34
Map
228 Cherry Street
About This Property
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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 |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by Prime Mountain Properties | $350,000 | |
| Listed by Prime Mountain Properties | |||
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Tucked away at the end of a quiet street in the heart of Sevierville's Historic Residential/Office (HRO) district, this inviting 3-bedroom, 2-bath home blends comfort, flexibility, and timeless charm with convenience. Walking distance to local parks, the community center, schools, courthouse, library, and more. This home truly captures the perfect mix of small-town charm and everyday convenience. Built in 2000—newer than most homes in the area—it showcases vaulted ceilings, hardwood floors, and an open layout that feels bright and welcoming from the moment you step inside. A BRAND-NEW roof installed in May of 2024, adds peace of mind for years to come. Inside, you'll find gleaming hardwood floors, vaulted ceilings, and a spacious living area centered around a cozy fireplace. With an open-concept design flowing effortlessly into a screened-in deck overlooking a flat, usable backyard. The kitchen is thoughtfully designed to be open and functional without feeling oversized, ideal for everyday living. The primary suite features a large bedroom, walk-in closets, and en-suite bath with double sinks and a generous shower area for both comfort and practicality. Two additional bedrooms offer brand-new carpet, while fresh paint throughout gives the home a crisp, move-in-ready feel.At the end of a family-friendly street, this property offers exceptional parking that including a two-car garage, circular turnaround driveway, and additional parking area with ample space in front of the garage, an uncommon advantage for downtown Sevierville homes. With its unique Historic Residential/Office zoning, this property provides remarkable flexibility and long-term potential. Whether used as a primary residence, rental or professional office this property combines immediate comfort with strong investment appeal.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017