507 E Stevens St, Cookeville, TN 38501

$369,929
Property Type: Single Family Bedrooms: 6 Square Footage: 2,278 Lot Size (sq. ft.): 18,731 Status: Pending
Current Price: $369,929 List Date: 3/17/2026 Last Modified: 7/27/2026

Overview

Description

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.

Listing Details MLS# 1330603

Location Tax Legal Info

House #
507
St Dir
E
Street Name
Stevens
St Suffix
St
State/Province
TN
Zip Code
38501
PIN #
053N B 014.01

Contract Info

Auction Y/N
No
Listing Price
369929

General Property Description

Type
Ranch
Lot Dimensions
95x200
Acres
0.43
Acre Source
Tax Records
Site Built
Yes
Restrictions
No
SqFt - Total (Aprox)
2278
SqFt - Main Lvl
2278
# Bedrooms
6
Baths - Full
3
# of Rooms
9
Fireplace
No
Property Status
N/A
HOA
No
Year Built
1940
Bonus Room
No
Extra Storage
Yes
SqFt - Down Lvl
0
SqFt - 2nd Flr Lvl
0
SqFt - 3rd Flr Lvl
0
Total Unfinished SqFt
0
# Fireplace
0
Basement
No

Status Change Info

Status Change Date
2026-07-27
Under Contract Date
2026-07-24

Location, Tax & Legal Info

Area
Putnam County - 53
Property Sub-Type
Residential
City/County Code
City Limits
Total Tax
1729.74

Remarks & Misc

Directions
From PCCH, S on S. Lowe St, L on Stevens St, property on R.
Public Remarks
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.

More Information

Atchd/Dtchd Type

Detached
Yes

Style

Other
Yes

Construction

Block
Yes
Frame
Yes

Siding

Vinyl
Yes

Fireplace

None
Yes

Cooling

Central Cooling
Yes

Floors

Tile
Yes
Vinyl
Yes

Garage/Parking

None
Yes

Basement

Crawl Space
Yes
Slab
Yes

Lot Description

Irregular Lot
Yes

Fuel

Electric
Yes

View

Other
Yes

Heat

Central
Yes

Appliances

Range
Yes
Refrigerator
Yes

Exterior Features

Deck
Yes

Misc Features

Pantry
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Outbuildings

Guest House
Yes

New Financing

Cash
Yes
Conventional
Yes

Property Features

Style: Other Construction: Block; Frame Siding: Vinyl Basement: Crawl Space; Slab Lot Description: Irregular Lot View: Other Fireplace: None Floors: Tile; Vinyl Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Sewer: Public Sewer Water: Public Misc Features: Pantry Exterior Features: Deck Outbuildings: Guest House New Financing: Cash; Conventional
IDX
Listing Office: Skender-Newton Realty
Last Updated: July - 27 - 2026
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