$425,000

216 & 218 E Cherry St Sherman, TX 75090

Estimated payment $3,103/month

Total Views 131
6 Beds
4 Baths
3,288 Sq Ft
$129 Price per Sq Ft

Highlights

  • Open Floorplan
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Walk-In Closet
  • Central Air
  • Heat Pump System

About This Home

Located just minutes from the growing downtown Sherman area, 216 & 218 Cherry St offers a solid investment opportunity with strong rental potential. This full duplex features two spacious two-story units, each offering 1,644 square feet, 3 bedrooms, and 2 full bathrooms—an ideal layout for long-term tenants. Each side is designed with functionality in mind, featuring open living areas, well-equipped kitchens with stainless steel appliances, and comfortable bedroom arrangements. The two-story layout provides a separation of space that tenants appreciate, while still maintaining an efficient and livable floorplan. Outside, each unit includes its own fenced backyard, giving tenants a private outdoor space for pets, entertaining, or everyday use—an added feature that can help drive tenant retention and rental value. Whether you're looking to add a performing asset to your portfolio or live in one unit while leasing the other, this property offers flexibility and upside in a market that continues to see steady growth. With its proximity to downtown amenities, dining, and local development, 216 & 218 Cherry St is well-positioned for both immediate income and long-term appreciation.

Listing Agent

Cory Meals

eXp Realty LLC License #0636222 Listed on: 04/02/2026

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,764

Year Built

  • Built in 2018

Lot Details

  • 7,057 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Parking

  • Open Parking
  • Off-Street Parking

Schools

  • Washington Elementary School
  • Piner Middle School
  • Sherman High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 163271

Community Details

Overview

  • 2 Units
  • 3,288 Sq Ft Building
  • Blagg Samuel Subdivision

Building Details

  • Gross Income $40,800
  • Net Operating Income $32,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,764

Year Built

Built in 2018

Lot Details

7,057 Sq Ft Lot

Listing Details

  • OWNERNAME: Luis Moran and Graciela Moran
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • CapRate: 7.72
  • Co List Office Mls Id: EXP00TO
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48181:163271
  • Special Features: VirtualTour
  • Year Built: 2018

Interior Features

  • Interior Amenities: Open Floorplan, Pantry, Walk-In Closet(s)
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Microwave

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Open, Off Street
  • OpenParkingYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Heat Pump
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Washington
  • High School: Sherman
  • Junior High Dist: Sherman ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.162
  • Parcel Number: 163271
  • Lot Size Acres: 0.162
  • Lot Size Sq Ft: 7056.72

Building Info

  • Year Built: 2018
  • Units Total: 2

Multi Family

  • Insurance Expense: 2000.0
  • Annual Gross Income: 40800.0
  • Property Net Operating Income: 32800.0

Tax Info

  • Tax Lot: 89
  • Tax Annual Amount: 9764.0

MLS Schools

  • MiddleOrJuniorSchool: Piner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2026 04/02/26 For Sale $425,000 -- $129 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21227278

North Texas Real Estate Information Systems (NTREIS)

APN: 163271

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