Active

$295,000

720 W Palestine Ave, Palestine, TX 75801

2beds

1,084sqft

$2,247/mo

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Residential, Duplex

Built in 1920

-- sqft lot

$102,500 Zestimate^®

$272/sqft

$-- HOA

What's special

Updated bathroomHardwood floorsCoffered ceilingsLarge asphalt parking areaMetal roof

Residential/Commercial investment opportunity on a highly visible, street in Palestine! This versatile property offers excellent potential for residential, commercial, or investment use. The main home is filled with character and features hardwood floors, built-ins, coffered ceilings, a fireplace, updated bathroom, metal roof, and a unique upper-level sunroom-style space surrounded by windows. Electrical and plumbing have also been updated. A large asphalt parking area provides ample parking and added flexibility for an office, professional services, retail, studio, or other commercial use, subject to applicable zoning and city requirements. At the rear of the property is a detached duplex with two separate 1-bedroom, 1-bath units, creating additional rental income potential or flexible space for offices, guests, or extended use. Seller may consider owner financing with 20% down, 10% interest, and a term of up to 30 years, subject to seller approval and acceptable terms.

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Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Living Room, Kitchen/Dining Combo

Heating

Electric, Central

Cooling

Electric

Appliances

Included: See Remarks

Features

Ceiling Fan(s)
Flooring: Hardwood
Number of fireplaces: 1
Fireplace features: One

Interior area

Total structure area: 1,084
Total interior livable area: 1,084 sqft

Property

Parking

Parking features: Asphalt
Has uncovered spaces: Yes

Features

Patio & porch: Patio, Porch
Exterior features: No Special Features
Fencing: None

Lot

Size: 10,667 Square Feet
Topography: Level

Details

Parcel number: 30214

Construction

Type & style

Home type: MultiFamily
Property subtype: Residential, Duplex
Attached to another structure: Yes

Materials

Frame, Stucco
Roof: Metal

Condition

Year built: 1920

Utilities & green energy

Electric: Txu
Gas: Atmos
Sewer: Public Sewer
Water: Public, City

Community & HOA

Community

Subdivision: Green

Location

Region: Palestine

Financial & listing details

Price per square foot: $272/sqft
Tax assessed value: $106,994
Annual tax amount: $2,344
Date on market: 9/28/2026
Listing terms: Cash,3rd Party Only,FHA,VA Loan

Estimated market value

$102,500

$77,000 - $130,000

$1,263/mo

Price history

Date	Event	Price
9/28/2026	Listed for sale	$295,000+136%$272/sqft
Source: Palestine AOR #103802 Report a problem
1/16/2026	Listing removed	$125,000$115/sqft
Source: Palestine AOR #101776 Report a problem
12/28/2025	Pending sale	$125,000$115/sqft
Source: Palestine AOR #101776 Report a problem
11/20/2025	Listed for sale	$125,000$115/sqft
Source: Palestine AOR #101776 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,344 -0.9%	$106,994
2024	$2,366 -0.1%	$106,994
2023	$2,369 -6.8%	$106,994 +8.1%
2022	$2,542 -4.6%	$98,993
2021	$2,664	$98,993
2020	--	$98,993 +16.9%
2018	$2,397	$84,652 +2.7%
2017	--	$82,427
2016	--	$82,427
2015	--	$82,427
2014	--	$82,427
2013	--	$82,427
2012	--	$82,427
2011	--	$82,427
2010	--	$82,427 -2%
2009	--	$84,071 +0%
2007	--	$84,070