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Mixed-Use Property with Two Dwellings
For Sale
$499,000
Pending

1701 Dumplin Loop, New Market, TN 37820

Residential Income, New Market, TN

Property SizeContact for details
Lot Size1.70 Acres
Days on Market155

Property Features for 1701 Dumplin Loop

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 2
Fireplace 1
Appliances Electric Range, Refrigerator
High school Jefferson
Directions Take Exit 417 for TN-92 toward Dandridge/Jefferson City. Turn left onto TN-92 North and continue approximately 6-7 miles. Turn right onto US-11E / Asheville Hwy toward New Market. Continue on US-11E for about 5 miles. Turn left onto Dumplin Loop Rd. Continue to 1701 Dumplin Loop, New Market, TN 37820 -- destination will be on your left.
Standard status Pending
APN 073 06500 000
Lot size 1.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 833

Utilities

Utilities Water Available
Sewer type Septic Tank
Water source Public

Building Details

Year built 1950
Floors in Building 1
Number of units 4
Roof type Asphalt
Listing Agency: The Cate Group, Realty & Property Management LLC
Listed By: Amy Quarles Cate · License #323701
Added: May 6 Changed: Sep 16 Last Checked: Oct 7 at 6:06PM
MLS# 711468

Copyright © 2026 Lakeway Area 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 1.7-acre mixed-use property includes two dwellings and several distinct components. The first building contains approximately 700 square feet of retail space with a half bath, along with two one-bedroom, one-bathroom apartments rebuilt in 2022. Apartment features include refrigerators, stoves, washer and dryer hookups, LVP flooring, PEX plumbing, and plywood cabinetry; one unit also opens to a back deck. The building has a new HVAC system installed in Summer 2023 and approximately 8 parking spaces.

The second dwelling is a 2010 Clayton single-wide mobile home with approximately 1,216 square feet, 3 bedrooms, 2 bathrooms, central heat and air, front and rear decking, and a large yard. A new deck was added in Fall 2025. The property also includes a storage trailer, water available from a public source, and a septic tank. Space for several RV sites is described as possible, subject to buyer verification and local approval.

Key Highlights

  • 1.7‑acre mixed‑use property with commercial zoning
  • First building combines approximately 700 square feet of retail space with two apartments
  • Two apartments were completely rebuilt in 2022

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 37820, TN

7,991
Population
3,485
Households
2.3
Avg Household Size
44
Median Age
16%
College-Educated
89%
High-School Grad
67.6 sq mi
ZIP Area
118
Density / Sq Mi
$62,901
Median Household Income
$38,750
Median Earnings
$853
Median Rent
$193,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned acreage combines retail space, two apartments, and a three-bedroom mobile home.
Where is this mixed-use property located?
The property is located at 1701 Dumplin Loop New Market, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1.7‑acre mixed‑use property with commercial zoning; First building combines approximately 700 square feet of retail space with two apartments; Two apartments were completely rebuilt in 2022
More about this property
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