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216 & 218 Cherry Street

Sherman, TX 75090

$399,000

2 units · 2018

Units2
Building area3,288 sq ft
Year built2018
Gross income$40,800/yr
Cap rate8.22% as listed
Parking6 spaces
Lot size0.162 acres
TypeDuplex

What it costs to own

Taxes$9,764 per year
HOANone listed
Operating expenses$6,000 per year — as listed
Insurance$2,000 per year — as listed
Net operating income$32,800 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

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.

The details

HeatingHeat Pump
CoolingCeiling Fan(s), Central Air, Electric
FlooringCeramic Tile, Luxury Vinyl Plank
AppliancesDishwasher, Electric Range, Microwave
Interior featuresOpen Floorplan, Pantry, Walk-In Closet(s)

Construction materialsBrick, Siding
RoofComposition
FoundationSlab

Water sourceCity Water
SewerCity Sewer

SubdivisionBLAGG SAMUEL

ElementaryWashington
Middle schoolPiner
High schoolSherman
DistrictSherman ISD

Gross income$40,800 per year
Operating expenses$6,000 per year
Insurance$2,000 per year
Cap rate8.22% — as listed
Net operating income$32,800 per year

MLS #21227278
Source
Price changeReduced by $13,500 · Sep 24, 2026
On the market175 days
CountyGrayson

Around this home

One moment…

Everyday life

Nearest groceryAlbertsons · 1.4 mi
Nearest parkHarmony Park · 0.4 mi

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Listing courtesy of eXp Realty LLC — Cory Meals.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21227278. Information last updated September 24, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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