$369,929
Cookeville, TN 38501
MLS# 1330603
6 beds | 2278 sqft
1 / 16
Property 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.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 369929
Current Price: $369,929
Status: Active
Listing Date: 2026-02-26
Location, Tax & Legal Info
Area: Putnam County - 53
Property Sub-Type: Residential
City/County Code: City Limits
Total Tax: 1729.74
General Property Description
Type: Ranch
# Bedrooms: 6
Lot Dimensions: 95x200
Acres: 0.43
Acre Source: Tax Records
# of Rooms: 9
Restrictions: No
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 2278
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
Total Unfinished SqFt: 0
# Fireplace: 0
HOA: No
Basement: No
Bonus Room: No
Extra Storage: Yes
SqFt - Total (Aprox): 2278
Baths - Full: 3
Year Built: 1940
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.
Atchd/Dtchd Type
Detached: 1
Style
Other: 1
Construction
Block: 1
Frame: 1
Siding
Vinyl: 1
Fireplace
None: 1
Cooling
Central Cooling: 1
Floors
Tile: 1
Vinyl: 1
Garage/Parking
None: 1
Basement
Crawl Space: 1
Slab: 1
Lot Description
Irregular Lot: 1
Fuel
Electric: 1
View
Other: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Exterior Features
Deck: 1
Misc Features
Pantry: 1
Sewer
Public Sewer: 1
Water
Public: 1
Outbuildings
Guest House: 1
New Financing
Cash: 1
Conventional: 1
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
Geo Lat: 36.155857
Geo Lon: -85.496793
Status Change Info
Status Change Date: 2026-03-17
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
Office Phone: 931-261-9001
Last Updated: March - 17 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
*Neighborhoods and areas are approximate and based off of geo coding provided by a third party. Knox Native holds no liability for the accuracy of the these locations and buyers, sellers, prospects, and agents should verify all information and accuracy to suit.