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  • $499,900

    116 Summer St, Martin, TN 38237

    6beds
    4baths
    2,710sqft
    : 
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    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $184/sqft
    $-- HOA

    What's special

    Refinished hardwood floorsUpdated trim and doorsFresh paintNew paintVinyl sidingReplacement windowsNew mini blinds
    Quadplex investment opportunity in Martin, TN just minutes from UT Martin and conveniently located near shopping, dining, and everyday amenities. This fully renovated property features four units, including two spacious 2 bed 1 bath units and two 1 bed 1 bath units, offering a versatile unit mix that appeals to a wide tenant base. Extensive renovations have been completed throughout all four units, making this a true turnkey opportunity. Exterior improvements include vinyl siding, replacement windows, updated lighting, fresh paint, and enhanced landscaping for strong curb appeal. Interior updates feature new paint, updated trim and doors, modern light fixtures, new mini blinds, and a combination of refinished hardwood floors and durable vinyl plank flooring in kitchens, bathrooms, and hallways. Kitchens have been upgraded with new cabinetry, butcher block countertops in select units, and appliances including stoves and refrigerators. Bathrooms have been refreshed with new vanities, fixtures, commodes, and tub surrounds. Major system updates include HVAC in all units, updated electrical with new panels and meters, and plumbing improvements including new water heaters and updated lines where needed. The property also includes a finished shared laundry room with two washer hookups and two dryer hookups, adding convenience for tenants. Units 1 and 2 offer larger layouts with living rooms, dining areas, and additional space, while Units 3 and 4 provide efficient upper-level living with finished interiors. One unit is currently tenant-occupied (24-hour notice required), providing immediate income potential. With strong rental demand driven by proximity to UT Martin, this property is well-positioned for consistent occupancy and long-term returns. Large units, quality renovations, and a prime in-town location make this a standout addition to any investor's portfolio.
    67 days
    |
    121
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dessie Hardee 731-668-7500,

    RE/MAX Realty Source 731-668-7500

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3179490MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      Heating
      • Other
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Laundry: Common Area, Electric Dryer Hookup, Washer Hookup
      Interior area
      • Total structure area: 2,710
      • Total interior livable area: 2,710 sqft
      • Finished area above ground: 2,710

      Property

      Parking
      • Total spaces: 4
      • Parking features: Open
      • Uncovered spaces: 4
      Features
      • Levels: One
      • Stories: 2
      Lot
      • Size: 5,192 Square Feet
      • Dimensions: 88 x 59.0
      Details
      • Parcel number: 072P A 02800 000
      • Zoning: Commercial
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick, Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1947

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Martin

      Financial & listing details

      • Price per square foot: $184/sqft
      • Tax assessed value: $110,900
      • Annual tax amount: $1,461
      • Date on market: 4/20/2026
      • Inclusions: Other
      • Total actual rent: 4700
      • Tenant pays: Electricity, Gas, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/20/2026Listed for sale$499,900-9.1%$184/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3179490 Report a problem
        3/7/2026Listing removed$549,900$203/sqft
        Source: RRAR as distributed by MLS GRID #45799 Report a problem
        8/8/2025Listed for sale$549,900+293.1%$203/sqft
        Source: RRAR as distributed by MLS GRID #45799 Report a problem
        8/28/2020Sold$139,900-6.7%$52/sqft
        Source: Agent Provided Report a problem
        6/3/2020Listed for sale$149,900+114.1%$55/sqft
        Source: RE/MAX UNITED, LLC #41761 Report a problem
        12/18/1992Sold$70,000$26/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,461 +9.1%$44,360
        2024$1,339 $44,360
        2023$1,339 +1%$44,360 +24.7%
        2022$1,325 $35,560
        2021$1,325 $35,560
        2020$1,325 +78.4%$35,560 +61.6%
        2019$743 $22,000
        2018$743 +17.2%$22,000 +25.9%
        2017$634 0%$17,480
        2016$634 $17,480 +0.1%
        2015$634 $17,464
        2014$634 $17,464
        2013$634 -0.5%$17,464
        2012$637 +7.9%$17,464 +4.7%
        2011$591 $16,687
        2010$591 $16,687
        2009$591 $16,687
        2008$591 -18.1%$16,687 -7.2%
        2007$721 +19.8%$17,974 +13.8%
        2006$602 +0.3%$15,792 +0.3%
        2005$600 $15,740
        2004$600 +3.8%$15,740
        2002$578 $15,740
        2001-- $15,740 -53.7%
        2000-- $33,993

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 38237

          Getting around

          58 / 100
          Somewhat Walkable
          48 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Martin Elementary
          • Middle: Martin Middle School
          • High: Westview High School

          Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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