338 S Cedar Ave Cookeville, TN 38501
Five NeighborhoodEstimated payment $1,715/month
Total Views
4,359
4
Beds
3
Baths
2,124
Sq Ft
$134
Price per Sq Ft
Highlights
- Deck
- Living Room
- Carpet
- Covered patio or porch
- Baseboard Heating
About This Home
**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
Home Type
- Multi-Family
Est. Annual Taxes
- $1,630
Year Built
- Built in 1934
Lot Details
- 0.37 Acre Lot
Home Design
- Triplex
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,124 Sq Ft Home
- 2-Story Property
- Living Room
- Crawl Space
- <<OvenToken>>
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deck
- Covered patio or porch
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $45,520 | $13,600 | $31,920 |
| 2023 | $1,630 | $45,520 | $13,600 | $31,920 |
| 2022 | $1,498 | $45,520 | $13,600 | $31,920 |
| 2021 | $1,499 | $45,520 | $13,600 | $31,920 |
| 2020 | $1,171 | $45,520 | $13,600 | $31,920 |
| 2019 | $1,171 | $29,920 | $12,000 | $17,920 |
| 2018 | $1,068 | $29,920 | $12,000 | $17,920 |
| 2017 | $968 | $27,120 | $12,000 | $15,120 |
| 2016 | $968 | $27,120 | $12,000 | $15,120 |
| 2015 | $1,005 | $27,120 | $12,000 | $15,120 |
| 2014 | $938 | $25,322 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Price Changed | $285,000 | -3.4% | $134 / Sq Ft |
| 06/27/2025 06/27/25 | Price Changed | $295,000 | -1.7% | $139 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $300,000 | +140.0% | $141 / Sq Ft |
| 03/01/2021 03/01/21 | Sold | $125,000 | 0.0% | $59 / Sq Ft |
| 01/01/1970 01/01/70 | Off Market | $125,000 | -- | -- |
Source: My State MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | None Available | |
| Warranty Deed | $40,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $144,780 | New Conventional | |
| Closed | $127,926 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Cookeville, TN
Source: My State MLS
MLS Number: 11510730
APN: 053J-G-009.00
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