587 Baker Rd, Martin, TN 38237

Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
587 Baker Rd,Martin, TN 38237
$4,250,000
  • - Beds
  • - Baths
  • 870 sq. ft.
  • Multi-family
  • Active
Listed by: jessica stanfield
Office: tennessee property group
MLS#:3059099
Source:NASHVILLE

Price summary

  • Price:$4,250,000
  • Price per sq. ft.:$4,885.06

About this home

**Income-Producing Property:** This 36-unit apartment complex is situated in the heart of Martin, TN, just 1.2 miles from the University of Tennessee at Martin. This property presents an excellent opportunity to enhance your rental portfolio. Martin is a vibrant university town with various amenities that attract residents to the area. All units are 2-bedroom, 1-bathroom units that feature washer and dryer hookups. Some of the improvements made over the last 12 months include a new roof on buildings A, D, E, H, and J, as well as renovations to 16 units. Additionally, the back deck has been replaced for all 36 units. The current property manager is local and is willing to continue managing the property, facilitating a smooth transition for the new owner.

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Home facts

  • Year built:1995
  • Listing ID #:3059099
  • Added:34 day(s) ago
  • Updated:January 10, 2026 at 03:27 PM

Rooms and interior

  • Living area:870 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1995
  • Building area:870 sq. ft.

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:$4,250,000
  • Price per sq. ft.:$4,885.06
  • Tax amount:$18,803
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