507 E Stevens St, Cookeville, TN, 38501
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Vinyl Siding,Frame,Block
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Oven,Refrigerator,Electric Water Heater
- Laundry features: Main Level
Basement
- Basement: Crawl Space
Bedroom2
- Level: Main
Bedroom3
- Level: Main
Bedroom4
- Level: Main
Bedroom5
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 5
Dining Room
- Level: Main
Features
- New Floor Covering,New Paint,Ceiling Fan(s)
- Window features: Double Pane Windows
- Fireplace features: None
Heating & Cooling
- Heating features: Electric,Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,728
- Total interior livable area: 2,728 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 053N B 014.01
Features
- Levels: One
- Patio & porch: Porch,Deck
Lot
- Lot size: 0.43 Acres
- Features: Irregular Lot
- Lot size dimensions: 95 x 200
Parking
- Parking features: Driveway,None
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Earthquake
- Hail
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,870 | $22,440 |
| Home Insurance | $187 | $2,244 |
| Property Taxes | $147 | $1,764 |
| Electricity | $221 | $2,659 |
| Total | $2,425 | $29,100 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Listed for sale | $369,929 |
| 2026-03-10 | Contingent | $369,929 |
| 2026-03-10 | Pending sale | $369,929 |
| 2026-02-26 | Listed for sale | $369,929 |
| 2024-08-13 | Listing removed | $175,000 |
| 2021-09-30 | Contingent | $175,000 |
| 2021-09-22 | Listed for sale | $175,000 |
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