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587 Baker Rd, 
Martin, TN 38237

$4,250,000

—

Bed

—

Bath

870

Sq Ft

Multi-Family

Active

Listed by

Jessica Stanfield

Tennessee Property Group

931-264-8219

Last updated:

December 30, 2025, 03:18 PM

MLS#

3059099

Source:

NASHVILLE

About This Home

587 Baker Rd

**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.

Home Facts

Multi-Family

Built in 1995

Price Summary

4,250,000

$4,885 per Sq. Ft.

MLS #:

3059099

Last Updated:

December 30, 2025, 03:18 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

870 Sq. Ft.

Structure

Structure

Building Area:

870 Sq. Ft.

Year Built:

1995

Finances & Disclosures

Finances

Price:

$4,250,000

Price per Sq. Ft:

$4,885 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.