$425,000
Original price: $449,900
6 Beds
4 Baths
2,710 sqft
116 Summer St, Martin, TN 38237
Est. Mortgage $2,476/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1947
$157/sqft
4 Open Spaces
Local Information
- Map ViewExplore the area around 116 Summer St.
- Schools5 Preschool Schools7 Elementary Schools5 Middle Schools5 High Schools
- Shop & Eat
-- mins to
About this House
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 bed 1 bath units and two 1 bed 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 kitchens, bathrooms, and hallways. Kitchens have been upgraded with new cabinetry, butcher block countertops in select units, and 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 washer hookups and two dryer hookups, 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. One unit is currently tenant-occupied (24-hour notice required), providing immediate income potential. With strong rental demand driven by 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 make this a standout addition to any investor's portfolio.
Last check for updates: about 5 hours ago
Listing Provided by: Dessie Hardee
RE/MAX Realty Source, (731) 668-7500
Source: RealTracs MLS as distributed by MLS GRID, MLS#3179490
Also Listed on RealTracs MLS as distributed by MLS GRID.
Home Details for 116 Summer St
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 2710 Square Feet |
Appliances & Utilities Utilities: Water AvailableLaundry: Common Area,Electric Dryer Hookup,Washer Hookup |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: Wall/Window Unit(s)Has Heating |
Windows, Doors, Floors & Walls Flooring: Luxury Vinyl |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Luxury Vinyl |
View No View |
Security Security: Smoke Detector(s) |
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Exterior Home Features No Private Pool |
Parking & Garage Open Parking Spaces: 4No GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: Open |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2710 Square Feet |
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Days on Market: 137 |
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Year Built Year Built: 1947 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: QuadruplexArchitecture: Quadruplex |
Building Construction Materials: Brick, Vinyl SidingNot a New ConstructionAttached To Another Structure |
Property Information Included in Sale: OtherParcel Number: 072P A 02800 000 |
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Price List Price: $425,000Price Per Sqft: $157 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: MartinCommunity: None |
School Information Elementary School: Martin ElementaryJr High / Middle School: Martin Middle SchoolHigh School: Westview High School |
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Listing Agent Listing ID: 3179490 |
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Building Area Building Area: 2710 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 5192 sqft |
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Special Conditions: Standard |
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Expense Tenant Pays: Electricity, Gas, Water |
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Mls Number: 3179490Above Grade Unfinished Area: 2710 |
Around this home
- Dresden Elementary School
- PK-4
- Public
- 440 Students
9/10GreatSchools RatingParent Rating AverageGet rid of the principal then this school may have a chance. Ive had nothing but problems this year now they are threatening to keep my child an extra year. Ill take him out of public school before I deal with this school another yearParent Review5mo ago - Gleason School
- PK-12
- Public
- 393 Students
6/10GreatSchools RatingParent Rating AverageThis school gave me everything I needed. Gleason prepared me for college while emphasizing key elements like responsibility and self-integrity. You cannot beat the “community” feel you get from being apart of the school.Other Review7y ago - Greenfield School
- PK-12
- Public
- 454 Students
7/10GreatSchools RatingParent Rating AverageThis school hires and keeps inept teachers. They do not reach for student engagement and only focus on test numbers that are quite arbitrary. This school ignores threats made to gay students (myself) that involved bodily harm and even death. The facility staff violated do not contact orders on numerous occasions, and the staff only communicated with my father (the person who wasn’t supposed to know anything about my) to notify him that I am homosexual, which jeopardized my safety at home. This school will destroy your/your child’s mental state then punish the student for underperformingOther Review1y ago - Sharon School
- PK-8
- Public
- 190 Students
5/10GreatSchools RatingParent Rating AverageWe have had 2 of our daughters at this school, one being special needs. The entire staff has been amazing with both of our kids. The small class sizes has help our daughter who was behind succeed where she would have been left behind in a larger school. The low score for the school is a reflection of it being so small and how testing is conducted not the results for the students.Parent Review3y ago - Martin Primary School
- PK-2
- Public
- 470 Students
NAGreatSchools RatingParent Rating Average
No reviews available for this school.
What Locals Say about Martin
At least 26 Trulia users voted on each feature.
