$180,762
SOLD MAY 8, 2025

120 Hannings Ln Martin, TN 38237

-- Bed
-- Bath
3,297 Sq Ft
0.54 Acres

Recently Sold

$55 Per Sq Ft

9% Below List Price

19 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Central Heating

About This Home

As of May 2025

Talk about location!! Check out this fully occupied tri-plex at 120 Hannings Lane in Martin, TN! Located right across the road from UTM, this property is a prime investment with steady rental income potential. Whether you're looking to expand your portfolio or start your investment journey, this location is unbeatable!

Last Agent to Sell the Property

Logan Diebold

Wendell Alexander Realty License #358982 Listed on: 03/20/2025

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1950

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,297 Sq Ft Home
  • 2-Story Property
  • Basement

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • 6 Open Parking Spaces

Additional Features

  • Front Porch
  • 0.54 Acre Lot
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,975
  • The owner pays for all utilities
  • Assessor Parcel Number 073N A 024.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,338

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • Property Sub-Type: Triplex
  • PropertyType: Residential Income
  • ResoCommunityFeatures: Sidewalks, Street Lights
  • ResoLaundryFeatures: Electric Dryer Hookup, Main Level, Upper Level, Washer Hookup
  • Lot Size Acres: 0.54
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 731-364-5368
  • MLS Status: Closed
  • Unit Levels: Two
  • Location Tax and Legal:Tax Annual Amount: 1337.58
  • Location Tax and Legal Parcel Number2: 073N A 024.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Acres: 0.54
  • General Property Information Lot Size Dimensions: 0.54
  • Location Tax and Legal Zoning Description2: n
  • General Property Information Basement YN: Yes
  • General Property Information:Stories Total: 2
  • Currently Not Used Association YN: No
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features:Main Level: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information Building Area Total2: 3427.0
  • Currently Not Used Heating YN: Yes
  • Roof:Shingle2: Yes
  • Levels:Two: Yes
  • Parking Information Open Parking YN: Yes
  • Parking Information Open Parking Spaces4: 6.0
  • General Property Information Auction YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Number Of Units Total2: 3.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Units Furnished: All Units
  • Unit Details Number Of Units Leased: 3
  • Owner Pays:All Utilities: Yes
  • Meter Information Number Of Separate Electric Meters: 1
  • Meter Information Number Of Separate Gas Meters: 1
  • Meter Information Number Of Separate Water Meters: 1
  • Laundry Features:Upper Level: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement YN: Yes
  • Stories: 2
  • ResoLivingAreaSource: Assessor
  • Community Features:Street Lights: Yes
  • Community Features:Sidewalks: Yes
  • 1-Bedroom Unit Details Furnished3: Negotiable

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick
  • Patio And Porch Features: Front Porch, Rear Porch
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Rear Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Open
  • Total Parking Spaces: 6.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 6.0
  • Parking Features:Open: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 073N A 024.00
  • Lot Dimensions: 0.54
  • Lot Size Sq Ft: 23522.4
  • ResoLotSizeUnits: Acres
  • Zoning Description: n
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: All Units
  • Electric Expense: 314.0
  • Number Of Units Leased: 3
  • Total Actual Rent: 1975.0

Tax Info

  • Tax Annual Amount: 1337.58

Similar Home in Martin, TN

  • 107 Ryan St, Martin, TN 38237

    $169,900

    • 3 Beds
    • 1,654 Sq Ft
    • 107 Ryan St
    • Martin, TN

    Investment Opportunity! Triplex in Martin. 1BR, 1BA per apartment. Close to downtown. Detached garage. 2 bays and storage. Window units for air. Apartment A has gas ventless heat. New flooring in part of this unit. New ceiling fan in bedroom.. Apartment B has upstairs and bedroom and utility are upstairs. New Engineered flooring in living room. Apartment C is rented. Great income potential.

    Rozanne Rieger CENTURY 21 GOLDEN SERVICE REALTY

    Section Image

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Sold $180,762 -9.2% $55 / Sq Ft
04/08/2025 04/08/25 Pending -- -- --
03/20/2025 03/20/25 For Sale $199,000 +165.7% $60 / Sq Ft
07/03/2017 07/03/17 Sold $74,900 0.0% $23 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
05/07/2017 05/07/17 For Sale $74,900 -- $23 / Sq Ft
Source: Central West Tennessee Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 2501144

Central West Tennessee Association of REALTORS®