Duplex with Covered
154 Boatman Street Cookeville, TN 38501
For Sale
$199,429
DUPLEX - Cookeville, TN
Property Size775 SF
Price / SF$257.33
Days on Market59
Property Features for 154 Boatman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Dining Room, Bedroom 1
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
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Flooring type
New floor covering, Vinyl, Tile
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
Skender-Newton Realty
(931) 261-9001
Listed By:
Heather Skender-Newton · License #272220
(931) 261-9001
Added: Jun 1
Changed: Jul 25
Last Checked: Jul 29 at 10:06AM
MLS# 240846
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
- 1960‑built villa with frame and brick construction
- Open‑concept living room flows into the kitchen with new quartz countertops, tiled backsplash, soft‑close cabinets, and island area
- Two bedrooms with walk‑in/oversized closets and a spacious bathroom with a tiled shower
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: 1960‑built villa with frame and brick construction; Open‑concept living room flows into the kitchen with new quartz countertops, tiled backsplash, soft‑close cabinets, and island area; Two bedrooms with walk‑in/oversized closets and a spacious bathroom with a tiled shower
