Brick Duplex with Dual
For Sale
$585,000
826 Boatman Rd, Cookeville, TN 38506
Residential Income, Cookeville, TN
Property Size2,890 SF
Price / SF$202.42
Days on Market110
Property Features for 826 Boatman Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Open
Window features
Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Fireplace
1
Basement
Sump Pump
Appliances
Electric Water Heater, Dishwasher, Refrigerator, Electric Range, Microwave, Washer, Dryer
Directions
FROM PCCH: East on Broad; Left on N Washington; Right on Paran Rd; Left on Boatman Rd.
Subdivision
Overton Co SW, TN
Standard status
Active
APN
104 025.02
Size
2,890 SF
Taxes and HOA fees
Tax Annual Amount
1692
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
custom wood cabinetry
two full kitchens
two living areas
sunroom
laundry area
partial basement/storm shelter
gorgeous lawn
beautiful views
outstanding curb appeal
Building Details
Year built
2004
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Frame, Brick
Roof type
Composition
Buildings
1
Listing Agency:
RE/MAX ONE, LLC
(931) 520-7777
Listed By:
Connie McCormick
(931) 260-0440
Added: Jul 11
Changed: Oct 26
Last Checked: Oct 28 at 8:06AM
MLS# 244532
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.
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Investment Insights
Based on property information with market context.
This 2,890-square-foot brick duplex was built in 2004 and contains two distinct living quarters on one level. One side has three bedrooms and two bathrooms; the other has two bedrooms and one and a half bathrooms. Each quarter has a kitchen and living area, with a sunroom and laundry area serving as shared spaces. Hardwood and tile flooring, a two-car garage, and a partial basement with a storm shelter are also included.
The property is at 826 Boatman Rd in Cookeville, Tennessee. It has public water and a septic system. Appliances include a refrigerator, electric range, microwave, dishwasher, washer, and dryer.
The property is at 826 Boatman Rd in Cookeville, Tennessee. It has public water and a septic system. Appliances include a refrigerator, electric range, microwave, dishwasher, washer, and dryer.
Key Highlights
- 2,890 square feet in a brick building constructed in 2004
- Two separate living quarters, arranged on one level
- Bedroom and bath configurations: 3 bedrooms and 2 baths; 2 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,315
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,300
$606.3K
Cap Rate 7%
$433,071
$433.1K
Cap Rate 9%
$336,833
$336.8K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$46.8K $16.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$43.3K $14.99/SF
− OpEx
−$13.0K −$4.50/SF
NOI
$30.3K $10.49/SF
Area
Putnam County, TN
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,300
Cap Rate 7%
$433,071
Cap Rate 9%
$336,833
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.1K
NOI $28,443 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,493 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 38506, TN
29,976
Population
13,018
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
90%
High-School Grad
164.3 sq mi
ZIP Area
182
Density / Sq Mi
$63,051
Median Household Income
$37,589
Median Earnings
$1,032
Median Rent
$256,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained living areas provide separate kitchens and living rooms within a single-level layout.
Where is this duplex located?
The property is located at 826 Boatman Rd Cookeville, TN.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,890 square feet in a brick building constructed in 2004; Two separate living quarters, arranged on one level; Bedroom and bath configurations: 3 bedrooms and 2 baths; 2 bedrooms and 1.5 baths
