Duplex with One Leased
208-212 E Cherry Street Sherman, TX 75090
New
208-212 E Cherry Street, Sherman, TX, 75090
$419,999
For Sale
$419,999
MULTI_FAMILY - Sherman, TX
Property Size3,224 SF
Lot Size0.15 Acres
Price / SF$130.27
Days on Market5
Property Features for 208-212 E Cherry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 6, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 2
- Parking
- 2
- Parking features
- Garage, Driveway
- Interior features
- GraniteCounters, Pantry, WiredForData, WalkInClosets, WiredForSound
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
- Standard status
- Active
- APN
- 437802
- Size
- 3,224 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- MORAN ADDITION PHASE TWO, LOT 1, ACRES .154
- Tax Annual Amount
- 10370
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump, Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt, Shingle
Listing agency
Mark Spain Real Estate
(855) 299-7653
Listed by
Chuntami Garcia
(903) 570-2436
Added: Jul 18 Updated: Jul 20 at 3:27PM Checked: Jul 21 at 11:06PM
MLS# 21333389
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate units, with one side currently leased to a long-term tenant and the other unit available for owner occupancy or additional rental income. The property is reported to be in excellent condition and offers a straightforward residential income configuration. The total property size is 3,224 square feet.
Located at 208-212 E Cherry Street in Sherman, TX (Grayson County), the property is described as convenient to downtown Sherman and to shopping, dining, parks, schools, and major employers. The remarks also note quick connectivity to US-75.
With a two-unit layout and existing rental occupancy on one side, this duplex is set up for investors seeking immediate income potential alongside flexibility for the remaining unit.
Located at 208-212 E Cherry Street in Sherman, TX (Grayson County), the property is described as convenient to downtown Sherman and to shopping, dining, parks, schools, and major employers. The remarks also note quick connectivity to US-75.
With a two-unit layout and existing rental occupancy on one side, this duplex is set up for investors seeking immediate income potential alongside flexibility for the remaining unit.
Key Highlights
- Duplex built in 2022 with like‑new, low‑maintenance condition
- One unit is currently leased to a long‑term tenant for immediate income potential
- Interior features include granite counters, pantry, walk‑in closets, and wired for data and sound
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with one long-term tenant in place and the second unit available.
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 with like‑new, low‑maintenance condition; One unit is currently leased to a long‑term tenant for immediate income potential; Interior features include granite counters, pantry, walk‑in closets, and wired for data and sound
