Duplex with Covered
154 Boatman Street Cookeville, TN 38501
154 Boatman Street, Cookeville, TN, 38501
$199,429
For Sale
$199,429
DUPLEX - Cookeville, TN
Property Size775 SF
Price / SF$257.33
Days on Market47
Property Features for 154 Boatman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Dining Room
- Parking
- 2
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch
- Interior features
- New Paint, Ceiling Fan(s), Walk-In Closet(s)
- Appliances
- Electric Water Heater, Dishwasher, Electric Oven, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 053O A 001.00
- Size
- 775 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Tile, New floor covering, Vinyl
- Building materials
- Frame, Brick
- Roof type
- Composition
Listing Agency
Skender-Newton Realty
(931) 261-9001
769 Dacco Drive, Cookeville, TN
Listed by
Heather Skender-Newton · License #272220
(931) 261-9001
Added: Jun 1 Checked: Jul 17 at 7:06 am
MLS# 240846
Listing URL
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 duplex offers a covered patio entry and an open-concept living room flowing into the kitchen. The kitchen includes new quartz countertops, a tiled backsplash, soft-close cabinets, under-cabinet lights, and an island area, with access to a laundry space and a back deck. Both bedrooms are located down the hallway and provide walk-in or oversized closets, while the bathrooms feature tiled showers and updated fixtures.
The exterior is described as newly updated with a new roof, HVAC, plumbing/electrical, sewer, and underground gutters. The community is presented with grounds maintenance, sidewalks, and a dog park.
The layout in this unit provides two bedrooms and a large bathroom, with tiled finishes and updated kitchen and bath features throughout.
The exterior is described as newly updated with a new roof, HVAC, plumbing/electrical, sewer, and underground gutters. The community is presented with grounds maintenance, sidewalks, and a dog park.
The layout in this unit provides two bedrooms and a large bathroom, with tiled finishes and updated kitchen and bath features throughout.
Key Highlights
- 2‑bedroom floor plan with large bathroom at The Villas at Park View, built in 1960
- Covered patio leads to an open‑concept living room and kitchen layout with island area
- Kitchen updates include new quartz countertops, tiled backsplash, soft‑close cabinets, and under‑cabinet lights
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.6k | $16.20 |
| − Vacancy | −$942 | −$1.22 |
| EGI | $11.6k | $14.99 |
| − OpEx | −$3.5k | −$4.50 |
| NOI | $8.1k | $10.49 |
775 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$116.1K
$101.6K – $135.5K
NOI $8,129 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$109.0K
$95.3K – $127.1K
NOI $7,627 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$319.9K
$279.9K – $373.2K
NOI $22,390 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex home featuring a covered patio, open living area with kitchen island, and updated interior finishes.
Where is this duplex located?
The property is located at 154 Boatman Street Cookeville, TN.
What is the asking price?
The asking price for this property is $199,429.
What are key features of this property?
This property features: 2‑bedroom floor plan with large bathroom at The Villas at Park View, built in 1960; Covered patio leads to an open‑concept living room and kitchen layout with island area; Kitchen updates include new quartz countertops, tiled backsplash, soft‑close cabinets, and under‑cabinet lights
