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587 Baker Rd, 
Martin, TN 38237

$3,899,500


Bed


Bath


870

Sq Ft


Multi-Family

Active

Listed by

Jessica Stanfield

Tennessee Property Group

931-264-8219

Last updated:

July 24, 2026, 06:02 PM

MLS#

3276724

Source:

NASHVILLE

About This Home

587 Baker Rd

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 investment in a desirable university market, this property is an opportunity you won't want to miss.

Home Facts

Multi-Family

Built in 1995

Price Summary

3,899,500

$4,482 per Sq. Ft.

MLS #:

3276724

Last Updated:

July 24, 2026, 06:02 PM

Added:

16 day(s) ago


Rooms & Interior

Interior

Living Area:

870 Sq. Ft.


Structure

Structure

Building Area:

870 Sq. Ft.

Year Built:

1995


Finances & Disclosures

Finances

Price:

$3,899,500

Price per Sq. Ft:

$4,482 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.