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    116 Summer St Martin, TN 38237

    For Sale
    $549,900

    Fourplex - Martin, TN

    Property size:
    2,710 SF
    Lot size:
    0.11 Acres
    Days on Market:
    104
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 116 Summer St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    028.00
    Size
    2,710 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    1947
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Tennessee United Real Estate, LLC (731) 588-4100

    Listing agent SHELIA BELL (731) 588-4100 License #258892

    Listing date Aug 25, 2025

    MLS# 45799 Listing URL

    Copyright © 2025 Reelfoot Regional Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Martin TN Fourplex For Sale

    This multifamily property features four rental units located just off University Street in Martin, Tennessee. The property includes both one and two-bedroom units, along with a community laundry room. The location is considered ideal for maintaining occupancy. The building has gas lines, and heaters might be able to be installed. Currently, there is an A/C unit. The lot size is 0.11 acres, and the living area totals 2710 square feet. Buyers are responsible for verifying the square footage and acreage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.851573
    Latitude
    36.340825

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in a prime location near University Street.
    Where is this quadplex located?
    The property is located at 116 Summer St Martin, TN.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Four rental units in one property.; - Prime location near University Street in Martin.; - Easy to rent due to ideal location.
    (731) 588-4100
    Request Owner's contact information
    116 Summer St Martin, TN 38237
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    Martin, TN 38237
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Summer St Martin, TN 38237
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