Exceptional Income-Producing Investment Opportunity! This well-maintained 36-unit apartment community is ideally located in the heart of Martin, Tennessee, just 1.2 miles from the University of Tennessee at Martin. Positioned in a thriving college town with strong, consistent rental demand, this property offers an outstanding opportunity to expand or strengthen your investment portfolio.
The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property.
With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add investment in a desirable university market, this property is an opportunity you won't want to miss.
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Zillow last checked:
Listing updated:
Listed by:
Jessica Stanfield931-209-2819,
Tennessee Property Group931-264-8219
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3276724
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Central
Cooling
Central Air
Appliances
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
Flooring: Carpet, Laminate
Interior area
Total structure area: 870
Total interior livable area: 870 sqft
Finished area above ground: 870
Property
Features
Levels: Two
Stories: 2
Details
Parcel number: 078 03910 000
Zoning: Commercial
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Aluminum Siding, Brick
Condition
New construction: No
Year built: 1995
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Water Available
Community & HOA
HOA
Has HOA: No
Location
Region: Martin
Financial & listing details
Price per square foot: $4,482/sqft
Tax assessed value: $1,557,600
Annual tax amount: $20,517
Date on market: 7/13/2026
Inclusions: Negotiable
Total actual rent: 3600
Tenant pays: Electricity, Water
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/13/2026
Listed for sale
$3,899,500-6%$4,482/sqft
Source: RealTracs MLS as distributed by MLS GRID #3276724Report a problem
7/1/2026
Listing removed
$4,150,000$4,770/sqft
Source: RealTracs MLS as distributed by MLS GRID #3059099Report a problem
2/19/2026
Price change
$4,150,000-2.4%$4,770/sqft
Source: RealTracs MLS as distributed by MLS GRID #3059099Report a problem
12/6/2025
Listed for sale
$4,250,000+56%$4,885/sqft
Source: RealTracs MLS as distributed by MLS GRID #3059099Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.