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116 Summer St, 
Martin, TN 38237

$425,000


Bed


Bath


2,710

Sq Ft


Multi-Family

Active

Listed by

Dessie Hardee

RE/MAX Realty Source

731-668-7500

Last updated:

September 18, 2026, 02:22 PM

MLS#

3179490

Source:

NASHVILLE

About This Home

116 Summer St

Quadplex investment opportunity in Martin, TN, just minutes from UT Martin and conveniently located near shopping, dining, and everyday amenities. This fully renovated property features four units, including two spacious 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a versatile unit mix that appeals to a wide tenant base. Extensive renovations have been completed throughout all four units, making this a true turnkey opportunity. Exterior improvements include vinyl siding, replacement windows, updated lighting, fresh paint, and enhanced landscaping for strong curb appeal. Interior updates feature new paint, updated trim and doors, modern light fixtures, new mini blinds, and a combination of refinished hardwood floors and durable vinyl plank flooring in the kitchens, bathrooms, and hallways. Kitchens have been upgraded with new cabinetry, butcher block countertops in select units, and new stainless steel appliances, including stoves and refrigerators. Bathrooms have been refreshed with new vanities, fixtures, commodes, and tub surrounds. Major system updates include HVAC in all units, updated electrical with new panels and meters, and plumbing improvements, including new water heaters and updated lines where needed. The property also includes a finished shared laundry room with two new washers and two new dryers, adding convenience for tenants. Units 1 and 2 offer larger layouts with living rooms, dining areas, and additional space, while Units 3 and 4 provide efficient upper-level living with finished interiors. All four units are currently tenant-occupied, providing immediate rental income. Income-generating property with an 8 percent cap rate. A minimum of 24 hours’ notice is required for all showings. With strong rental demand driven by its proximity to UT Martin, this property is well-positioned for consistent occupancy and long-term returns. Large units, quality renovations, and a prime in-town location.

Home Facts

Multi-Family

Built in 1947

Subdivision & Development:

None

Price Summary

425,000

$156 per Sq. Ft.

MLS #:

3179490

Last Updated:

September 18, 2026, 02:22 PM

Added:

5 month(s) ago


Rooms & Interior

Interior

Living Area:

2,710 Sq. Ft.


Structure

Structure

Building Area:

2,710 Sq. Ft.

Year Built:

1947


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$156 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.