Putnam County, TN Multifamily Properties for Sale

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Updated: Aug 14

Historic Short-Term Rental Property

11710 Nashville Hwy, Baxter, TN 38544

$249,929

1,300 sqft

Historic property built in 1950
Currently operating as an Airbnb
1,300 property size
Near I‑40, Cordell Hull Lake, and Center Hill Lake
Located at 11710 Nashville Hwy, Baxter, TN 38544

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11710 Nashville Hwy, Baxter, TN 38544

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$22K
Annual
Mortgage

$149K
Mar 2023
Last Sold

Aug 2022
$116K
Property Type

Retail Stores
Built 1950

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Updated: Aug 31

New Construction Triplex

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

$889,900

1,556 sqft 0.42 AC lot

Three townhome residences in one triplex property
Each residence includes 4 bedrooms and 3 full bathrooms
Main‑level bedroom and full bath in each home
Under construction with a 2026 year built
0.4161‑acre site at 212‑216 W Jere Whitson Road

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Short-Term Rental Property

11710 Nashville Highway, Baxter, TN 38544

$249,929

1,300 sqft 1.09 AC lot

Currently operating as an Airbnb short-term rental near I-40, Cordell Hull Lake, and Center Hill Lake.

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Two-Unit Duplex with Covered Parking

450 E Main St, Cookeville, TN 38506

$239,900

1,796 sqft 0.57 AC lot

Separate driveways, attached covered parking, and a fenced backyard provide practical features for occupants.

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Five-Unit Apartment Building

11279 Nashville Hwy, Baxter, TN 38544

$679,998

6,400 sqft 1.20 AC lot

Multifamily property with varied unit layouts, a detached storage building, and plumbing and water-heater upgrades.

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Single-Level Duplex With Two Kitchens

826 Boatman Rd, Cookeville, TN 38506

$595,000

2,890 sqft

Two private living quarters share a sunroom and laundry area, with appliances included throughout the home.

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Renovated Duplex with Quartz Kitchen

154 Boatman Street, Cookeville, TN 38501

$209,929

775 sqft

Duplex property featuring updated interior finishes, a covered porch, back deck, and community grounds maintenance.

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Renovated Duplex With Leased Units

20 W Borden St, Cookeville, TN 38501

$409,900

2,200 sqft

Two separately metered residences offer matching three-bedroom layouts, updated finishes, and private laundry hookups.

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Apartment Buildings with Mobile Homes

2350 Hwy 70 E, Cookeville, TN 38506

$1,775,000

21,094 sqft 7.94 AC lot

Multifamily property combines apartment units, mobile homes, and workshop facilities across an approximately 7.94-acre tract.

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Duplex Unit with Quartz Kitchen

225 Boatman Street, Cookeville, TN 38501

$224,929

988 sqft

Two-bedroom, two-bath residence with open living space, covered porch access, and dedicated laundry area.

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Two-Bedroom Duplex Unit

227 Boatman Street, Cookeville, TN 38501

$224,929

988 sqft

Open-concept residence with updated finishes, covered patio, back deck, and community grounds maintenance.

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43-Site Mobile Home Park

536 E 20th St, Cookeville, TN 38501

$1,599,900

1 sqft 3.77 AC lot

RMHP-zoned property within Cookeville city limits with surveyed land and an established residential site layout.

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43-Site Mobile Home Park

536 E 20th St, Cookeville, TN 38501

$1,599,900

3.77 AC lot

RMHP-zoned property with public water and sewer serving an established residential income use.

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Renovated Duplex with Deck

20 W Borden St, Cookeville, TN 38501

$409,900

2,200 sqft 0.29 AC lot

Two leased residences offer matching three-bedroom layouts, separate utility metering, and durable vinyl flooring throughout.

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Renovated Duplex with Deck

20 W Borden St, Cookeville, TN 38501

$409,900

2,200 sqft

Two leased residences offer updated finishes, private outdoor space, and separately metered utilities near downtown Cookeville.

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Multifamily Property with Barn

121 Locust Grove Rd, Cookeville, TN 38501

$375,000

0.40 AC lot

Commercially zoned property with rental spaces, cottages, RV hookups, and renovation needs.

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Brick Duplex

204&206 Boatman Street, Cookeville, TN 38501

$326,000

1,230 sqft

Brick construction, central air, and public utilities support the property’s residential configuration.

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Renovated 80-Unit Apartment Building

1045 Fisk Road, Cookeville, TN 38501

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81,760 sqft

All residences feature two bedrooms and in-unit washer/dryer hookups.

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Three-Story 12-Unit Apartment Building

2465 Benton Young Road, Cookeville, TN 38501

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9,215 sqft 1.00 AC lot

Three-story, 12-unit apartment complex with twelve two-bedroom, one-bath units on approximately one acre.

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Two-Unit and Four-Unit Residential Property

132 Shipley St, Cookeville, TN 38501

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4,472 sqft

Mixed multifamily building includes one fourplex and one duplex with multiple 2-bedroom and 1-bedroom units.

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Brick Mixed-Use Building

1870 W Broad St, Cookeville, TN 38501

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2,000 sqft 1.53 AC lot

Under-construction brick building on 1.53 acres with office space on the ground level and two-bedroom living quarters below.

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Renovated Mobile Home & Triplex Community

6492 Bunker Hill Road, Cookeville, TN 38506

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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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88-Room Hotel with Apartments

2021 E Spring St, Cookeville, TN 38506

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Hotel includes a pool, common areas, guest laundry, and manager living quarters.

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Duplex with Four- and Three-Bedroom Units

539 Polly Drive, Cookeville, TN 38501

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Two residential units are undergoing remodeling, with washer and dryer hookups provided in each.

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Putnam County, TN Multifamily Properties Market Trends and Statistics

Explore 51 multifamily properties for sale in Putnam County, TN, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 144,365 square feet of properties for sale, with an estimated market value of $10,469,943.

Sale prices for multifamily properties in Putnam County, TN start at $209,929, averaging $615,879, and reaching up to $1,775,000 — 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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