Multifamily Property with
For Sale
$375,000
121 Locust Grove Rd, Cookeville, TN 38501
Commercial Sale, Cookeville, TN
Property SizeContact for details
Lot Size0.40 Acres
Days on Market96
Property Features for 121 Locust Grove Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Paved or Surfaced
Directions
Starting in Cookeville Head toward S Jefferson Ave on E Spring St (US-70N). Go for 4.2 mi. Turn left onto Locust Grove Rd. Go for 351 ft. End at 121 Locust Grove Rd Cookeville, Tennessee 38501-6651
Subdivision
Cookeville NW, TN
Standard status
Active
APN
039 212.01
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
218
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1966
Floors in Building
2
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
Crye-Leike Brown Realty Elite
(931) 837-7653
Listed By:
Cristy Herman · License #351609
(931) 254-3070
Added: Jun 16
Changed: Sep 5
Last Checked: Sep 19 at 5:06AM
MLS# 244170
Copyright © 2026 Upper Cumberland Association of Realtors. 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.
This multifamily property combines a large rustic barn with existing rental spaces and separate cottages. The barn contains multiple areas currently used as rental units, although renovation is needed. The property also includes 2 RV hookups and is being offered in its present condition. Frame construction, wood siding, a metal roof, electric heat, paved or surfaced parking, and public water are reported. Built in 1966, the property occupies 0.403 acres and carries Commercial zoning.
Located at 121 Locust Grove Rd in Cookeville, Tennessee, the compound offers a residential configuration with several distinct structures and existing utility features. The layout may support continued rental use, owner occupancy, or renovation of the existing spaces, subject to applicable requirements. The property is offered as-is.
Located at 121 Locust Grove Rd in Cookeville, Tennessee, the compound offers a residential configuration with several distinct structures and existing utility features. The layout may support continued rental use, owner occupancy, or renovation of the existing spaces, subject to applicable requirements. The property is offered as-is.
Key Highlights
- Large barn with multiple rental spaces requiring renovation
- Separate rental cottages included
- 2 RV hook ups
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Commercially zoned property with rental spaces, cottages, RV hookups, and renovation needs.
Where is this multifamily property located?
The property is located at 121 Locust Grove Rd Cookeville, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Large barn with multiple rental spaces requiring renovation; Separate rental cottages included; 2 RV hook ups
