Well-Maintained Duplex
208-212 E Cherry Street Sherman, TX 75090
New
For Sale
$419,999
Well-maintained duplex with one side leased and the other unit available for occupancy or rental income.
Property Size3,224 SF
Price / SF$130.27
Days on Market4
Property Features for 208-212 E Cherry Street
General Information
Standard status
Active
Size
3,224 SF
Property subtype
Duplex
Building Details
Year Built
2022
Listing Agency:
Mark Spain Real Estate
(855) 299-7653
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Spain Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex is offered for sale as a residential income property with two units on one site. One side is currently leased to a long-term tenant, providing immediate rental income, while the other unit is available for owner occupancy or additional rental income. The property is described as being in like-new condition.
The property is located in Sherman near downtown, with access to shopping, dining, parks, schools, and major employers. Quick connectivity to US-75 is noted in the remarks.
The offering consists of 208-212 E Cherry Street, a duplex configuration designed for duplex-style income through a leased unit and a second unit with flexibility for occupancy or leasing.
The property is located in Sherman near downtown, with access to shopping, dining, parks, schools, and major employers. Quick connectivity to US-75 is noted in the remarks.
The offering consists of 208-212 E Cherry Street, a duplex configuration designed for duplex-style income through a leased unit and a second unit with flexibility for occupancy or leasing.
Key Highlights
- Duplex built in 2022
- One side is currently leased to a long‑term tenant
- Other unit available for owner occupancy or additional rental income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $12.36 |
| − Vacancy | −$4.5k | −$1.41 |
| EGI | $35.3k | $10.95 |
| − OpEx | −$10.6k | −$3.29 |
| NOI | $24.7k | $7.67 |
3,224 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$313.0K
$273.9K – $365.1K
NOI $21,908 @ 7.0% cap · market cap 5.22%
Theoretical Best
Hotel Hospitality
$1.65M
$1.45M – $1.93M
NOI $115,774 @ 7.0% cap · market cap 27.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with one side leased and the other unit available for occupancy or rental income.
Where is this duplex located?
The property is located at 208-212 E Cherry Street Sherman, TX.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: Duplex built in 2022; One side is currently leased to a long‑term tenant; Other unit available for owner occupancy or additional rental income