91 % Say car is needed
85 % Say parking is easy
68 % Say there's holiday spirit
68 % Say yards are well-kept
65 % Say it's dog friendly
60 % Say it's quiet
58 % Say kids play outside
53 % Say streets are well-lit
50 % Say neighbors are friendly
48 % Say people would walk alone at night
45 % Say there's wildlife
43 % Say it's walkable to restaurants
42 % Say there are sidewalks
40 % Say they plan to stay for at least 5 years
34 % Say there are community events
20 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
Market trends in Martin
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
52
4MoM
Home Value
Trulia Estimate
$404KSince last month
Increased$8K (+1.9%)Since last year
Decreased$97K (-19.1%)Since last sale
Increased$272K (+194.1%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +802% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $411K |
| August 2026 | $404K |
| June 2026 | $414K |
| May 2026 | $463K |
| April 2026 | $481K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.38 | Multi-Family Home | $121,550 | 10/31/25 | 5 | 3 | 2,691 | |
0.27 | Multi-Family Home | $260,000 | 05/22/26 | - | 2,592 | ||
0.48 | Multi-Family Home | $163,000 | 02/27/26 | - | 1,988 | ||
0.46 | Multi-Family Home | $365,000 | 06/29/26 | - | 2,890 | ||
0.51 | Multi-Family Home | $117,000 | 04/16/26 | - | 1,604 | ||
0.40 | Multi-Family Home | $445,000 | 09/24/25 | - | 4,702 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $179,900 | 2 | 1 | 896 | For Sale | |
0.04 | $126,300 | 4 | 2 | 1,495 | Off Market | |
0.07 | $199,900 | 2 | 2 | 1,147 | For Sale | |
0.04 | $32,500 | - | - | - | For Sale | |
0.04 | $32,500 | - | - | - | For Sale | |
0.15 | $90,000 | - | - | - | Recently Sold | |
0.13 | $121,900 | 2 | 1 | 1,008 | Off Market | |
0.15 | $169,900 | 3 | 2 | 1,496 | For Sale | |
0.19 | $177,200 | 4 | 2 | 2,354 | Off Market | |
0.16 | $192,000 | 4 | 2 | 2,575 | Recently Sold | |
0.18 | $156,000 | 2 | 1 | 1,359 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 31, 2026 Source: RealTracs MLS as distributed by MLS GRID #3179490 | PriceChange | $425,000 Price decreased by 6% |
Jun 27, 2026 Source: RealTracs MLS as distributed by MLS GRID #3179490 | PriceChange | $449,900 Price decreased by 10% |
Apr 20, 2026 Source: RealTracs MLS as distributed by MLS GRID #3179490 | Listed For Sale | $499,900 |
Mar 7, 2026 Source: RRAR as distributed by MLS GRID #45799 | ListingRemoved | $549,900 |
Aug 8, 2025 Source: RRAR as distributed by MLS GRID #45799 | Listed For Sale | $549,900 |
Aug 28, 2020 Source: N/A | Sold | $139,900 |
Jun 3, 2020 Source: Agent Provided | Listed For Sale | $149,900 |
Dec 18, 1992 Source: N/A | Sold | $70,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,461 | $110,900 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Dessie Hardee, RE/MAX Realty Source, (731) 668-7500
Based on information submitted to the MLS GRID as of 2026-09-04 15:18:23 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 116 Summer St
- What is the estimated monthly payment for 116 Summer St?Based on a $425,000 list price with 20% down at today's rates, the estimated monthly payment for 116 Summer St in Martin, TN is approximately $2,502 (about $2,236 principal & interest, $191 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Martin?Residents describe Martin, TN as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Martin, TN.
- What are the closest schools to 116 Summer St?The closest schools to 116 Summer St in Martin, TN are Dresden Elementary School (Pre-K, rated 9/10), Dresden High School (rated 7/10), Dresden Middle School (Elementary, rated 8/10).
- What is 116 Summer St estimated to be worth?Trulia's estimated value for 116 Summer St in Martin, TN is $403,800.
- Does 116 Summer St have air conditioning?Yes, 116 Summer St in Martin, TN has air conditioning.
- Does 116 Summer St have laundry facilities?Yes, 116 Summer St in Martin, TN has laundry facilities.
116 Summer St, Martin, TN 38237 is a 6 bedroom, 4 bathroom, 2,710 sqft multi-family built in 1947. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Apr 20, 2026. The MLS # for this home is MLS# 3179490.