Cookeville Duplex with Modern
227 Boatman Street Cookeville, TN 38501
For Sale
$224,929
DUPLEX - Cookeville, TN
Property Size988 SF
Price / SF$227.66
Days on Market62
Property Features for 227 Boatman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Dining Room, Bathroom 2
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
New floor covering, Vinyl, Tile
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
Skender-Newton Realty
(931) 261-9001
Listed By:
Heather Skender-Newton · License #272220
(931) 261-9001
Added: May 29
Changed: Jul 25
Last Checked: Jul 29 at 10:06AM
MLS# 244716
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
- 2‑bedroom, 2‑bath layout with covered patio entry into an open‑concept living room and kitchen
- Kitchen features new quartz countertops, tiled backsplash, soft‑close cabinets, and island area
- Walk‑in or oversized closets, new paint, and new floor covering with vinyl and tile flooring
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: 2‑bedroom, 2‑bath layout with covered patio entry into an open‑concept living room and kitchen; Kitchen features new quartz countertops, tiled backsplash, soft‑close cabinets, and island area; Walk‑in or oversized closets, new paint, and new floor covering with vinyl and tile flooring
