Brick Duplex with Separate Living
For Sale
$595,000
826 Boatman Rd, Cookeville, TN 38506
Residential Income, Cookeville, TN
Property Size2,890 SF
Price / SF$205.88
Days on Market89
Property Features for 826 Boatman Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Open
Window features
Double Pane Windows
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Fireplace
1
Basement
Sump Pump
Appliances
Electric Water Heater, Dishwasher, Refrigerator, Electric Range, Microwave, Washer, Dryer
Directions
FROM PCCH: East on Broad; Left on N Washington; Right on Paran Rd; Left on Boatman Rd.
Subdivision
Overton Co SW, TN
Standard status
Active
APN
104 025.02
Size
2,890 SF
Taxes and HOA fees
Tax Annual Amount
1692
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
custom wood cabinetry
two full kitchens
sunroom
laundry area
partial basement/storm shelter
lawn
views
Building Details
Year built
2004
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
RE/MAX ONE, LLC
(931) 520-7777
Listed By:
Connie McCormick · License #296772
(931) 260-0440
Added: Jul 11
Changed: Oct 6
Last Checked: Oct 7 at 12:06PM
MLS# 244532
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 2,890-square-foot brick duplex, built in 2004, contains two distinct living quarters on one level. One residence has three bedrooms and two baths; the other has two bedrooms and one and a half baths. Each has a full kitchen and living area, with a sunroom and laundry space shared between them. Hardwood and tile flooring, a porch, patio, and two-car garage are among the property’s features. A partial basement includes a storm shelter.
The home is served by public water and a septic system. Central air and a heat pump provide cooling and heating, respectively.
The home is served by public water and a septic system. Central air and a heat pump provide cooling and heating, respectively.
Key Highlights
- 2,890‑square‑foot brick duplex built in 2004
- Two separate living quarters, each with a full kitchen and living area
- Three‑bedroom, two‑bath residence paired with a two‑bedroom, one‑and‑a‑half‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,315
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,300
$606.3K
Cap Rate 7%
$433,071
$433.1K
Cap Rate 9%
$336,833
$336.8K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$46.8K $16.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$43.3K $14.99/SF
− OpEx
−$13.0K −$4.50/SF
NOI
$30.3K $10.49/SF
Area
Putnam County, TN
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,300
Cap Rate 7%
$433,071
Cap Rate 9%
$336,833
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.1K
NOI $28,443 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,493 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 38506, TN
29,976
Population
13,018
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
90%
High-School Grad
164.3 sq mi
ZIP Area
182
Density / Sq Mi
$63,051
Median Household Income
$37,589
Median Earnings
$1,032
Median Rent
$256,100
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?
Duplex - Two self-contained residences share a sunroom, laundry area, and two-car garage.
Where is this duplex located?
The property is located at 826 Boatman Rd Cookeville, TN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,890‑square‑foot brick duplex built in 2004; Two separate living quarters, each with a full kitchen and living area; Three‑bedroom, two‑bath residence paired with a two‑bedroom, one‑and‑a‑half‑bath residence
