323 W Cherry Street

Turnkey Investment or Charming Future Residence Near Downtown Sherman Step into effortless ownership with this fully renovated 1920s charmer, located just blocks from Downtown Sherman’s vibrant square, local farmers market, dining, and easy freeway access. Blending historic character with modern updates, this spacious 3-bedroom, 3-bath home features a versatile upstairs suite with its own private bath—perfect as a guest retreat, primary suite, or dedicated home office. Investors will appreciate immediate, steady cash flow from day one with the property currently leased at $1,500 per month through January 9, 2027. Meanwhile, future owner-occupants can secure a beautifully updated character home today while earning guaranteed income until they are ready to move in. Whether you are expanding your rental portfolio with a hassle-free asset or locking in a prime residence near the heart of Sherman, this property offers an unmatched combination of historic warmth, modern functionality, and strong financial upside.

Courtesy of HomeRiver Group — listing agent Scott Yamamoto
Contact the listing firm: 214-903-4663 · mwalker@homeriver.com

Home facts

Overview

Price

$230,000

Price per sq ft

$126

Status

Active

Property type

Single Family Residence

Year built

1920

Condition

Resale

Style

Detached

Stories

2

Levels

Two

Days on market

3

Price last changed

Aug 4, 2026

Bedrooms & bathrooms

Bedrooms

3

Full bathrooms

3

Living area

1,832 sq ft

Interior

Features

Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, High Speed Internet, Loft, Multiple Master Suites, Open Floorplan, Cable Tv, Vaulted Ceilings, Walk In Closets

Appliances

Dishwasher, Electric Range

Flooring

Luxury Vinyl Plank

Heating

Electric

Cooling

Central Air, Ceiling Fans, Electric

Laundry

Washer Hookup, Dryer Hookup, Laundry In Utility Room

Security

Smoke Detectors

Exterior & lot

Lot size

0.142 acres · 6,185.52 sq ft

Lot

Interior Lot, Many Trees

Patio & porch

Covered

Fencing

Chain Link

Roof

Composition

Foundation

Pillar Post Pier

Parking

Parking

Driveway

HOA & taxes

HOA

No

Community features

Curbs

Annual property tax (per MLS)

$2,467

Utilities & efficiency

Utilities

Electricity Available, Sewer Available, Water Available, Cable Available

Water

Public

Sewer

Public Sewer

Take the virtual tour

Facts are from the listing on the NTREIS MLS, shown as provided. Verify anything important to you.

Assigned schools

• ElementaryWashingtonSherman ISDRatings on GreatSchools
• MiddleShermanSherman ISDRatings on GreatSchools
• HighShermanSherman ISDRatings on GreatSchools

School assignments come from the MLS and can change, so confirm them with the district. For school ratings and accountability reports, see GreatSchools.org and TXschools.gov (Texas Education Agency). Information provided for general reference; buyers should independently verify schools, districts, and community details.

Neighborhood & nearby

Loving J P 1st Add subdivision · Sherman, TX 75090 · Grayson County

Parks

• Ely Park 0.5 mi
• Harmony Park 0.5 mi
• Washington Park 0.6 mi
• Birge Park 0.8 mi

Dining

• Vitina's Deli & Boiler Room 0.1 mi
• La Piazza 0.2 mi
• 903 Brewers 0.2 mi
• The White Rabbit Coffee House 0.2 mi

Groceries & shopping

• Albertsons 1.4 mi

Golf

• Stone Creek Golf Club 1.4 mi

Fitness & recreation

• Hannah Natatorium 1.2 mi
• Sid Richardson Recreation Center 1.2 mi
• Dickey Fitness Pavilion 1.2 mi
• Arnold’s Martial Arts 1.2 mi

Library & movies

• Old Sherman Public Library 0.3 mi
• Sherman Public Library 0.5 mi
• Abell Library 1.3 mi

Straight-line distances. Places data © OpenStreetMap contributors. Information provided for general reference; buyers should independently verify schools, districts, and community details.