Cookeville Duplex with Modern
227 Boatman Street Cookeville, TN 38501
227 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 227 Boatman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Dining Room, Bedroom 1
- Parking
- 2
- Window features
- Double Pane Windows
- Patio and Porch features
- Deck, 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
- 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
- Vinyl, New floor covering, Tile
- 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 8:06 am
MLS# 244716
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, located in Cookeville, TN, is scheduled for completion by the end of June. Part of The Villas at Park View, it offers quality and affordability. The unit features 2 bedrooms and 2 bathrooms. The open-concept living room and kitchen include new quartz countertops, a tiled backsplash, soft-close cabinets, and an island area. There is also access to the laundry area and back deck. The bedrooms have walk-in or oversized closets, and the bathrooms feature LVP flooring. The property includes a new roof, HVAC, plumbing, electric, sewer, and underground gutters. Grounds maintenance, a dog park, and sidewalks are available, with quick access to various locations in town. The property is suitable for a personal home or investment. A 13-month home warranty is included. The property size is 988 square feet.
Key Highlights
- Completed by end of June or sooner; Villas at Park View offers four floor plans
- 2‑bedroom, 2‑bath layout with open‑concept living room and kitchen
- Kitchen updates include new quartz countertops, tiled backsplash, soft‑close cabinets, and island area
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
Duplexes
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FAQs
What type of property is this?
Duplex - New duplex in Cookeville with quality features and convenient location.
Where is this duplex located?
The property is located at 227 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: Completed by end of June or sooner; Villas at Park View offers four floor plans; 2‑bedroom, 2‑bath layout with open‑concept living room and kitchen; Kitchen updates include new quartz countertops, tiled backsplash, soft‑close cabinets, and island area
