Duplex Residential
204 Boatman Street Cookeville, TN 38501
204 Boatman Street, Cookeville, TN, 38501
$164,000
For Sale
$164,000
DUPLEX - Cookeville, TN
Property Size615 SF
Price / SF$266.67
Days on Market47
Property Features for 204 Boatman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bathroom 1, Dining Room, Bedroom 1
- Parking
- 2
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch, Deck
- Interior features
- New Paint, Ceiling Fan(s), Walk-In Closet(s)
- Appliances
- Electric Water Heater, Dishwasher, Electric Oven, Electric Range
- Standard status
- Active
- APN
- 053O A 001.00
- Size
- 615 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, Tile, 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 12:06 pm
MLS# 238508
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 residential income property features a covered patio entry leading into an open-concept living room and kitchen with an eat-in bar. The kitchen includes quartz countertops and soft-close cabinets. Additional interior highlights include a dedicated laundry space, a back deck, a bedroom with an oversized closet, and a spacious bathroom with a tub/shower combination and upgraded fixtures throughout.
According to the provided remarks, exterior improvements include a new roof, HVAC, plumbing/electric, sewer, and underground gutters. The Villas at Park View community offers grounds maintenance, sidewalks, and a dog park, with quick access to destinations around town.
Photos are referenced as coming from other units with matching or similar materials.
According to the provided remarks, exterior improvements include a new roof, HVAC, plumbing/electric, sewer, and underground gutters. The Villas at Park View community offers grounds maintenance, sidewalks, and a dog park, with quick access to destinations around town.
Photos are referenced as coming from other units with matching or similar materials.
Key Highlights
- 1‑bedroom studio‑style condo with open‑concept living area, kitchen, dining room, and 1 full bath
- Covered patio plus deck; laundry space located off the kitchen area
- Kitchen features quartz countertops, soft‑close cabinets, and an eat‑in bar
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 | $10.0k | $16.20 |
| − Vacancy | −$747 | −$1.22 |
| EGI | $9.2k | $14.99 |
| − OpEx | −$2.8k | −$4.50 |
| NOI | $6.5k | $10.49 |
615 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$92.2K
$80.6K – $107.5K
NOI $6,451 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$86.5K
$75.7K – $100.9K
NOI $6,053 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$253.8K
$222.1K – $296.1K
NOI $17,767 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex unit with covered patio entry, open-concept living/kitchen, and recently updated roof, HVAC, plumbing, and electrical.
Where is this duplex located?
The property is located at 204 Boatman Street Cookeville, TN.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: 1‑bedroom studio‑style condo with open‑concept living area, kitchen, dining room, and 1 full bath; Covered patio plus deck; laundry space located off the kitchen area; Kitchen features quartz countertops, soft‑close cabinets, and an eat‑in bar
