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    Cookeville, TN
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    Cookeville, TN Multifamily Properties for Sale

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    Renovated Multi-Unit Investment Property
    Updated: Mar 17
    Renovated Multi-Unit Investment Property

    507 E Stevens Street, Cookeville, TN 38501

    $369,929
    2,728 sqft 0.43 AC lot
    Fully renovated multi‑unit property: 507 & 509 E Stevens Street
    Includes a 3‑bedroom, 1‑bath single‑family home with 1,192 SF
    Separate two‑unit structure with two 1‑bed/1‑bath and 2‑bed/1‑bath units (768 SF each)
    All units renovated in 2022 with new HVACs, updated electrical components, new windows & doors, new flooring and remodeled bathrooms
    Upgrades in 2022 include plumbing & sewer replacement, new water heaters, fresh trim and paint, and new cabinets/countertops
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    This listing looks promising.

    Here's a quick look at some key insights for

    507 E Stevens Street, Cookeville, TN 38501

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $384K
      Above asking

    • Property Type

      Single Family Residence
      Built 1940
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    Townhome Triplex for Sale
    Updated: Jun 26
    Townhome Triplex for Sale

    212-216 W Jere Whitson Road, Cookeville, TN 38501

    $899,900
    1,556 sqft 0.42 AC lot
    3 townhomes under construction with an anticipated 2026 year built
    Each home offers 4 bedrooms and 3 full bathrooms, including a main‑level bedroom and full bath
    Central air cooling with electric heating
    Kitchen appliances include dishwasher, electric range, microwave, and refrigerator
    Construction includes frame, brick, and HardiPlank Type with shingle/composition roofing
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    Versatile Brick Home in Cookeville
    Versatile Brick Home in Cookeville

    826 Boatman Rd, Cookeville, TN 38506

    $595,000
    2,890 sqft

    All-brick home with two separate living quarters and rental potential.

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    Duplex with Covered Patio
    Duplex with Covered Patio

    207 Boatman Street, Cookeville, TN 38501

    $209,929
    775 sqft

    Duplex unit offers a covered patio, open living area, and updated kitchen finishes with new roof and HVAC.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Renovated Mobile Home & Triplex Community
    Renovated Mobile Home & Triplex Community

    6492 Bunker Hill Road, Cookeville, TN 38506

    Contact for pricing
    7.80 AC lot

    Renovated mobile homes plus a triplex and two single-family homes on-site management, generating $9,350 monthly income.

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    Cookeville Duplex with Modern Amenities
    Cookeville Duplex with Modern Amenities

    227 Boatman Street, Cookeville, TN 38501

    $224,929
    988 sqft

    New duplex in Cookeville with quality features and convenient location.

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    Duplex with Covered Patio
    Duplex with Covered Patio

    225 Boatman Street, Cookeville, TN 38501

    $224,929
    988 sqft

    Duplex unit offers 2 bedrooms, 2 bathrooms, an open kitchen with new quartz countertops, and covered outdoor living.

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    Duplex Residential Income
    Duplex Residential Income

    204 Boatman Street, Cookeville, TN 38501

    $164,000
    615 sqft

    Duplex unit with covered patio entry, open-concept living/kitchen, and recently updated roof, HVAC, plumbing, and electrical.

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    Studio-Style Duplex Condo
    Studio-Style Duplex Condo

    206 Boatman Street, Cookeville, TN 38501

    $164,000
    615 sqft

    Studio-style duplex condo with quartz kitchen finishes, covered patio entry, and in-unit laundry area plus back deck access.

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    Duplex with Covered Patio
    Duplex with Covered Patio

    154 Boatman Street, Cookeville, TN 38501

    $199,429
    775 sqft

    Duplex home featuring a covered patio, open living area with kitchen island, and updated interior finishes.

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    Zoned RMHP Mobile Home Park
    Zoned RMHP Mobile Home Park

    536 E 20th St, Cookeville, TN 38501

    $1,699,900
    3.77 AC lot

    Mobile home park with 43 sites zoned RMHP inside Cookeville city limits.

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    Income-Producing Compound Hobby Farm
    Income-Producing Compound Hobby Farm

    121 Locust Grove Rd, Cookeville, TN 38501

    $450,000
    0.40 AC lot

    Multi-family income property with versatile infrastructure and rental potential.

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    Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 12 Active listings in Cookeville, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Office Building with Upper Apartments
    Office Building with Upper Apartments

    306 W Broad St, Livingston, TN 38570

    $595,000
    8,735 sqft 0.59 AC lot

    Multi-suited office building with two tenant-ready suites and three upper apartments reached by an exterior stair.

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    Mixed-Use Building with Retail and Apartments
    Mixed-Use Building with Retail and Apartments

    305 S Church Street, Livingston, TN 38570

    $649,900
    5,760 sqft 0.09 AC lot

    For sale mixed-use building with retail/office space on the main level and three apartments above.

