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Two-Unit and Four-Unit Residential Property
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132 Shipley St, Cookeville, TN 38501

Mixed multifamily building includes one fourplex and one duplex with multiple 2-bedroom and 1-bedroom units.

Property Size4,472 SF
Days on Market125

Property Features for 132 Shipley St

General Information

Standard status Active
Size 4,472 SF
Property subtype Multifamily

Additional Details

Road Access Yes
Multifamily Units 6
Listing Agency: Crye Leike Cookeville
Listed By: Brent Hart · License #TN 319443
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 6:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye Leike Cookeville

Investment Insights

Based on property information with market context.

This residential income property includes one fourplex and one duplex. The fourplex offers four 2-bedroom, 1-bath units, and the duplex includes two 1-bedroom, 1-bath units. Four of the units have washer/dryer hookups, and the property has several new upgrades.

The asset has road frontage on Shipley St and Proffit St, and it sits just off South Jefferson Ave, described as one of Cookeville’s main thoroughfares. The public remarks also note the property is within walking distance to restaurants, shopping, and banking.

For additional specifics such as the current rent roll and financials, please contact the listing agent.

Key Highlights

  • Mixed multifamily with one fourplex (approx. 3,016 SF) and one duplex (approx. 1,456 SF)
  • Unit mix: four 2BR/1BA units and two 1BR/1BA units
  • Four units have washer/dryer hookups

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Pet Grooming Service Butcher Locksmith (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,519
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed multifamily building includes one fourplex and one duplex with multiple 2-bedroom and 1-bedroom units.
Where is this apartment building located?
The property is located at 132 Shipley St Cookeville, TN.
What are key features of this property?
This property features: Mixed multifamily with one fourplex (approx. 3,016 SF) and one duplex (approx. 1,456 SF); Unit mix: four 2BR/1BA units and two 1BR/1BA units; Four units have washer/dryer hookups
More about this property
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