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    Mercer, TN
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    Mercer, TN Multifamily Properties for Sale

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    Historic Restaurant Building
    Updated: Jun 9
    Historic Restaurant Building

    1704 Tennessee 138, Mercer, TN 38392

    $340,000
    4,000 sqft
    Historic 4,000 SF building (brick construction) built in 1920
    Fully furnished and set up for restaurant startup
    Central heating and central air
    Roofing includes rubber roof
    Public water and septic tank sewer service
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    This listing looks promising.

    Here's a quick look at some key insights for

    1704 Tennessee 138, Mercer, TN 38392

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $295K
      Suggested

    • Last Sold

      Dec 2018
      $30K

    • Property Type

      Retail Stores
      Built 1920
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mercer, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Unit Duplex With Hardwood Floors
    Two-Unit Duplex With Hardwood Floors

    929 E College Street, Brownsville, TN 38012

    $190,000
    1,617 sqft 0.25 AC lot

    Two identical sides each feature two bedrooms, a living room, and hardwood floors, making it a straightforward rental setup.

    View details
    Renovated Duplex with Washer/Dryer Connections
    Renovated Duplex with Washer/Dryer Connections

    81 Carolane Drive, Jackson, TN 38305

    $224,900
    2,204 sqft

    Two-sided duplex with 2 bedrooms and 1 full bath per unit, renovated within the last five years.

    View details
    Duplex in North Jackson
    Duplex in North Jackson

    36 Carolane Drive, Jackson, TN 38305

    $239,900
    2,418 sqft

    Well-maintained duplex with recent renovations and immediate cash flow.

    View details
    Brownsville Duplex with Hardwood Floors
    Brownsville Duplex with Hardwood Floors

    929 E College Street, Brownsville, TN 38012

    Contact for pricing

    Duplex in Brownsville featuring hardwood floors and recent roof.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land in Gibson County
    Land in Gibson County

    Booth, Humboldt, TN 38343

    Contact for pricing
    1.00 AC lot

    One acre lot suitable for building a home.

    View details
    Huron, TN Wooded Land
    Huron, TN Wooded Land

    1070 Pollock Road, Huron, TN 38345

    $55,000
    5.04 AC lot

    5 acre wooded lot ready for your dream home.

    View details
    Level Residential Lot for Sale
    Level Residential Lot for Sale

    37 Pin Oak Road, Michigan City, MS 38647

    $35,000
    1.51 AC lot

    Level residential lot in Bryan Road Farms with mobile home approval and owner financing options.

    View details
    Level Residential Land Lot
    Level Residential Land Lot

    20 Pin Oak Road, Michigan City, MS 38647

    $35,000
    1.59 AC lot

    A level lot in Bryan Road Farms with mobile home approval, convenient to Hwy 72 and Hwy 302.

    View details

    Mercer, TN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Mercer, TN on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $340,000.

    Sale prices for multifamily properties in Mercer, TN average $340,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 736
    Population Growth (5Y) +24.1%
    Median Household Income $52,188
    College Educated 21.6%

    High-Yield Neighborhoods for Investment

    Identify Mercer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38392 $350K

    Taxes & Financing

    Tax Rate (average for all types) 1.87%
    Property Tax per SF $46.88 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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