PENDING
$140K PRICE DROP
109 K St Martin, TN 38237
Estimated payment $2,852/month
Total Views
40,740
--
Bed
--
Bath
4,702
Sq Ft
$104
Price per Sq Ft
Highlights
- Covered Patio or Porch
- Forced Air Heating and Cooling System
- 1-Story Property
- Luxury Vinyl Tile Flooring
- Ceiling Fan
About This Home
Welcome to 109 K St., Martin, TN - a unique 6-unit apartment complex just minutes from the University of Tennessee at Martin. Once a local church, this property has been thoughtfully transformed into a thriving multifamily residence with strong rental history and modern updates throughout.
Each of the six units features 2 bedrooms, 1 bathroom, and convenient in-unit laundry, offering comfort and functionality for tenants. Major renovations include new plumbing, updated flooring, stylish fixtures, and numerous additional improvements that have revitalized the property from top to bottom.
All units are currently leased, generating a total monthly income of $7,030. With utilities included in the rent and paid by the seller, this turn-key investment is not only fully occupied but also highly desirable among renters. The property also offers open parking and a large lot, providing ample space for residents.
Whether you're looking to grow your investment portfolio or step into multifamily real estate ownership, 109 K St. is a rare opportunity in a high-demand rental market near a major university.
Don't miss your chance to own this one-of-a-kind income-producing property—schedule your showing today!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,247
Year Built
- Built in 1900
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 4,702 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Washer and Electric Dryer Hookup
Kitchen
- Electric Oven
- Range with Range Hood
Flooring
- Carpet
- Luxury Vinyl Tile
- Vinyl
Parking
- 10 Parking Spaces
- 10 Open Parking Spaces
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Electric Water Heater
Listing and Financial Details
- The owner pays for all utilities, grounds care, trash collection
- Assessor Parcel Number 072I H 002.00
Community Details
Building Details
- 6 Leased Units
- 3 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Lease
Additional Features
- 3 Units
- Building Fire Alarm
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Pending | -- | -- | -- |
| 08/16/2025 08/16/25 | Price Changed | $490,000 | -6.7% | $104 / Sq Ft |
| 08/09/2025 08/09/25 | Price Changed | $525,000 | -1.9% | $112 / Sq Ft |
| 07/25/2025 07/25/25 | Price Changed | $535,000 | -2.7% | $114 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $550,000 | -6.1% | $117 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $585,500 | -7.0% | $125 / Sq Ft |
| 05/04/2025 05/04/25 | For Sale | $629,900 | +173.9% | $134 / Sq Ft |
| 01/19/2024 01/19/24 | Sold | $230,000 | +4.5% | $49 / Sq Ft |
| 12/22/2023 12/22/23 | Pending | -- | -- | -- |
| 12/08/2023 12/08/23 | For Sale | $220,000 | +158.8% | $47 / Sq Ft |
| 11/19/2020 11/19/20 | Sold | $85,000 | -14.1% | $18 / Sq Ft |
| 08/16/2016 08/16/16 | For Sale | $99,000 | -- | $21 / Sq Ft |
Source: Central West Tennessee Association of REALTORS®
About the Listing Agent
As a lifelong Tennessee resident, Dylan Jones has a deep-rooted passion for helping individuals and families achieve their real estate dreams. Whether you're a seller looking maximize your investment, a growing family in need of more space, or a first time homebuyer, Dylan is committed to making the process smooth, successful, and stress-free.
Dylan’s journey into real estate began at a young age, but his drive and determination sets him apart. Before becoming a realtor, he gained
Dylan's Other Listings
Source: Central West Tennessee Association of REALTORS®
MLS Number: 2501987
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