- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$425,000
Monthly Est:$2,115
6 Beds
4 Baths
2,710sqft
116 Summer St, Martin, TN 38237
$425,000
$2,115/moEst:
Get Pre-Approved
Multi Family
Built in 1947
$-- HOA
-- sqft lot
$157/sq.ft
Description
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.
- Houzeo last checked: 8 minutes ago
- Listing updated: September 7, 2026 at 2:13 pm
- Listing Provided by: Dessie Hardee (731) 217-6358 DRE #328271 | RE/MAX Realty Source (731) 668-7500
- Source: Nashville (RealTracs Mid) MLS-TN | MLS#: 3179490
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1947
HOA Fees
-
Finished Area
2,710 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3179490
MLS Status
Active
Days on Market
173
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Sewer
Public Sewer
Flooring
Luxury Vinyl
Cooling
Wall/window Unit(s)
Heating
Other
Construction
Year Built
Year Built: 1947
Home type
Multi Family
Construction Materials
Brick, Vinyl Siding
Utilities & Energy
Security Features
Smoke Detector(s)
Laundry Features
Share, Electric Dryer Hookup, Washer Hookup
Water Source
Public
Utilities
Water Available
Other Features
Subdivision Name
None
Tenant Pays
Cable Tv, Electricity, Gas, Water
Price History
| Date | Event | Price |
|---|---|---|
06/27/2026 Source: | Price Decreased | $449,900 -10.00% $166/sqft |
04/20/2026 Source: | Price Increased | $499,900 +17.62% $184/sqft |
04/20/2026 Source: | Listed for Sale | $425,000 $157/sqft |
Find Homes by Property Features in Martin, TN
Based on information from Realtracs® through Oct 11, 2026, 09:00PM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.