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    Property profile & analytics

    1404 Queen St Palestine, TX 75803

    • Residential income homes
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-5731406
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1404 Queen St

    Property type
    Residential income homes

    Description

    This exceptional multifamily investment opportunity in Palestine, Texas, presents 14 fee-simple rental units currently boasting 100% occupancy. The portfolio comprises a diverse mix of properties, including a duplex at 703 & 705 Lamar St generating $1050 monthly rent, another duplex at 1218 W Lacy St also yielding $1050 monthly rent, a six-unit complex at 1404 N Queen St (a two-story fourplex and two additional apartments) producing $3800 in monthly rent, and a brick, two-story fourplex at 3470 FM 320 generating $3550 monthly rent. The properties are located in Anderson County, Texas, zip code 75803, and are situated on two stories. This portfolio offers a stable income stream with historically low vacancy rates, making it an attractive investment for discerning buyers. The asking price for this turnkey operation is $950,000. The properties are well-maintained and provide a strong return on investment. Serious inquiries are encouraged. Financial statements are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6356607
    Latitude
    31.7720237

    Comparable in this City

    • $170,000
      10.10 Acres

      Recreational Land with RV Pad

      10.1 acre recreational land with RV pad near Palestine, TX.
      An County Road 443, Palestine, TX 75803
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    • $699,000
      4.67 Acres

      Prime Palestine Commercial Land

      4.666 Acres, Hwy 155 Frontage
      1230 Fm 315, Palestine, TX 75803
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    • $330,000
      20.00 Acres

      20 Acres of Serene Land

      20-acre parcel ideal for a country retreat or agriculture.
      00 Acr 460, Palestine, TX 75803
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    • $285,000
      2,850 SF

      Commercial Investment Property For Sale

      Commercial property with laundromat and leased spaces in residential neighborhood.
      810 Pt West, Palestine, TX 75803
      View Details
    • Contact for pricing
      0.14 Acres

      Residential Lot in Palestine, TX

      Vacant residential lot inside city limits, approximately 0.1377 acres.
      201 Grant St, Palestine, TX 75803
      View Details
    • $219,963
      25.88 Acres

      Rural Land with Timber Exemption

      25.878 acres of land with mixed timber and wildlife.
      An County Road 443, Palestine, TX 75803
      View Details

    Similar Nearby for Sale

    • $170,000
      10.10 Acres

      Recreational Land with RV Pad

      10.1 acre recreational land with RV pad near Palestine, TX.
      An County Road 443, Palestine, TX 75803
      View Details
    • $699,000
      4.67 Acres

      Prime Palestine Commercial Land

      4.666 Acres, Hwy 155 Frontage
      1230 Fm 315, Palestine, TX 75803
      View Details
    • $699,000
      2,509 SF

      High-Traffic Commercial Land in Palestine, TX

      Prime location, high visibility, 4.67 acres.
      1230 Fm 315, Palestine, TX 75803
      View Details
    • $730,000
      73.51 Acres

      Undeveloped Land with Stocked Lake

      73.51 acres of land ideal for homesite, hunting, recreation.
      An County Road 441, Palestine, TX 75803
      View Details
    • $343,750
      55.25 Acres

      Wooded Acreage Near Palestine, TX

      Scenic wooded property with creek, ideal for homesite or agriculture.
      000 Acr 486, Palestine, TX 75803
      View Details
    • $119,950
      11.50 Acres

      Secluded 11.5-Acre Hunting and Homesite

      Private 11.5-acre retreat with abundant wildlife and utilities available.
      E Private Road 8344, Palestine, TX 75803
      View Details
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    1404 Queen St
    Palestine, TX 75803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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