116 Summer St
Martin, TN, 38237 $ 499,900
Bedrooms6 Baths4.0 Sq 2,710 Monthly Estimate*
$ 3,078
for $499,900 with 6 bedrooms and 4 full baths. This 2,710 square foot home was built in 1947.
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.
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FeaturesGeneralLiving Area 2710
Sewer Public Sewer
Heating Other
Cooling Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Zoning Commercial
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Brick Vinyl Siding
Year Built 1947
Tenant Pays Cable TV Electricity Gas Water
Stories Count 2
Levels One
Gross Income 600
County Weakley County TN
Net Operating Income 600
Operating Expense 0
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name None
Garage Y/N N
Rent Includes None
Status Active
Directions Head north on US-45E N Continue onto US-45E BUS N 2.0 mi Turn right onto Park St 0.1 mi Turn left onto Summer St Destination will be on the right 116 Summer St Martin TN 38237
High School Westview High School
City Martin
Senior Community Y/N N
Open Parking Spaces 4
Number Of Units Total 4
Lot Size Units Acres
Elementary School Martin Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1461
Middle/Junior High School Martin Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 4700
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InteriorFlooring Luxury Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2710
Laundry Features Share Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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ExteriorWater Source Public
Total Parking 4
Inclusions Other
Building Area Total 2710
Lot Dimensions 88X59.0
Waterfront Y/N N
Covered Spaces 0
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* Excluded FeaturesList ByRe/Max Realty SourceBroker
dessiehardee@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,078
- Monthly Property Taxes
- $122
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Martin, TN
Average List Price $2,324,950
Percent of Sale Price 365%
About Martin, TN 11,082 Population
6% Since 2002
$ 30,613 Median Income
26.19 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3568774 Elementary School
3568773 Middle School
Westview High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/20/2026 | $499,900 | | Listed Price |