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Property profile & analytics
OFF-MARKET
Residential income homes

1404 Queen St Palestine, TX 75803

Property ID
US82-5731406
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
UPID US82-5731406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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