Mixed-Use Income
For Sale
$499,000
Pending
1701 Dumplin Loop, New Market, TN 37820
MULTI_FAMILY - New Market, TN
Property SizeContact for details
Lot Size1.70 Acres
Days on Market109
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
Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5
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
(865) 350-6411
Listed By:
Amy Quarles Cate · License #323701
(865) 389-3517
Added: May 6
Changed: Aug 6
Last Checked: Aug 22 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 mixed-use income property includes a commercial retail space and two residential apartments in the first building. The retail area is served with a half bath, and the three-unit setup is supported by one main HVAC system, with the third unit using a portable/window AC unit. The two residential apartments were completely rebuilt from the ground up in 2022, and each unit includes 1 bedroom and 1 bathroom, with a refrigerator, stove, and washer/dryer hookups. One apartment also has access to a back deck. A new HVAC system was installed in summer 2023.
The second dwelling is a 2010 Clayton single-wide mobile home with central heat and air, front and back decking, and a large yard area. It offers 3 bedrooms and 2 bathrooms and is currently rented. The property is also described as having approximately 8 parking spaces, a storage trailer, and exterior improvements including a new deck installed in fall 2025.
Existing units are currently rented, with each apartment listed at $800 per month and the mobile home rented at $800 per month. The retail space is described as having projected rental income potential, and the mobile home is noted to have estimated market rent potential, subject to buyer verification and local approval for any additional RV site use.
The second dwelling is a 2010 Clayton single-wide mobile home with central heat and air, front and back decking, and a large yard area. It offers 3 bedrooms and 2 bathrooms and is currently rented. The property is also described as having approximately 8 parking spaces, a storage trailer, and exterior improvements including a new deck installed in fall 2025.
Existing units are currently rented, with each apartment listed at $800 per month and the mobile home rented at $800 per month. The retail space is described as having projected rental income potential, and the mobile home is noted to have estimated market rent potential, subject to buyer verification and local approval for any additional RV site use.
Key Highlights
- Mixed‑use property with commercial‑zoned retail space plus two residential apartments and a separate mobile home
- Built in 1950: includes approx. 700 SF retail space with half bath and projected rental income of $800 to $1,200 per month
- Two apartments rebuilt in 2022 (each 1 bed / 1 bath) with refrigerators, electric stoves, and washer/dryer hookups; both currently rented at $800 per month each
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Commercial-zoned property with retail space and two rented residential units, plus recent HVAC and rebuilding updates.
Where is this quadplex 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: Mixed‑use property with commercial‑zoned retail space plus two residential apartments and a separate mobile home; Built in 1950: includes approx. 700 SF retail space with half bath and projected rental income of $800 to $1,200 per month; Two apartments rebuilt in 2022 (each 1 bed / 1 bath) with refrigerators, electric stoves, and washer/dryer hookups; both currently rented at $800 per month each
