$890,000

311 W Market St Somerville, TN 38068

Estimated payment $4,887/month

Total Views 7,796
16 Beds
-- Bath
6,976 Sq Ft
$128 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property
  • Hot Water Heating System

About This Home

16 Unit aparmtent complex available in Somerville, TN. All units individually metered and equipped with central heat and air. 81% occupied at time of listings. Current rent role available upon request.

Listing Agent

Jimmy Kennedy

KAIZEN Realty, LLC License #303950 Listed on: 07/24/2025

KAIZEN Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,735

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 385x128

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 6,976 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Crawl Space

Flooring

  • Laminate
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Buildings
  • 16 Units

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 090C 090B A02300

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,735

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 653A
  • MAAR Subdivision Name: UNKNOWN
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 6976
  • Year Built: 1958
  • Construction: Vinyl Siding
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Dry Wall, Vinyl Floor, Wood Laminate Floors

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical, Individual System
  • Cooling Systems: Central
  • Heating Systems: Central, Gas

Lot Info

  • Lot Size: 385X128
  • Zoning: R3
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 72600
  • Tenant Pays: All Utilities, Electric, Gas, Water/Sewer
  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 090C 090B A02300

Multi Family

  • Perc Occ: 81
  • Total Number Of Units: 16
  • Number1 Bedroom Units: 16
  • Type of Unit: 1 BR - 1 Bath, Unfurnished

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,735 $146,760 $10,440 $136,320
2023 $3,790 $146,760 $0 $0
2022 $2,762 $146,760 $10,440 $136,320
2021 $2,762 $146,760 $10,440 $136,320
2020 $1,570 $146,760 $10,440 $136,320
2019 $2,212 $101,120 $9,480 $91,640
2018 $2,212 $101,120 $9,480 $91,640
2017 $2,212 $101,120 $9,480 $91,640
2016 $2,244 $96,840 $9,480 $87,360
2015 $2,243 $96,840 $9,480 $87,360
2014 $2,243 $96,840 $9,480 $87,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $890,000 -- $128 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $580,000 Mid South Title Services Llc
Warranty Deed $385,000 Mid South Title
Warranty Deed $315,000 None Available
Quit Claim Deed -- --
Deed $65,000 --
Deed $175,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,000 New Conventional
Previous Owner $308,000 New Conventional
Previous Owner $50,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $202,965 No Value Available
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10201985

Memphis Area Association of REALTORS®

APN: 090C-A-023.00