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.
Active
$499,900
116 Summer St, Martin, TN 38237
6beds
4baths
2,710sqft
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
- 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#: 3179490
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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
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $499,900-9.1%$184/sqft |
Source: | ||
| 3/7/2026 | Listing removed | $549,900$203/sqft |
Source: RRAR as distributed by MLS GRID #45799 Report a problem | ||
| 8/8/2025 | Listed for sale | $549,900+293.1%$203/sqft |
Source: RRAR as distributed by MLS GRID #45799 Report a problem | ||
| 8/28/2020 | Sold | $139,900-6.7%$52/sqft |
Source: Agent Provided Report a problem | ||
| 6/3/2020 | Listed for sale | $149,900+114.1%$55/sqft |
Source: RE/MAX UNITED, LLC #41761 Report a problem | ||
| 12/18/1992 | Sold | $70,000$26/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $33,993 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- NAMartin Primary SchoolGrades: PK-2Distance: 0.4 mi
- 7/10Martin Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10Westview High SchoolGrades: 9-12Distance: 2.7 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Weakley County
- Martin
- 38237
- 116 Summer St





