Versatile Brick Home in
826 Boatman Rd Cookeville, TN 38506
For Sale
$595,000
MULTI_FAMILY - Cookeville, TN
Property Size2,890 SF
Price / SF$205.88
Days on Market70
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
Porch, Patio
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
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
Building Details
Year built
2004
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
RE/MAX ONE, LLC
(931) 520-7777
Listed By:
Connie McCormick · License #296772
(931) 260-0440
Added: May 21
Changed: Jul 25
Last Checked: Jul 29 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This all-brick home offers nearly 3,000 square feet of living space, featuring two completely separate living quarters. The property is suitable for multi-generational living, accommodating guests, generating rental income, or providing extra space. The home is move-in ready and features hardwood floors and custom wood cabinetry. It includes two full kitchens, two living areas, and all appliances. One side of the home has 3 bedrooms and 2 baths, while the other offers 2 bedrooms and 1.5 baths. Both sides are conveniently located on one level, providing privacy. Shared spaces include a sunroom and laundry area. Additional features include a 2-car garage, a partial basement/storm shelter, a lawn, and views. The property is located in Cookeville, Tennessee.
Key Highlights
- All‑brick home built in 2004 with nearly 3,000 SF and two separate living quarters
- Two full kitchens, two living areas, and appliances included for easy move‑in
- 3‑bedroom/2‑bath side plus 2‑bedroom/1.5‑bath side, with privacy for each living area
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 | $46.8k | $16.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $43.3k | $14.99 |
| − OpEx | −$13.0k | −$4.50 |
| NOI | $30.3k | $10.49 |
2,890 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.1K
NOI $28,443 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,493 @ 7.0% cap · market cap 14.03%
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 - All-brick home with two separate living quarters and rental potential.
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 $595,000.
What are key features of this property?
This property features: All‑brick home built in 2004 with nearly 3,000 SF and two separate living quarters; Two full kitchens, two living areas, and appliances included for easy move‑in; 3‑bedroom/2‑bath side plus 2‑bedroom/1.5‑bath side, with privacy for each living area
