Versatile Brick Home in
826 Boatman Rd, Cookeville, TN 38506
New
- Added:
- May 21, 2026
- Days on Market:
- 3
- Last Refresh:
- May 23 at 4:06 am
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
- Tile, Hardwood
- Building materials
- Frame, Brick
- Roof type
- Composition
Listing agent Connie McCormick License #296772 (931) 260-0440
Listing office RE/MAX ONE, LLC 1405 Interstate Dr. 1405 Interstate Dr., Cookeville, TN (931) 520-7777
Listing date May 21, 2026
MLS# 244532
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.
HighLights
- Two Separate Living Quarters: Ideal for multi‑generational living, guests, rental income, or flexible space.
- Move‑In Ready Condition: Immaculate condition with beautiful hardwood floors and all appliances included.
- Spacious Layout: Nearly 3,000 SF on one level with 5 bedrooms and 3.5 baths total.
- Two Full Kitchens and Living Areas: Provides independent living spaces within the home.
- Desirable Features: Includes a 2‑car garage, sunroom, partial basement/storm shelter, and a gorgeous lawn.
- Attractive Exterior: All brick construction with outstanding curb appeal and beautiful views.
Overview
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$336.8K
NOI $30,315 @ 9.00% cap · cautious / downside scenario
Moderate
$433.1K
NOI $30,315 @ 7.00% cap · market / base-case scenario
Aggressive
$606.3K
NOI $30,315 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Cantrells Body Shop ...
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Cookeville
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.422169
- Latitude
- 36.248487
Nearby Similar for Sale
FAQs
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: Two Separate Living Quarters: Ideal for multi‑generational living, guests, rental income, or flexible space.; Move‑In Ready Condition: Immaculate condition with beautiful hardwood floors and all appliances included.; Spacious Layout: Nearly 3,000 SF on one level with 5 bedrooms and 3.5 baths total.
