492 W 9th St, Cookeville, TN 38501

Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1991
  • Listing ID #:2925420
  • Added:87 day(s) ago
  • Updated:September 25, 2025 at 07:38 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
MLS LogoCopyright 2025 RealTracs. All rights reserved. RealTracs provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. RealTracs will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of RealTracs.

New listings near 492 W 9th St