507 Spring St E

Cookeville, TN 38501

$369,929
Price
6
Beds
3
Baths
2,728 Sq. Ft.
$136 / Sq. Ft.
2,728
Sq. Ft.
$136
per Sq. Ft.
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a house with trees in front of it
a view of an empty room with wooden floor and a window
a white refrigerator freezer sitting inside of a kitchen
a view of an empty room with wooden floor and a window
a bathroom with a sink a toilet and shower
wooden floor in a room
an empty room with wooden floor ceiling fan and windows
a kitchen with granite countertop a refrigerator and a stove
a kitchen with wooden floors and appliances
a view of an empty room with a window and wooden floor
a view of a bird house next to yard
a view of a field with an ocean
a view of a house with a yard
a bathroom with a shower

Description

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...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.
  1. Listed by Heather Skender-Newton • Skender-Newton Realty

Property Details for 507 Spring Street East

Subdivision Name
None
Waterfront
No
LISTING UPDATED: 03/17/2026 08:08 AM

Property Details for 507 Spring Street East

StatusActive
MLS #3135681
Days on Market16
Taxes$1,730 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size-
CountyPutnam County
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Location

Listing Courtesy of Skender-Newton Realty, Heather Skender-Newton (931.261.9001)
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Building Information for 507 Spring Street East

Stories1Residences3Year Built1940Building Size-Lot Size-

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$1,939 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,795

Property Taxes

$144

HOA Dues

$0

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Property Information for 507 Spring Street East

Summary
Location and General Information
  • Directions: From PCCH, S on S. Lowe St, L on Stevens St, property on R.
  • Elementary School: Capshaw Elementary
  • High School: Cookeville High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Avery Trace Middle School
  • Mlg Can View: Yes
  • Zoning: RES
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Laminate, Tile
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 053N B 01401 000
  • Structure Type: Triplex
Property and Assessments
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Documents Count: 4
  • New Construction: No
  • Possession: Negotiable
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 1
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Unit 1
  • Unit Type Actual Rent: $1,525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Type Actual Rent: $1,095.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Rent Includes: Other
  • Tenant Pays: Other
  • Total Actual Rent: $3,820

Property History for 507 Spring Street East

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Listed (Active)

REALTRACS #3135681

$369,929—
DateEvent & SourcePrice
02/26/2026

Listed (Active)

REALTRACS #3135681

$369,929

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 507 Spring Street East

This home is within Putnam County School District.
Rating
School
Type
Grades
Distance
Capshaw Elementary School
Public - PK to 4
Avery Trace Middle School
Public - 5 to 8
Cookeville High School
Public - 9 to 12
Putnam County Vital
Public - PK to 12
Rating
School
Distance
Capshaw Elementary School
PublicPK to 4

Avery Trace Middle School
Public5 to 8

Cookeville High School
Public9 to 12

Putnam County Vital
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 507 Spring Street East, Cookeville, TN 38501

507 Spring Street East is a multi-family home for sale in Cookeville, TN 38501. This property was listed for sale on February 26, 2026 by Skender-Newton Realty, it's currently listed at $369,929. This listing's school district is Putnam County School District. Nearby schools include Capshaw Elementary School, Avery Trace Middle School and Cookeville High School. 507 Spring Street East is a 6-bed, 3-bath, 2,728 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skender-Newton Realty, Heather Skender-Newton (931.261.9001)

Based on information submitted to the MLS GRID as of 03/17/2026 08:08 AM. 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. IDX information 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.