492 W 9th St, Cookeville, TN 38501

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#1#2#3
492 W 9th St,Cookeville, TN 38501
$1,800,000
  • - Beds
  • - Baths
  • 14,040 sq. ft.
  • Multi-family
  • Active
Listed by:ethan dolan
Office:martin real estate, llc.
MLS#:2925420
Source:NASHVILLE

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$128.21

About this home

Cookeville, TN | 14,040 SF | 1.8 Acres | Zoned RM-8 | Opportunity Zone Great Investment Opportunity – 15 Townhome-Style Units Located less than 1 mile from Tennessee Tech University, this well-positioned multifamily asset features 15 spacious townhome-style units spread across three buildings totaling 14,040 square feet on a 1.8-acre lot. Built in 1991, each unit offers 2 bedrooms, 1.5 bathrooms, and multi-level living, making it highly attractive to both long-term tenants and student renters. Property Highlights: Stable in-place cash flow with average rents of $950/month per unit Strong occupancy driven by proximity to Tennessee Tech University Recent capital improvements: 11 new HVAC systems installed within the last 3 years 30-year architectural roofs installed in 2017 Zoned RM-8, allowing for residential density flexibility Located in a federally designated Opportunity Zone — favorable for long-term investors seeking tax advantages Value-Add Potential: Implement RUBS

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Home facts

  • Year built:1991
  • Listing Id #:2925420
  • Added:49 day(s) ago
  • Updated:August 13, 2025 at 02:48 PM

Rooms and interior

  • Living area:14,040 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central

Structure and exterior

  • Year built:1991
  • Building area:14,040 sq. ft.

Schools

  • High school:Cookeville High School
  • Middle school:Avery Trace Middle School
  • Elementary school:Sycamore Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$128.21
  • Tax amount:$13,116
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