#2819634, Heather Baker, Listing office: THE REAL ESTATE COLLECTIVE
#2925420·
Listing office: Martin Real Estate, LLC·
Listing agent: Ethan Dolan·
Listing office phone: 6157965388
$1,925,000 List price
492 W 9th St Cookeville, TN 38501
14,040 sqft
$137 / sqft
House
Property details
About 492 W 9th St
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
Highlights
Home typeOther
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size14,040 sqft
Year built1991
MLS #2925420
ViewCity
Summary
- Flooring Type: Carpet, Wood
- Attached Garage: No
- Private Pool: No
- View: City
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $1,925,000
- Price/SqFt: $137
- Annual Tax Amount: $12,060
- Tax Year: 2023
- 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
- Year Built: 1991
- Living Area: 14,040 SqFt
- MLS Number: 2925420
- MLS Name: REALTRAC
- Office Name: Martin Real Estate, LLC
- Office Phone: (615) 796-5388
- Office Email: henry@martinmultifamilygroup.com
- Listing Agent: Ethan Dolan
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by 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. Properties displayed may be listed or sold by various participants in the MLS.
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© 2025 of the REALTRACS MLS. All rights Reserved.
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 this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker 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 as of date and time noted below. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 12:48:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 23, 2004 | Home Sold | $464,500 |
| Oct 06, 2004 | Home Sold | $355,000 |
| May 03, 1991 | Home Sold | $37,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $366,360 | $12,060 |
| 2022 | $366,360 | $12,060 |
| 2021 | $366,360 | $12,060 |
| 2020 | $366,360 | $12,060 |
| 2019 | $288,080 | $10,285 |
| 2018 | $288,080 | $10,285 |
| 2017 | $288,080 | $10,285 |
History based on county public records data.
Nearby schools
3
Sycamore Elementary School
Public District PK-4
0.9 mi
•452 Ellis Ave
6
Cane Creek Elementary School
Public District PK-4
1.1 mi
•1500 W Jackson St
5
Jere Whitson Elementary School
Public District PK-4
1.1 mi
•178 E Jere Whitson Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,756. Residents of Cookeville, TN typically earn less than $<35k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
62%
<35k
35%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
58%
Single, No Kids
16%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
6%
12-17 yrs old
42%
18-34 yrs old
27%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
UFC
Soccer
Where do the neighbors shop?
Express/Express For Men
Family Dollar
Forever 21
Where do the neighbors go to eat?
Starbucks
Burger King
Dominos Pizza
What do the neighbors drive?
Pontiac
Buick
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Cookeville, TN
Transportation in Cookeville includes a variety of options for residents. The city's layout facilitates easy access to major roads and highways, supporting efficient travel and commuting. Public transit services are available, providing connectivity across key areas. The community also values walkability, with several neighborhoods designed to be pedestrian-friendly. Ride-sharing services are present, complementing the existing transportation infrastructure.
The community is served by a robust educational system, including a number of public and private schools that cater to various educational needs. Healthcare services are comprehensive, with facilities offering a range of care options from primary to specialized treatments. The public library system supports lifelong learning, and the retail and dining landscape reflects the local culture, with a mix of familiar and unique establishments.
Cookeville is celebrated for its welcoming community spirit and scenic beauty. The city prides itself on a blend of cultural and outdoor activities, including local festivals that showcase the region's music, arts, and culinary delights. The community's character is further enriched by its proximity to natural attractions, providing residents with a serene and engaging living environment.
Cookeville offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles vary, with a mix of contemporary, ranch, and colonial homes. The housing market is dynamic, with a healthy balance of ownership and rental opportunities, reflecting the needs of a diverse population.
About 492 W 9th St
The listing price of 492 W 9th St property is $1,925,000.
The property 492 W 9th St is a house located in Cookeville, Tennessee, 38501.
Active Listing: 492 W 9th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 492 W 9th St are: Sycamore Elementary School (GreatSchools Rating 3/10), Cane Creek Elementary School (GreatSchools Rating 6/10), Jere Whitson Elementary School (GreatSchools Rating 5/10), Avery Trace Middle School (GreatSchools Rating 4/10), Algood Middle School (GreatSchools Rating 5/10), Prescott South Middle School (GreatSchools Rating 4/10), Cookeville High School (GreatSchools Rating 6/10), Vital: Upper Cumberland E-Learning Network (GreatSchools Rating 4/10), Upperman High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $12,060 (source: MLS/based on county public records data).
The last sale was on December 23, 2004 for $464,500 (source: MLS/tax record).
The property at 492 W 9th St has 0 bathroom.
The property 492 W 9th St is 14,040 SqFt (source: MLS/tax record).
The year of construction for 492 W 9th St is 1991.
This home is located at 492 W 9th St in Cookeville, TN and zip code 38501. This 14,040 square foot home was built in 1991. Features: 0 bathroom. It has been listed on Rocket Homes since June 30, 2025 and is currently priced at $1,925,000.
While more than 10 listings in Cookeville, TN in June 2025 were sold above asking price, there were more than 9 listings sold at asking price, and more than 42 were sold below. The number of homes for sale in Cookeville, TN increased by 6.4% between May and June 2025. While the average time on the market in June 2025 was 67 days, the median list price was $344,999.
From Rocket Homes Real Estate and based on county public records data.