Renovated Studio-Style Condo
204&206 Boatman Street Cookeville, TN 38501
New
For Sale
$326,000
MULTI_FAMILY - Cookeville, TN
Property Size1,230 SF
Price / SF$265.04
Days on Market2
Property Features for 204&206 Boatman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Ceiling Fan(s)
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave
Standard status
Active
APN
053O A 001.00
Size
1,230 SF
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Skender-Newton Realty
(931) 261-9001
Listed By:
Heather Skender-Newton · License #272220
(931) 261-9001
Added: Jul 29
Last Checked: Jul 30 at 12:06AM
MLS# 246189
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 renovated duplex unit is described as an in-demand studio-style condo, featuring an open-concept living room flowing into the kitchen. The kitchen includes quartz countertops, soft-close cabinets, and an eat-in bar, and it provides access to a laundry space. Entry is from a covered patio, and the layout continues through a hallway to a bedroom with an oversized closet and a spacious bathroom with a tub/shower combo and top-of-the-line fixtures. The unit also includes access to a back deck.
The Villas at Park View are located at 204 & 206 Boatman Street in Cookeville, TN. The exterior is noted as newly updated, including roof, HVAC, plumbing/electric, sewer, and underground gutters. The community includes grounds maintenance, a dog park, and sidewalks, with quick access anywhere in town.
The property is presented for sale as part of a community with multiple floor plan options, and the remarks state these properties qualify for any loan type. Photos are noted as coming from other units with matching or similar materials.
The Villas at Park View are located at 204 & 206 Boatman Street in Cookeville, TN. The exterior is noted as newly updated, including roof, HVAC, plumbing/electric, sewer, and underground gutters. The community includes grounds maintenance, a dog park, and sidewalks, with quick access anywhere in town.
The property is presented for sale as part of a community with multiple floor plan options, and the remarks state these properties qualify for any loan type. Photos are noted as coming from other units with matching or similar materials.
Key Highlights
- Studio‑style condo in The Villas at Park View with ceiling fan(s) and vinyl flooring
- Kitchen includes dishwasher, electric oven, electric range, and microwave
- Open‑concept living area with kitchen featuring quartz countertops and soft‑close cabinets plus eat‑in bar
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 | $19.9k | $16.20 |
| − Vacancy | −$1.5k | −$1.22 |
| EGI | $18.4k | $14.99 |
| − OpEx | −$5.5k | −$4.50 |
| NOI | $12.9k | $10.49 |
1,230 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$184.3K
$161.3K – $215.0K
NOI $12,902 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$172.9K
$151.3K – $201.8K
NOI $12,106 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$507.6K
$444.2K – $592.3K
NOI $35,535 @ 7.0% cap · market cap 10.90%
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 - Open-concept interior with quartz countertops, laundry access, and covered patio entry in a duplex with recent exterior updates.
Where is this duplex located?
The property is located at 204&206 Boatman Street Cookeville, TN.
What is the asking price?
The asking price for this property is $326,000.
What are key features of this property?
This property features: Studio‑style condo in The Villas at Park View with ceiling fan(s) and vinyl flooring; Kitchen includes dishwasher, electric oven, electric range, and microwave; Open‑concept living area with kitchen featuring quartz countertops and soft‑close cabinets plus eat‑in bar
