Studio-Style Duplex
206 Boatman Street Cookeville, TN 38501
206 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 206 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# 238505
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 for-sale duplex condo is presented in an in-demand studio style layout. The unit includes an open-concept living area flowing into a kitchen with quartz countertops, soft-close cabinets, and an eat-in bar, along with access to a laundry space and a back deck. A covered patio entry leads into the home, and the interior configuration includes a bedroom with an oversized closet and a spacious bathroom featuring a tub/shower combination and upgraded fixtures.
The exterior has been updated with a new roof, HVAC, plumbing/electrical, sewer, and underground gutters. Community-style grounds maintenance and on-site amenities such as sidewalks and a dog park are also noted in the remarks.
The listing also states that these properties qualify for any loan type.
The exterior has been updated with a new roof, HVAC, plumbing/electrical, sewer, and underground gutters. Community-style grounds maintenance and on-site amenities such as sidewalks and a dog park are also noted in the remarks.
The listing also states that these properties qualify for any loan type.
Key Highlights
- Studio‑style condo plan with 1 bedroom and a large bathroom, with covered patio entry
- Updated interior features include new paint, walk‑in closets, ceiling fan(s), and new floor covering (tile and vinyl)
- Kitchen includes electric oven and electric range, plus dishwasher; open‑concept living room and 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
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FAQs
What type of property is this?
Duplex - Studio-style duplex condo with quartz kitchen finishes, covered patio entry, and in-unit laundry area plus back deck access.
Where is this duplex located?
The property is located at 206 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: Studio‑style condo plan with 1 bedroom and a large bathroom, with covered patio entry; Updated interior features include new paint, walk‑in closets, ceiling fan(s), and new floor covering (tile and vinyl); Kitchen includes electric oven and electric range, plus dishwasher; open‑concept living room and eat‑in bar
