Excellent income-producing mixed-use investment opportunity located at 1701 Dumplin Loop, / 1878 W Dumplin Valley Rd New Market TN 37820. This versatile commercial-zoned property offers two dwellings, multiple rental income streams, and future expansion potential.
The first building, originally built in 1950, consists of a commercial retail space and two residential apartments. The commercial space offers approximately 700 square feet with a half bath and has a projected rental income potential of approximately $800 to $1,200 per month.
The two residential apartments were completely rebuilt from the ground up in 2022. Each apartment features 1 bedroom, 1 bathroom, refrigerator, stove, washer and dryer hookups, LVP flooring, PEX plumbing, and plywood cabinetry. One apartment also has access to a back deck. Both apartments are currently rented for $800 per month each.
The building is serviced by one main HVAC system for all three units, with the third unit also utilizing a portable/window AC unit. The property includes approximately 8 parking spaces.
A new HVAC system installed in Summer 2023.
The second dwelling is a 2010 Clayton single-wide mobile home offering approximately 1,216 square feet with 3 bedrooms and 2 bathrooms. The home features central heat and air, front and back decking, and a large yard area. The mobile home is currently rented for $800 per month, with estimated market rent potential closer to $1,200 to $1,350 per month. Additional exterior improvements include a new deck installed in Fall 2025.
The property also includes a storage trailer and offers possible space for several RV sites, subject to buyer verification and local approval.
With commercial zoning, strong existing rental income, major system updates, and future development possibilities, this property presents an outstanding opportunity for investors, business owners, or owner-operators looking for flexible use potential in a growing area.
For sale
$499,000
1701 Dumplin Loop, New Market, TN 37820
5beds
--sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Front and back deckingStorage trailerLarge yard areaPlywood cabinetryLvp flooringCentral heat and air
- 54 days |
- 196 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Amy Quarles Cate 865-389-3517,
The Cate Group, Realty & Property Management LLC 865-350-6411
Source: Lakeway Area AOR,MLS#: 711468
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Metal
Interior area
- Finished area above ground: 3,016
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.7 Acres
Details
- Parcel number: 073 06500 000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: New Market
Financial & listing details
- Annual tax amount: $832
- Date on market: 5/11/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,446/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $499,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/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: 37820
Nearby schools
GreatSchools rating
- 7/10Piedmont Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 5/10Jefferson Middle SchoolGrades: 6-8Distance: 7.7 mi
- NAJefferson County Adult High SchoolGrades: 11-12Distance: 5.2 mi
Schools provided by the listing agent
- High: Jefferson
Source: Lakeway Area AOR. 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.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Jefferson County
- New Market
- 37820
- 1701 Dumplin Loop









