587 Baker Rd Martin, TN $ 4,250,000
587 Baker Rd
$ 4,250,000
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587 Baker Rd

Martin, TN, 38237
$ 4,250,000
Bedrooms4 Baths0.0 Sq 870

Monthly Estimate*

$ 26,168

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Multi-Family Home for sale in Martin, TN

for $4,250,000 with 4 bedrooms. This 870 square foot home was built in 1995.

**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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Multi-Family Active

Price

$ 4,250,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 18,803

Style

Multi Family

Year Built

1995

Town/City

Martin

County/Region

Weakley

MLS | Web ID

3059099

Features
General
Living Area 870
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning Commercial
Garage Spaces 0
Construction Materials Aluminum Siding Brick
Year Built 1995
Tenant Pays Cable TV Electricity Water
Stories Count 2
Levels One
Gross Income 388800
County Weakley County TN
Net Operating Income 304300
Operating Expense 84500
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name n/a
Garage Y/N N
Rent Includes Trash Collection
Status Active
Directions FROM UT MARTIN CAMPUS: Head south on Mt Pelia Rd toward Hannings Ln 0.2 mi Turn right to stay on Mt Pelia Rd 0.3 mi Turn left onto Skyhawk Pkwy 0.5 mi Turn left onto Baker Rd 0.1 mi Turn right Destin
High School Westview High School
City Martin
Senior Community Y/N N
Number Of Units Total 36
Lot Size Units Acres
Elementary School Martin Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 18803
Middle/Junior High School Martin Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 1800
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Interior
Flooring Carpet Laminate Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 870
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Other
Above Grade Finished Area Source Other
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Appliances
Building Area Total 870
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 587
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* Excluded Features
List By
Tennessee Property Group

Broker

jstanfield@realtracs.com

Email

Affordability Calculator

$27,735
Per Month
94%
6%
0%
Monthly Principal & Interest
$26,168
Monthly Property Taxes
$1,567
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3568774 Elementary School
3568773 Middle School
Westview High School High School
Pricing History
DatePricePrice ChangeDescription
12/6/2025$4,250,000 Listed Price

Map


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587 Baker Rd, Martin, TN, 38237 is a Multi-Family Home for sale at $4,250,000 with 870 sqft. 587 Baker Rd has 4 bedrooms, 0.0 baths, and was built in 1995. The property's zip code is 38237 which is in Martin, TN