased through September 30, 2026
More about this property
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