Listing provided by: Heather Skender-Newton · Skender-Newton Realty
Source: East Tennessee REALTORS® MLS · MLS# 1330604
Listing last updated
About this home
Multiple units in one! 507 & 509 E Stevens Street present a rare opportunity to acquire a fully renovated multi-unit investment property in one of the city's most desirable locations. Situated in the Capshaw school zone, the property consists of a 3-bedroom, 1-bath single-family home (1,192 SF) and a separate two-unit structure featuring a 1 bed, 1 bath unit and a 2 bed, 1 bath unit (768 SF each). The property is grandfathered as multi-unit under RS-15 zoning and benefits from strong rental demand due to its location. All units underwent comprehensive renovations in 2022, including new HVACs, plumbing & sewer replacement, new water heaters, updated electrical components, new windows & doors, new flooring, fully remodeled bathrooms, new cabinets & countertops, new appliances, fresh trim and paint, and much more. This property offers predictable cash flow and long-term stability, making it ideal for investors and homeowners alike. 13 month home warranty for peace of mind.
Facts & features
- Bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Included: Range, Refrigerator
- Flooring: Laminate
- Total interior livable area: 2,728 sqft
- Attached garage: No
- Dimensions: 95x200
- Parcel number: 053N B 014.01
- Home type: Multi-Family
- Materials: Vinyl, Block, Frame
- Year built: 1940
- County: Putnam County - 53
- MLS area: Putnam County - 53
- Region: Cookeville
- Price: $369,929
- Price per square foot: $136/sqft
- Annual tax: $1,729.74
- Listing terms: Cash, Conventional
- Date on market: Mar 17, 2026
- Days on market: 111
- Status: Active
- MLS #: 1330604
Schools
Tap a school to view its rating, reviews & attendance boundary on GreatSchools.
Location
ListMyHomes.com is a neutral facilitator — we don't represent buyers or sellers or show homes ourselves. We connect you with a licensed local agent to tour or make an offer. You pay us nothing to be connected; if a transaction results, ListMyHomes.com may receive a referral fee from the agent's brokerage — never from you.
