507 E Stevens St, Cookeville, TN 38501
$369,929
Property Type:
Multi-Family
Square Footage:
2,728
Status:
Pending
Current Price:
$369,929
List Date:
3/17/2026
Last Modified:
7/27/2026
Overview
Description
Listing Details MLS# 1330604
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
- SqFt - Total (Aprox)
- 2728
- Lot Dimensions
- 95x200
- Number of Units
- 3
- Year Built
- 1940
- Property Status
- N/A
- Driveway
- Paved
- Total Unfinished SqFt
- 0
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2026-07-27
- Under Contract Date
- 2026-07-24
IncomeExpenses
- Net Operating Income
- 19000
Location, Tax & Legal Info
- Area
- Putnam County - 53
- City/County Code
- City Limits
- Elementary School
- Capshaw
- Middle School
- Avery Trace
- Total Tax
- 1729.74
- High School
- Cookeville
More Information
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.
Income/Expenses
- Gross Annual Income
- 45840
- Annual Oper Expenses
- 24000
Property Sub-Type
- House Converted
- Yes
Construction
- Block
- Yes
- Frame
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
- 3 or more Bdrm Units
- Yes
Siding
- Vinyl
- Yes
Sale Includes
- No Furnishings
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Laminate
- Yes
Garage/Parking
- None
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
Other Rooms
- Bedroom Main Level
- Yes
Roof
- Metal
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Property Features
Property Sub-Type:
House Converted
Type of Units:
1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes:
No Furnishings
Floors:
Laminate
Fuel:
Electric
Heat:
Central
Cooling:
Central Cooling
Appliances:
Range; Refrigerator
Construction:
Block; Frame
Roof:
Metal
Siding:
Vinyl
Other Rooms:
Bedroom Main Level
New Financing:
Cash; Conventional
IDX
Listing Office:
Skender-Newton Realty
Last Updated: July - 27 - 2026
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