Multi Family Investment Properties for Sale in Cookeville, TN
Currently Rented
Rental Income
$ 450,000
ROI
21.3
Cash Flow/m
186- 6 Bed
- 4 Bath
- 2200 sft
20 W Borden St, Cookeville, TN, 38501
Rental Income
$ 239,900
ROI
28.8Cash Flow/m
604- - Bed
- - Bath
- 1796 sft
450 E Main St, Cookeville, TN, 38506
$ 334,900
ROI
30.4Cash Flow/m
995- 5 Bed
- 4 Bath
- 2574 sft
42 Eastgate Cir Unit A & B, Cookeville, TN, 38506
$ 224,929
ROI
24.8Cash Flow/m
314- 2 Bed
- 2 Bath
- 988 sft
225 Boatman St, Cookeville, TN, 38501
Why Invest in Cookeville, Tennessee?
Multi-family properties in Cookeville, TN offer strong investment potential with steady rental demand. Average rents around $1,700 support solid cash flows, while cap rates hover at 7-8%. Appreciation has been modest at 1%, bolstered by a growing renter-occupied population over 40%. Low vacancy and employment growth from Tennessee Tech University enhance long-term returns.
8.5%
Avg. ROI
7.2%
Rental Yield
7.5%
Cap Rate
$1250/mo
Avg. Cash Flow
$1717/mo
Avg. Rent
1.2%
1Y Appreciation
Frequently Asked Questions
High student and renter demand from Tennessee Tech drives occupancy. Average rents of $1,700 yield solid cap rates around 7.5%. Steady job growth supports long-term cash flow stability.
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