216 & 218 E Cherry St Sherman, TX 75090
Estimated payment $3,046/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | Price Changed | $412,500 | -2.9% | $125 / Sq Ft |
| 04/02/2026 04/02/26 | For Sale | $425,000 | -- | $129 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21227278
APN: 163271
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Ask me questions while you tour the home.