Sold for $285,000

$285,000

338 S Cedar Ave, Cookeville, TN 38501

4beds

3baths

2,124sqft

Triplex

Built in 1934

-- sqft lot

$288,900 Zestimate^®

$134/sqft

$1,503 Estimated rent

Home value

$288,900

$243,000 - $344,000

$1,503/mo

Zestimate^® history

Owner options

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$1,503/mo

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$1,503/mo

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$1,664/mo

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$1,664/mo

Est. payment

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What's special

New roofPrime location

**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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Electric, Baseboard, Other

Cooling

Wall/Window Unit(s)

Appliances

Included: Electric Oven, Refrigerator, Electric Range, Electric Water Heater
Laundry: In Unit, Other

Features

Ceiling Fan(s)
Basement: Crawl Space
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,124
Total interior livable area: 2,124 sqft

Property

Features

Entry location: Unit 1 Location(U),Unit 2 Location(B),Unit Location(B)
Patio & porch: Porch, Deck
Exterior features: Lawn

Lot

Size: 0.37 Acres
Dimensions: 70 x 237 IRR

Details

Parcel number: 009.00
Zoning: RD

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Vinyl Siding, Frame
Roof: Shingle

Condition

Year built: 1934

Utilities & green energy

Electric: Circuit Breakers, Separate Meter
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Cookeville

Financial & listing details

Price per square foot: $134/sqft
Annual tax amount: $1,629
Date on market: 6/11/2025
Listing terms: Cash,Conventional,Other
Total actual rent: 1650

Price history

Date	Event	Price
9/30/2025	Sold	$285,000$134/sqft
Source: UCMLS #237154 Report a problem
8/21/2025	Pending sale	$285,000$134/sqft
Source: UCMLS #237154 Report a problem
8/21/2025	Contingent	$285,000$134/sqft
Source: RealTracs MLS as distributed by MLS GRID #2907113 Report a problem
7/9/2025	Price change	$285,000-3.4%$134/sqft
Source: East Tennessee Realtors #1304289 Report a problem
6/27/2025	Price change	$295,000-1.7%$139/sqft
Source: East Tennessee Realtors #1304289 Report a problem
6/11/2025	Listed for sale	$300,000$141/sqft
Source: East Tennessee Realtors #1304289 Report a problem