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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.
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
Amenities
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1701 Dumplin Loop
New Market, TN 37820
Property Details
Appliances
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.


