144 Cherry Street
About This Property
Listed By
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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 |
|---|---|---|---|
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Listed by Keller Williams Great Smokies | $385,000 | |
| Listed by Keller Williams Great Smokies | |||
| Sep 2, 2026 | No longer available | - | |
| No longer available | |||
| Aug 21, 2026 | Price Decreased |
$385,000
↓ $65K
(14.4%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by Keller Williams Great Smokies | $450,000 | |
| Listed by Keller Williams Great Smokies | |||
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This mid-century home is ideally situated within the Sylva city limits and located on 1.8 acres zoned High Density Residential, offering exceptional flexibility for homeowners, investors, or future development. Comprised of four separate lots, this property presents a rare opportunity for potential expansion, additional homesites, or other residential development possibilities. The existing home offers comfortable one level living with 3 bedrooms, 2.5 bathrooms, a dedicated office, and a basement, making it ideal for those who need space or work from home. The property combines the feel of privacy and room to spread out with the convenience of in town living close to shopping, schools, and restaurants. A detached carport and workshop add functionality for hobbies, storage, or projects. Whether you’re looking for a move-in ready home with character, an income opportunity, or a property with valuable high density zoning and room to grow, this is a unique find within the Sylva city limits.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017