Renovated Four-Unit
For Sale
$425,000
116 Summer Street, Martin, TN 38237
Commercial Sale, Martin, TN
Property Size2,710 SF
Price / SF$156.83
Days on Market148
Property Features for 116 Summer Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi Unit.
Parking
4
Elementary school district
Weakley County
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
Standard status
Active
APN
072P A 028.00
Size
2,710 SF
Taxes and HOA fees
Tax Annual Amount
1461
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
shared laundry room
Building Details
Year built
1947
Floors in Building
2
Flooring type
Vinyl
Building materials
Brick, Vinyl Siding
Listing Agency:
RE/MAX Realty Source · RE/MAX International
(731) 668-7500
Listed By:
Dessie Hardee · License #328271
(731) 217-6358
Added: Apr 20
Changed: Sep 7
Last Checked: Sep 14 at 4:06AM
MLS# 2601776
Copyright © 2026 Central West Tennessee 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.
Investment Insights
Based on property information with market context.
This four-unit quadplex includes two 2-bedroom, 1-bath residences and two 1-bedroom, 1-bath residences. Units 1 and 2 provide larger layouts with living rooms and dining areas, while Units 3 and 4 offer efficient upper-level living spaces. Renovations include new paint, trim, doors, lighting, blinds, flooring, cabinetry, select butcher block countertops, stainless steel appliances, refreshed bathrooms, HVAC equipment, electrical panels and meters, water heaters, and plumbing improvements. Exterior work includes vinyl siding, replacement windows, updated lighting, fresh paint, and landscaping.
A finished shared laundry room includes two washers and two dryers. All four units are currently tenant-occupied, and the property is reported at an 8 percent cap rate. The quadplex is located in Martin near UT Martin, shopping, dining, and everyday amenities. Public water and public sewer serve the property, which was built in 1947 and has 2,710 square feet.
A finished shared laundry room includes two washers and two dryers. All four units are currently tenant-occupied, and the property is reported at an 8 percent cap rate. The quadplex is located in Martin near UT Martin, shopping, dining, and everyday amenities. Public water and public sewer serve the property, which was built in 1947 and has 2,710 square feet.
Key Highlights
- Four units: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- All four units are currently tenant‑occupied
- Reported 8 percent cap rate
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 38237, TN
15,826
Population
6,754
Households
2.3
Avg Household Size
32
Median Age
28%
College-Educated
92%
High-School Grad
138.1 sq mi
ZIP Area
115
Density / Sq Mi
$49,301
Median Household Income
$31,403
Median Earnings
$808
Median Rent
$194,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with updated interiors, shared laundry, and a diverse unit mix near UT Martin.
Where is this quadplex located?
The property is located at 116 Summer Street Martin, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; All four units are currently tenant‑occupied; Reported 8 percent cap rate
