Duplex with Covered
225 Boatman Street Cookeville, TN 38501
225 Boatman Street, Cookeville, TN, 38501
$224,929
For Sale
$224,929
DUPLEX - Cookeville, TN
Property Size988 SF
Price / SF$227.66
Days on Market50
Property Features for 225 Boatman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Dining Room
- 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, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 053O A 001.00
- Size
- 988 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: May 29 Checked: Jul 17 at 12:06 pm
MLS# 244715
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.
Duplex unit in The Villas at Park View is scheduled for completion by the end of June or sooner. The floor plan features 2 spacious bedrooms and 2 spacious bathrooms. From a covered patio, enter into an open-concept living room and kitchen with new quartz countertops, a tiled backsplash, soft-close cabinets, and an island area. The layout includes access to the laundry area and a back deck. Bedrooms are located off the hallway and include walk-in or oversized closets, with updated fixtures throughout. The bathrooms will be finished with LVP flooring.
Exterior improvements include a new roof, new HVAC, plumbing/electric updates, sewer work, and underground gutters. The community includes grounds maintenance, a dog park, and sidewalks, with quick access around town.
The property is offered with information provided in the documents, and a 13-month home warranty is included.
Exterior improvements include a new roof, new HVAC, plumbing/electric updates, sewer work, and underground gutters. The community includes grounds maintenance, a dog park, and sidewalks, with quick access around town.
The property is offered with information provided in the documents, and a 13-month home warranty is included.
Key Highlights
- 2‑bedroom, 2‑bath unit with open living room and kitchen, plus access to a laundry area and back deck
- New quartz countertops, tiled backsplash, soft‑close cabinets, and island area in the kitchen
- Interior updates include new paint, ceiling fans, and walk‑in/oversized closets
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 | $16.0k | $16.20 |
| − Vacancy | −$1.2k | −$1.22 |
| EGI | $14.8k | $14.99 |
| − OpEx | −$4.4k | −$4.50 |
| NOI | $10.4k | $10.49 |
988 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.1K
$129.6K – $172.7K
NOI $10,364 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$138.9K
$121.6K – $162.1K
NOI $9,724 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$407.8K
$356.8K – $475.7K
NOI $28,544 @ 7.0% cap · market cap 12.69%
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 - Duplex unit offers 2 bedrooms, 2 bathrooms, an open kitchen with new quartz countertops, and covered outdoor living.
Where is this duplex located?
The property is located at 225 Boatman Street Cookeville, TN.
What is the asking price?
The asking price for this property is $224,929.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath unit with open living room and kitchen, plus access to a laundry area and back deck; New quartz countertops, tiled backsplash, soft‑close cabinets, and island area in the kitchen; Interior updates include new paint, ceiling fans, and walk‑in/oversized closets
