Residential Income
For Sale
$329,000
155 E Jere Whitson Rd, Cookeville, TN 38501
Located within Cookeville city limits near Tennessee Tech, schools, shopping, and restaurants.
Property Size2,046 SF
Price / SF$160.80
Days on Market44
Property Features for 155 E Jere Whitson Rd
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Residential Income
Listing Agency:
The Realty Firm
(931) 267-6827
Listed By:
Mitch W. Copeland · License #335971
(931) 267-6827
Source:
Exprealty
Added: Jun 19
Changed: Jul 31
Last Checked: Jul 31 at 2:44PM
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 The Realty Firm
Investment Insights
Based on property information with market context.
This residential income property is located within the city limits of Cookeville and has a stated property size of 2,046. The property is within walking distance of Tennessee Tech and offers access to Cookeville High School and Jere Whitson Elementary School.
Shopping and restaurants are also nearby, providing convenient access to everyday services and dining. The property’s location combines proximity to an area university, local schools, and commercial amenities.
Shopping and restaurants are also nearby, providing convenient access to everyday services and dining. The property’s location combines proximity to an area university, local schools, and commercial amenities.
Key Highlights
- Stated property size of 2,046
- Within Cookeville city limits
- Walking distance to Tennessee Tech
Financial Insights For Apartment 5plus
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 | $39.3k | $19.20 |
| − Vacancy | −$2.7k | −$1.31 |
| EGI | $36.6k | $17.89 |
| − OpEx | −$16.5k | −$8.05 |
| NOI | $20.1k | $9.84 |
2,046 SF · lease $19.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.4K
$738.9K – $985.2K
NOI $59,109 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
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
Market
Properties on Market for Residential income properties in Cookeville
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Located within Cookeville city limits near Tennessee Tech, schools, shopping, and restaurants.
Where is this residential income property located?
The property is located at 155 E Jere Whitson Rd Cookeville, TN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Stated property size of 2,046; Within Cookeville city limits; Walking distance to Tennessee Tech
