1404 Queen St Palestine, TX 75803
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.