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116 Summer StMartin, TN 38237

None · Weakley County

$425,000List price
2,710Sq Ft
1947Year built
2Stories
5 months agoOn market

Description

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.

Property Information

Property type
Residential Income
Sub-type
Quadruplex
Structure type
Quadruplex
Year built
1947
Stories
2
Living area
2,710 Sq Ft
Lot dimensions
88X59.0
Parking spaces
4
Zoning
Commercial
Days on market
169
MLS® Listing#
3179490

Property Features

Cooling
Wall/Window Unit(s)
Heating
Other
Laundry
Common Area · Electric Dryer Hookup · Washer Hookup
Construction
Brick · Vinyl Siding
Security
Smoke Detector(s)
Utilities
Water Available
Sewer
Public Sewer
Water source
Public

Schools

Elementary
Martin Elementary
Middle
Martin Middle School
High
Westview High School

Financial Details

HOA
None
Annual taxes
$1,461
Parcel number
072P A 02800 000

Directions

Head north on US-45E N Continue onto US-45E BUS N 2.0 mi Turn right onto Park St 0.1 mi Turn left onto Summer St Destination will be on the right 116 Summer St Martin, TN 38237

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Listing Courtesy: RE/MAX Realty Source - 7316687500

Based on information submitted to the MLS GRID as of 2026-04-20 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-04-20

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