587 Baker Rd, Martin, TN 38237

Martin
Local realty services provided by:ERA Chappell & Associates Realty & Rental
587 Baker Rd,Martin, TN 38237
$3,899,500
  • - Beds
  • - Baths
  • 870 sq. ft.
  • Multi-family
  • Active
Listed by: jessica stanfield
Office: tennessee property group
MLS#:3276724
Source:NASHVILLE

Price summary

  • Price:$3,899,500
  • Price per sq. ft.:$4,482.18

About this home

Exceptional Income-Producing Investment Opportunity! This well-maintained 36-unit apartment community is ideally located in the heart of Martin, Tennessee, just 1.2 miles from the University of Tennessee at Martin. Positioned in a thriving college town with strong, consistent rental demand, this property offers an outstanding opportunity to expand or strengthen your investment portfolio. The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property. With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add...

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Home facts

  • Year built:1995
  • Listing ID #:3276724
  • Added:6 day(s) ago
  • Updated:July 20, 2026 at 02:46 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:870 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1995
  • Building area:870 sq. ft.
  • Construction Materials:Aluminum Siding, Brick
  • Levels:2 Story

Schools

  • High school:Westview High School
  • Middle school:Martin Middle School
  • Elementary school:Martin Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,899,500
  • Price per sq. ft.:$4,482.18
  • Tax amount:$20,517
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