216 & 218 E Cherry Street Sherman, TX 75090
MULTI_FAMILY - Sherman, TX
Property Features for 216 & 218 E Cherry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2
- Parking
- 6
- Parking features
- Off Street, Open
- Interior features
- OpenFloorplan, Pantry, WalkInClosets
- Appliances
- Dishwasher, ElectricRange, Microwave
- Standard status
- Active
- APN
- 163271
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- G-0056 BLAGG SAMUEL A-G0056, ACRES .1616, 65X
- Tax Annual Amount
- 9764
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Cory Meals License #0636222 (888) 519-7431
Listing office eXp Realty LLC Austin, TX (888) 519-7431
Listing date Jun 29, 2026
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.
The property is located just minutes from the growing downtown Sherman area, placing it within reach of local amenities, dining, and ongoing development. This positioning can support steady demand from tenants looking for convenient access to where the area is expanding.
This duplex is well-suited to investors seeking a performing residential income asset, as well as owner-occupants who want the flexibility to live in one unit while leasing the other. The combination of functional interior layouts and private outdoor space per unit can help support long-term tenancy and rental stability.
Key Highlights
- Full duplex at 216 & 218 Cherry St with two two‑story units, each 1,644 SF
- Each unit features 3 bedrooms and 2 full bathrooms with an open floorplan
- Appliances include dishwasher, electric range, and microwave in each unit
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 | $40.6k | $12.36 |
| − Vacancy | −$4.6k | −$1.41 |
| EGI | $36.0k | $10.95 |
| − OpEx | −$10.8k | −$3.29 |
| NOI | $25.2k | $7.67 |
