Purpose-Built Student Housing Apartment
For Sale
Contact for pricing
Pending
237 W Peach St, Martin, TN 38237
96-unit student housing property adjacent to the University of Tennessee at Martin, renovated in 2015 with amenities.
Property SizeContact for details
Days on Market123
Property Features for 237 W Peach St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
89%
Additional Details
Multifamily Units
96
Building Details
Year Renovated
2015
Listing Agency:
Triad Real Estate Partners
Listed By:
Sean Lyons · License #IL 475145639
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 9 at 11:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triad Real Estate Partners
Investment Insights
Based on property information with market context.
The Station at Martin is a 96-unit apartment community designed for student living, configured as 4-bedroom/4-bath apartments totaling 384 beds. Public remarks indicate the property completed a light renovation in 2015 and features a full suite of amenities. According to the provided information, occupancy for the 2017–18 period is 89% pre-leased, with projected occupancy in the 88%–90% range.
The property is located adjacent to the University of Tennessee at Martin and is described as the only purpose-built student housing serving the school. Public remarks also note limited market competition, even amid depressed enrollment.
Management is handled by a third-party national firm with full payroll and marketing, per the provided information. The seller’s remarks further state there is little to no deferred maintenance and that unit tiers are designed to offer a range of options for different budgets.
The property is located adjacent to the University of Tennessee at Martin and is described as the only purpose-built student housing serving the school. Public remarks also note limited market competition, even amid depressed enrollment.
Management is handled by a third-party national firm with full payroll and marketing, per the provided information. The seller’s remarks further state there is little to no deferred maintenance and that unit tiers are designed to offer a range of options for different budgets.
Key Highlights
- 96‑unit student housing community with 4 bed/4 bath apartment layouts totaling 384 beds
- Located adjacent to the University of Tennessee at Martin and serves as the only purpose‑built student housing for the school
- Light renovation completed in 2015
Property Analytics
Current Use
Lease Details
96
Residential units
89%
Occupancy
Location Intelligence
Trade Area within ½ mile
281
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 96-unit student housing property adjacent to the University of Tennessee at Martin, renovated in 2015 with amenities.
Where is this apartment building located?
The property is located at 237 W Peach St Martin, TN.
What are key features of this property?
This property features: 96‑unit student housing community with 4 bed/4 bath apartment layouts totaling 384 beds; Located adjacent to the University of Tennessee at Martin and serves as the only purpose‑built student housing for the school; Light renovation completed in 2015
