587 Baker Rd

4
Baths
870 Sq. Ft.
$4,482 / Sq. Ft.
870
Sq. Ft.
$4,482
per Sq. Ft.

Description

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....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.
  1. Listed by Jessica Stanfield • Tennessee Property Group
    P: (931)-209-2819 C: (931)-209-2819 jstanfield@realtracs.com

Property Details for 587 Baker Road

Subdivision Name
n/a
Waterfront
No
LISTING UPDATED: 07/13/2026 02:25 PM

Property Details for 587 Baker Road

StatusActive
MLS #3276724
Days on Market1
Taxes$20,517 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size-
CountyWeakley County

Location

Listing Courtesy of Tennessee Property Group
Add your commute

Building Information for 587 Baker Road

Stories2Residences36Year Built1995Building Size-Lot Size-

Payment Calculator

$21,141 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,432

Property Taxes

$1,710

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 587 Baker Road

Summary
Location and General Information
  • Directions: GPS Friendly
  • Elementary School: Martin Elementary
  • High School: Westview High School
  • Levels: Two
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Middle Or Junior School: Martin Middle School
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Owner
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Owner
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Owner
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 078 03910 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Aluminum Siding, Brick
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 36
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 4
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Rent Includes: Trash Collection
  • Tenant Pays: Cable TV, Electricity, Water
  • Total Actual Rent: $3,600

Property History for 587 Baker Road

DateEvent & SourcePriceAppreciation
Jul 13, 2026

Listed (Active)

REALTRACS #3276724

$3,899,500—
Jun 30, 2026

Temporarily Off Market

REALTRACS #3059099

$4,150,000—
Dec 6, 2025

Listed (Active)

REALTRACS #3059099

$4,250,000—
DateEvent & SourcePrice
07/13/2026

Listed (Active)

REALTRACS #3276724

$3,899,500
06/30/2026

Temporarily Off Market

REALTRACS #3059099

$4,150,000
12/06/2025

Listed (Active)

REALTRACS #3059099

$4,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 587 Baker Road

Taxable ValueLand$14,720Additions$608,320Total$623,040
Home Facts
Total Finished SqFt3,481 SqFtAbove Grade Finished SqFt3,481 SqFtStories2Lot Size80,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1995Zoning`CountyWEAKLEYAPN078 03910

Schools near 587 Baker Road

This home is within Weakley County School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Martin Primary School
PublicPK to 2

Martin Middle School
Public6 to 8

Westview High School
Public9 to 12

Martin Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

587 Baker Road is a multi-family home for sale in Martin, TN 38237. This property was listed for sale on July 13, 2026 by Tennessee Property Group, it's currently listed at $3,899,500. It has been on the market for a total of 1 days and was last sold on September 3, 2024. This listing's school district is Weakley County School District. Nearby schools include Martin Primary School, Martin Middle School and Westview High School. 587 Baker Road is a 8-bed, 4-bath, 870 sqft multi-family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tennessee Property Group

Based on information submitted to the MLS GRID as of 07/13/2026 02:25 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.