- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$3,599,997
Monthly Est:$17,918
8 Beds
4 Baths
870sqft
587 Baker Rd, Martin, TN 38237
$3,599,997
$17,918/moEst:
Get Pre-Approved
Multi Family
Built in 1995
$-- HOA
-- sqft lot
$4,138/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. 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.
- Houzeo last checked: 3 hours ago
- Listing updated: October 2, 2026 at 8:35 pm
- Listing Provided by: Jessica Stanfield (931) 209-2819 DRE #315800 | Tennessee Property Group (931) 264-8219
- Source: Nashville (RealTracs Mid) MLS-TN | MLS#: 3276724
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1995
HOA Fees
-
Finished Area
870 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3276724
MLS Status
Under Contract - Showing
Days on Market
87
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Heating
Central
Flooring
Carpet, Laminate
Sewer
Public Sewer
Cooling
Central Air
Construction
Year Built
Year Built: 1995
Home type
Multi Family
Construction Materials
Aluminum Siding, Brick
Utilities & Energy
Utilities
Water Available
Water Source
Public
Laundry Features
Individual, Electric Dryer Hookup, Washer Hookup
Other Features
Subdivision Name
N/a
Tenant Pays
Cable Tv, Electricity, Water
Price History
| Date | Event | Price |
|---|---|---|
07/29/2026 Source: | Contingent (Active Under Contract) | $3,799,900 -2.55% $4,368/sqft |
07/13/2026 Source: | Listed for Sale | $3,899,500 -6.04% $4,482/sqft |
12/06/2025 Source: | Off Market | $4,150,000 -2.35% $4,770/sqft |
12/06/2025 Source: | Listed for Sale | $4,250,000 $4,885/sqft |
Find Homes by Property Features in Martin, TN
Based on information from Realtracs® through Oct 09, 2026, 02:31PM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal, noncommercial use. It 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. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
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