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    311 Market St Somerville, TN 38068

    For Sale
    $775,000

    Apartment Complex - Somerville, TN

    Days on Market:
    26
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 311 Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3

    Building Details

    Year built
    1958
    Architectural style
    Other

    KAIZEN Realty (901) 221-4041 [email protected]

    Listing agent Jimmy Kennedy (901) 221-4041

    Listing date Nov 20, 2025

    MLS# 10201985 Listing URL

    Copyright © 2025 Memphis 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.

    Overview

    Somerville TN Apartment Complex

    This property features a 16-unit apartment complex located in Somerville, Tennessee. Each unit is individually metered and equipped with central heat and air. The property is currently 81% occupied.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Hardeman
    State
    Tennessee
    Longitude
    -89.353284
    Latitude
    35.244147

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    FAQs

    What type of property is this?
    Apartment building - 16-unit apartment complex in Somerville, Tennessee.
    Where is this apartment building located?
    The property is located at 311 Market St Somerville, TN.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - 16-unit apartment complex offers significant investment potential.; - Individually metered units simplify utility management and billing.; - Central heat and air conditioning in each unit enhances tenant comfort and property value.
    (901) 221-4041
    Request Owner's contact information
    311 Market St Somerville, TN 38068
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    Somerville, TN 38068
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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
    311 Market St Somerville, TN 38068
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