116 Summer St, Martin, TN 38237
Local realty services provided by:CENTURY 21 Premier
116 Summer St,Martin, TN 38237
$425,000
- - Beds
- - Baths
- 2,710 sq. ft.
- Multi-family
- Active
Listed by: dessie hardee
Office: re/max realty source
MLS#:3179490
Source:NASHVILLE
Price summary
- Price:$425,000
- Price per sq. ft.:$156.83
About this home
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-bedroom, 1-bath units and two 1-bedroom, 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 the kitchens, bathrooms, and hallways.
Kitchens have been upgraded with new cabinetry, butcher block countertops in select units, and new stainless steel 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 new washers and two new dryers, 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.
All four units are currently tenant-occupied, providing immediate rental income. Income-generating property with an 8 percent cap rate. A minimum of 24 hours’ notice is required for all showings. With strong rental demand driven by its 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....
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Home facts
- Year built:1947
- Subdivision & Development:None
- Listing ID #:3179490
- Added:145 day(s) ago
- Updated:September 13, 2026 at 02:34 PM
Rooms and interior
- Living area:2,710 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Heating
Structure and exterior
- Year built:1947
- Building area:2,710 sq. ft.
- Construction Materials:Brick, Vinyl Siding
- Levels:2 Story
Schools
- High school:Westview High School
- Middle school:Martin Middle School
- Elementary school:Martin Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$156.83
- Tax amount:$1,461
Features and amenities
- Amenities:Smoke Detector(s)
Parking
- Total parking spaces:4
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