164 West Wall Street Cookeville, TN $ 1,725,000
164 West Wall Street
$ 1,725,000
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164 West Wall Street

Cookeville, TN, 38506
$ 1,725,000
Baths0.0 Sq 12,569

Monthly Estimate*

$ 10,621

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View a Virtual Tour
Studio

Multi-Family Home for sale in Cookeville, TN

for $1,725,000. This 12,569 square foot home was built in 1930 on a lot size of 0.61.

Welcome to "The Colonial Inn" at 164 W Wall St Cookeville, TN 38506. This amazing and rare investment opportunity includes 19 nicely remodeled 1 bed,1 bath apartments with timeless touches and many unique outdoor areas. Located in the heart of Algood, mere steps from city hall, the farmer's market, brick oven pizza restaurant, coffee shop and a short drive to TTU and shopping/dining options. Each Unit features updated kitchen, bath and decor while maintaining a timeless feel in this well maintained almost century old building with modern improvements. The complex also boasts nicely landscaped grounds, several unique outdoor areas, an onsite commercial laundry facility and ample parking. The high demand unit type appeals to a large majority of area renters and has produced a great rental history with short/low turnover offering a new investor a great bottom line. Contact me today for more information and a tour.

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Multi-Family Active

Price

$ 1,725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,379

Style

Apartments

Lot Size

0.61

Year Built

1930

Town/City

Cookeville

County/Region

Putnam

MLS | Web ID

235656

Features
Interior
Interior Amenities Window Coverings Ceiling Fan(s) Smoke Detectors
Basement 1
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General
Sewer Public Sewer
Construction Frame
Heating Electric Heat Pump
Cooling Central Air
Possession AtClosing
Roof Metal
Appliances Refrigerator Electric Range Microwave Range Hood Washer Dryer
Laundry Y/N Available On Site
Water Public
Water Heater Gas Electric
Fireplaces None
Windows Double Pane Windows
County Putnam
Terms Cash Conventional
Status Active
Car Storage 0
Patio/Deck Porch Covered Stoop Gazebo
Area Algood City Limits
Directions From PCCH: East on Spring St L on Hwy 111 R on Main St R on W Wall St Building on left behind city hall.
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Exterior
Exterior Amenities Paved Parking
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* Excluded Features
List By
Michael Farley

Listing Agent

True Blue Realty, Llc

Broker

mikefarley@truebluerealty.net

Email

Affordability Calculator

$11,153
Per Month
95%
5%
0%
Monthly Principal & Interest
$10,621
Monthly Property Taxes
$532
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
2633377 Elementary School
2633378 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$1,725,000 -1.43% Price Down
4/7/2025$1,750,000 Listed Price

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164 West Wall Street, Cookeville, TN, 38506 is a Multi-Family Home for sale at $1,725,000 with 12,569 sqft and a lot size of 0.61. 164 West Wall Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 38506 which is in Cookeville, TN