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    Mercer, TN
    Residential Income

    Mercer, TN Residential Income 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

    • Mortgage

      $32K
      Nov 1996

    • 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
    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
    Turnkey Duplex Ready for Rental
    Turnkey Duplex Ready for Rental

    421 Hollywood Drive, Jackson, TN 38301

    $221,000
    1,822 sqft

    Income-producing duplex ideal for short-term rentals or long-term tenants.

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

    929 E College Street, Brownsville, TN 38012

    $190,000

    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.

    Mercer, TN 5.18 Acre Land
    Mercer, TN 5.18 Acre Land

    138 Highway, Mercer, TN 38392

    $69,500
    5.18 AC lot

    5.18 acre tract with frontage on Hwy 138.

    View details
    Land in Growing Denmark Community
    Land in Growing Denmark Community

    1793 BRITTON Ln, Denmark, TN 38391

    $60,500
    7.60 AC lot

    7.6 acres in an up-and-coming area near historic site.

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    Residential Land in Madison County
    Residential Land in Madison County

    MOUNT PINSON Road, Jackson, TN 38301

    Contact for pricing
    1.00 AC lot

    One acre lot ready for development near South Jackson.

    View details
    Bolivar, TN Wooded Land
    Bolivar, TN Wooded Land

    CEDAR GROVE Loop lot: 63, Bolivar, TN 38008

    Contact for pricing
    0.94 AC lot

    0.94 acres of wooded land in Bolivar, Tennessee.

    View details

    Mercer, TN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 $350,000.

    Sale prices for residential income properties in Mercer, TN start at $350,000, averaging $350,000, and reaching up to $350,000 — 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

    Multifamily properties 1
    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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