1333 Cherry St
About This Property
Tucked away in the heart of Rutledge, this truly special property offers over 10 acres of East Tennessee beauty, character, and possibility.
Spanning both sides of Cherry Street, the land tells a story the moment you arrive. On one side sits a charming 1920 farmhouse, full of timeless character and ready for someone to restore, reimagine, or simply enjoy as a peaceful homestead. The setting feels straight out of a postcard quiet, scenic, and rich with history.
Across the road, the property continues with even more to love. An old tobacco barn stands as a nod to the land's agricultural roots, offering both visual charm and functional potential. Just beyond it, a gorgeous creek winds along the back portion of the property, creating a serene natural backdrop that makes this land feel incredibly private and picturesque.
And one of the most unique features...the well water is so pure that, in the past, people have actually offered to purchase the rights to it. It's a rare testament to the quality of the land and the natural resources it holds.
Whether you're dreaming of a family compound, mini-farm, restoration project, or simply a slice of Tennessee countryside to call your own, this property is nothing short of perfect. Opportunities like this, with acreage, water, historic structures, and road frontage on both sides, are few and far between.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Price Decreased |
$299,900
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by Keller Williams | $325,000 | |
| Listed by Keller Williams | |||
| Sep 26, 2020 | No longer available | - | |
| No longer available | |||
| Jul 22, 2020 | Listed | $59,000 | |
| Listed | |||
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This really is grand maw's house. This is a project for those who like to restore or remodel older homes. There are 8 rooms and 4 of these were used as bedrooms. has kitchen, dining room, living room and an extra room for an office or breakfast area. One bath on septic system that always worked but county has no records that we can find. Owner selling as is with no paid repairs. Looks like cash only on this house unless you have access to private funds. Part of original family farm and will survey off a half acre lot and take it thru the planning commission for approval. There is more land available if you need. Owner will look at all written offers. Has a great private well. The manager has listed the unit size as 2200 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017