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    Sparta TN Multifamily Investment Opportunity
    Sparta TN Multifamily Investment Opportunity

    414 W Bockman Way, Sparta, TN 38583

    $375,000
    3,120 sqft 0.11 AC lot

    Four-unit property in central Sparta with income potential.

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    Sparta TN Multifamily Investment Opportunity
    Sparta TN Multifamily Investment Opportunity

    414 W Bockman Way, Sparta, TN 38583

    $375,000
    3,120 sqft

    3,120 sq ft 4-plex in central Sparta, TN.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Unrestricted Wooded Acreage with Pond
    Unrestricted Wooded Acreage with Pond

    00 Dodson Branch Hwy, Cookeville, TN 38501

    $175,000
    12.00 AC lot

    12+ acres of unrestricted land with pond near Cookeville.

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    Unrestricted Lake Lot in Smithville
    Unrestricted Lake Lot in Smithville

    182 Mayberry Drive, Smithville, TN 37166

    $39,900
    0.14 AC lot

    Unrestricted lake lot with utilities started near community boat dock.

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    Land with Utilities Near Lake
    Land with Utilities Near Lake

    Holmes Creek Rd lot: 1, Smithville, TN 37166

    Contact for pricing
    0.43 AC lot

    Land with utilities ready for camper or mobile home near lake.

    View details
    Unrestricted Land in Sparta, TN
    Unrestricted Land in Sparta, TN

    8849 Eastland Road, Sparta, TN 38583

    $125,998
    3.17 AC lot

    3.17-acre unrestricted property ready for your dream home!

    View details

    Off-Market Properties in Cookeville, TN

    Consider similar Off-Market properties in Cookeville, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    520 Bowers Rd
    MOBILE HOME PARK, TRAILER PARK

    520 Bowers Rd, Cookeville, TN 38506-9218

    Value Estimation by Request
    5.02 AC lot
    View details
    113 Spg Crk Cir
    MOBILE HOME PARK, TRAILER PARK

    113 Spg Crk Cir, Cookeville, TN 38506-7766

    Value Estimation by Request
    3,500 sqft 1.00 AC lot
    View details
    2878 Zeb Warren Rd
    MOBILE HOME PARK, TRAILER PARK

    2878 Zeb Warren Rd, Cookeville, TN 38506-7241

    $525,000
    Estimated value
    2,240 sqft 2.94 AC lot
    View details
    765 Thomas Rd
    MOBILE HOME PARK, TRAILER PARK

    765 Thomas Rd, Cookeville, TN 38501-5333

    Value Estimation by Request
    1,620 sqft 5.75 AC lot
    View details
    504 Bowers Rd
    MOBILE HOME PARK, TRAILER PARK

    504 Bowers Rd, Cookeville, TN 38506-9218

    Value Estimation by Request
    912 sqft 1.12 AC lot
    View details
    1297 Boyd Farris Rd
    MOBILE HOME PARK, TRAILER PARK

    1297 Boyd Farris Rd, Cookeville, TN 38506-6284

    Value Estimation by Request
    1,056 sqft 4.80 AC lot
    View details
    128 Spg Crk Cir
    MOBILE HOME PARK, TRAILER PARK

    128 Spg Crk Cir, Cookeville, TN 38506-1702

    Value Estimation by Request
    3,140 sqft 1.00 AC lot
    View details
    Cane Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    Cane Crk Rd, Cookeville, TN 38506

    Value Estimation by Request
    1,152 sqft 2.77 AC lot
    View details
    4503 Rickman Rd
    MOBILE HOME PARK, TRAILER PARK

    4503 Rickman Rd, Cookeville, TN 38506-1725

    Value Estimation by Request
    View details
    157 County Farm Rd
    MOBILE HOME PARK, TRAILER PARK

    157 County Farm Rd, Cookeville, TN 38501-8307

    Value Estimation by Request
    560 sqft
    View details
    1701 Bunker Hl Rd
    MOBILE HOME PARK, TRAILER PARK

    1701 Bunker Hl Rd, Cookeville, TN 38506-5507

    Value Estimation by Request
    480 sqft
    View details
    1957 Broad St
    Multifamily properties

    1957 Broad St, Cookeville, TN 38501

    Value Estimation by Request
    6.00 AC lot
    View details

    Cookeville, TN Multifamily Properties Market Trends and Statistics

    Explore 39 multifamily properties for sale in Cookeville, TN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 11,930 square feet of properties for sale, with an estimated market value of $3,052,045.

    Sale prices for multifamily properties in Cookeville, TN start at $164,000, averaging $339,116, and reaching up to $899,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 7
    Mobile home & RV parks 1
    Triplexes 1

    Demographics Overview

    Population 73K
    Population Growth (5Y) +7.3%
    Median Household Income $55,913
    College Educated 16.8%

    High-Yield Neighborhoods for Investment

    Identify Cookeville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38501 $486.2K
    38506 $595K

    Taxes & Financing

    Tax Rate (average for all types) 2.99%
    Property Tax per SF $60.03 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Putnam County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Cookeville, TN

    • 38501
    • 38506

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