507 Stevens St E Cookeville, TN $ 369,929
507 Stevens St E
$ 369,929
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507 Stevens St E

Cookeville, TN, 38501
$ 369,929
Bedrooms6 Baths3.0 Sq 2,728

Monthly Estimate*

$ 2,278

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Multi-Family Home for sale in Cookeville, TN

for $369,929 with 6 bedrooms and 3 full baths. This 2,728 square foot home was built in 1940.

Multiple units in one! 507 & 509 E Stevens Street present a rare opportunity to acquire a fully renovated multi-unit investment property in one of the city’s most desirable locations. Situated in the Capshaw school zone, the property consists of a 3-bedroom, 1-bath single-family home (1,192 SF) and a separate two-unit structure featuring a 1 bed, 1 bath unit and a 2 bed, 1 bath unit (768 SF each). The property is grandfathered as multi-unit under RS-15 zoning and benefits from strong rental demand due to its location. All units underwent comprehensive renovations in 2022, including new HVACs, plumbing & sewer replacement, new water heaters, updated electrical components, new windows & doors, new flooring, fully remodeled bathrooms, new cabinets & countertops, new appliances, fresh trim and paint, and much more. This property offers predictable cash flow and long-term stability, making it ideal for investors and homeowners alike. 13 month home warranty for peace of mind.

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Multi-Family Active

Price

$ 369,929

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,730

Style

Triplex

Year Built

1940

Town/City

Cookeville

County/Region

Putnam

MLS | Web ID

3135681

Features
General
Living Area 2728
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Water Available
Possession Negotiable
Zoning RES
Garage Spaces 0
Construction Materials Aluminum Siding Vinyl Siding
Year Built 1940
Tenant Pays Other
Stories Count 1
Levels One
Gross Income 45840
County Putnam County TN
Net Operating Income 21840
Operating Expense 24000
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name None
Garage Y/N N
Rent Includes Other
Status Active
Buyer Financing Conventional Other
Directions From PCCH S on S. Lowe St L on Stevens St property on R.
High School Cookeville High School
City Cookeville
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Elementary School Capshaw Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1730
Middle/Junior High School Avery Trace Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 3820
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Interior
Flooring Laminate Tile
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2728
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Appliances
Building Area Total 2728
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 507
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* Excluded Features
List By
Skender-Newton Realty

Broker

skendernewtongroup@gmail.com

Email

Affordability Calculator

$2,422
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,278
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1968437 Elementary School
1028125 Middle School
Cookeville High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$369,929 Listed Price

Map


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507 Stevens St E, Cookeville, TN, 38501 is a Multi-Family Home for sale at $369,929 with 2,728 sqft. 507 Stevens St E has 6 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 38501 which is in Cookeville, TN