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492 W 9th St

Cookeville, TN 38501

– beds
– baths
14,040 sqft
$137 per sqft
1991 build
– on site

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 utility billing for water/sewer to improve NOI Interior renovations and strategic rent increases offer significant upside Potential to modernize units and common areas for increased appeal

Listing courtesy of REALTRACS / Martin Real Estate, LLC

Last checked: Checking… • Last updated Jun 30, 2025 •

MLS# 2925420 —

The Building

Year Built:

1991
Year Built Details:

EXIST
New Construction:

false
Construction Materials:

Vinyl Siding
Stories:

2
Levels:

One
Security Features:

Fire Alarm, Smoke Detector(s)
Structure Type:

Multi Family
# of Units Total:

15
Building Area Units:

Square Feet
Building Area Total:

14040
Building Area Source:

Assessor
Above Grade Finished Area:

14040
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Carpet, Wood
Fireplace:

false

Room Dimensions

Living Area:

14040
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

Tennessee Tech University, 1 William L Jones Dr, Cookeville, TN 38505 (Main entrance at the intersection of Dixie Ave and William L Jones Dr) Step-by-step: Exit campus heading west on William L Jones Dr. At the traffic light, turn left onto N Willow Av
Latitude:

36.17350729
Longitude:

-85.51607105

The Property

Parcel Number:

040P A 00204 000
Property Type:

Residential Income
Lot Size Units:

Acres
Zoning:

R-8
View:

City
View:

true
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

13116

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Ceiling Fan(s), Central Air
Cooling:

true

Utilities

Utilities:

Water Available
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Sycamore Elementary
Middle Or Junior School:

Avery Trace Middle School
High School:

Cookeville High School

The Community

Subdivision Name:

Multifamily 15 unit development
Waterfront:

false
Pool Private:

false
Association:

false

Parking

Parking Total:

50
Garage:

false
Attached Garage:

false
Carport:

false
Open Parking Spaces:

50

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/30/25 Jun 30, 2025	Listed / Active	REALTRACS	$1,925,000

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This multifamily located in Three, Cookeville, TN 38501 is currently for sale for $1,925,000. 492 W 9th St is a 14,040 square foot multifamily with – beds and – baths that has been on Estately for 1 days. 492 W 9th St is in the Three neighborhood of Cookeville and has a WalkScore® of 44, making it car-dependent. This multifamily is in the attendance area of Cookeville High School, Avery Trace Middle School, and Sycamore Elementary School.

Listing Courtesy of: REALTRACS and Martin Real Estate, LLC.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.