338 S Cedar Ave, Cookeville, TN 38501

$285,000 Sold Price
Sold on 9/30/2025
 
Listing ID 11510730
Property Type Multi-Unit (2-4)
County Putnam
School Putnam County
Total Tax $1,630
Tax ID 053J G 009.00
FEMA Flood Map fema.gov/portal
Year Built 1934
Virtual Tour

INVESTOR OPPORTUNITY! TRIPLEX IN PRIME LOCATION NEAR TTU!

**Attention Investors!** Check out this triplex in a prime location near Tennessee Tech, situated on a spacious 0.37-acre lot. The property is positioned at the front of the lot and is zoned RD. This 2,124 sq ft triplex features two 1-bedroom, 1-bathroom units on the ground level and one 2-bedroom, 1-bathroom unit on the second floor. Each unit is equipped with its own electric meter, and tenants are responsible for their electricity usage. The owner covers the water bill. All units are currently occupied, providing immediate rental income. The property benefits from a new roof plus new water heaters for each unit. The gross annual income for this property is $19,800. To schedule a viewing, please call us today. Kindly note that a 24-hour notice is required for all appointments. *All information is deemed reliable but is not guaranteed and should be independently verified.
Property Details
  • 4 Total Bedrooms
  • 3 Full Baths
  • 2124 SF (AG)
  • 0.37 Acres
  • Built in 1934
  • 2 Stories
  • Available 6/11/2025
  • Other Style
  • Crawl Basement
  • Renovation: New roof. Updated to pex plumbing throughout. Some new flooring and kitchen cabinets updated.
Unit Information
Unit #1 – Net Leasable Area: 698, Rent Price: 550, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 338
Unit #2 – Net Leasable Area: 698, Rent Price: 550, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 338
Interior Features
  • Oven/Range
  • Refrigerator
  • Carpet Flooring
  • Laminate Flooring
  • Vinyl Plank Flooring
  • Living Room
  • Baseboard
  • Other Heat Type
  • Electric Fuel
  • Wall/Window A/C
Exterior Features
  • Frame Construction
  • Vinyl Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Municipal Sewer
  • Deck
  • Covered Porch
Community Details
  • Triplex (Bldg. Style)
Taxes and Fees
  • $1,211 County Tax
  • $419 City Tax
  • $1,630 Total Tax
  • Tax Year 2024
Sale Information
  • Sold on 9/30/2025
  • Sold for $285,000
Previously Listed By
Baisley Hometown Realty, LLC
Office: 931-787-7065
Mobile: 931-787-8708
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Listing data is deemed reliable but is NOT guaranteed accurate.
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