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About This Home

This 5-bedroom, 4-bathroom residential multi family at 1701 Dumplin Loop in New Market, TN is listed for $499,000. Built in 1950, on a 1.70 acres lot.

Agent Description

Excellent income-producing mixed-use investment opportunity located at 1701 Dumplin Loop, / 1878 W Dumplin Valley Rd New Market TN 37820. This versatile commercial-zoned property offers two dwellings, multiple rental income streams, and future expansion potential.

The first building, originally built in 1950, consists of a commercial retail space and two residential apartments. The commercial space offers approximately 700 square feet with a half bath and has a projected rental income potential of approximately $800 to $1,200 per month.

The two residential apartments were completely rebuilt from the ground up in 2022. Each apartment features 1 bedroom, 1 bathroom, refrigerator, stove, washer and dryer hookups, LVP flooring, PEX plumbing, and plywood cabinetry. One apartment also has access to a back deck.

Both apartments are currently rented for $800 per month each. The building is serviced by one main HVAC system for all three units, with the third unit also utilizing a portable/window AC unit. The property includes approximately 8 parking spaces. A new HVAC system installed in Summer 2023.

The second dwelling is a 2010 Clayton single-wide mobile home offering approximately 1,216 square feet with 3 bedrooms and 2 bathrooms. The home features central heat and air, front and back decking, and a large yard area. The mobile home is currently rented for $800 per month, with estimated market rent potential closer to $1,200 to $1,350 per month.

Additional exterior improvements include a new deck installed in Fall 2025. The property also includes a storage trailer and offers possible space for several RV sites, subject to buyer verification and local approval. With commercial zoning, strong existing rental income, major system updates, and future development possibilities, this property presents an outstanding opportunity for investors, business owners, or owner-operators looking for flexible use potential in a growing area.

Key Features

  • Built in 1950
  • 1.70 acre lot
  • Fireplace

Property Details

1 story
3 full, 1 half
1950

Amenities

Fireplace

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

1701 Dumplin Loop

New Market, TN 37820

Property Details

Appliances

Electric RangeRefrigerator

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 1701 Dumplin Loop is listed at $499,000. The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 1.70 acre lot, Fireplace.

This property is listed by Amy Quarles Cate and can be reached at 8653893517 or amy@thecategroup.com.

AC

Amy Quarles Cate

Agent at The Cate Group, Realty & Property Management LLC

(865) 389-3517

Listed by The Cate Group, Realty & Property Management LLC · View on Broker Site

MLS# 711468· Source: listhub· Updated 26 days ago

Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1701 Dumplin Loop, New Market, TN 37820

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