587 Baker Rd
Martin, TN 38237
- 4 Beds
- 870 sqft
4 Beds
870 sqft
Local Information
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Description
**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 Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$4,770
Listed
153 days ago
Home Details for 587 Baker Rd
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 4 |
Dimensions and Layout Living Area: 870 Square Feet |
Appliances & Utilities Utilities: Water AvailableLaundry: Individual,Electric Dryer Hookup,Washer Hookup |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Windows, Doors, Floors & Walls Flooring: Carpet, Laminate, Vinyl |
Levels, Entrance, & Accessibility Stories: 2Levels: OneFloors: Carpet, Laminate, Vinyl |
View No View |
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Exterior Home Features No Private Pool |
Parking & Garage No GarageNo Attached Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 870 Square Feet |
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Days on Market: 153 |
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Year Built Year Built: 1995 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family |
Building Construction Materials: Aluminum Siding, BrickNot a New ConstructionAttached To Another Structure |
Property Information Included in Sale: AppliancesParcel Number: 078 03910 000 |
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Price List Price: $4,150,000Price Per Sqft: $4,770 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Martin |
School Information Elementary School: Martin ElementaryJr High / Middle School: Martin Middle SchoolHigh School: Westview High School |
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Listing Agent Listing ID: 3059099 |
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Building Area Building Area: 870 Square Feet |
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Not Senior Community |
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No HOA |
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Special Conditions: Standard |
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Expense Tenant Pays: Electricity, Water |
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Mls Number: 3059099Attribution Contact: 9312092819Above Grade Unfinished Area: 870 |
Last check for updates: about 7 hours ago
Listing Provided by: Jessica Stanfield, (931) 209-2819
Tennessee Property Group, (931) 264-8219
Source: RealTracs MLS as distributed by MLS GRID, MLS#3059099

Also Listed on RealTracs MLS as distributed by MLS GRID.
Price History for 587 Baker Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 02/19/2026 | $4,150,000 | PriceChange | RealTracs MLS as distributed by MLS GRID #3059099 |
| 12/06/2025 | $4,250,000 | Listed For Sale | RealTracs MLS as distributed by MLS GRID #3059099 |
| 09/06/2024 | $2,725,000 | Sold | N/A |
| 07/31/2023 | ListingRemoved | Zillow Rentals | |
| 03/20/2023 | $750 | Listed For Rent | Zillow Rentals |
| 11/30/2022 | $2,375,000 | Sold | RRAR as distributed by MLS GRID #43830 |
| 08/27/2021 | ListingRemoved | Zillow Rental Manager | |
| 07/27/2021 | $600 | Listed For Rent | Zillow Rental Manager |
| 02/16/1995 | $8,500 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $20,517 |
| Assessment | $1,557,600 |
Home facts updated by county records
Comparable Sales for 587 Baker Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.15 | Multi-Family Home | $210,000 | 09/05/25 | 4 | - | 1,653 | |
1.58 | Multi-Family Home | $121,550 | 10/31/25 | 5 | 3 | 2,691 | |
1.82 | Multi-Family Home | $117,000 | 04/16/26 | - | 1,604 | ||
1.80 | Multi-Family Home | $163,000 | 02/27/26 | - | 1,988 | ||
1.72 | Multi-Family Home | $445,000 | 09/24/25 | - | 4,702 |
Assigned Schools
These are the assigned schools for 587 Baker Rd.
What Locals Say about Martin
At least 26 Trulia users voted on each feature.
91 % Say car is needed
85 % Say parking is easy
68 % Say there's holiday spirit
68 % Say yards are well-kept
65 % Say it's dog friendly
60 % Say it's quiet
58 % Say kids play outside
54 % Say streets are well-lit
50 % Say people would walk alone at night
49 % Say neighbors are friendly
45 % Say there's wildlife
43 % Say it's walkable to restaurants
42 % Say there are sidewalks
40 % Say they plan to stay for at least 5 years
34 % Say there are community events
20 % Say it's walkable to grocery stores
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jessica Stanfield, Tennessee Property Group, (931) 264-8219
Agent Phone: (931) 209-2819

Based on information submitted to the MLS GRID as of 2026-05-08 23:38:17 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
587 Baker Rd, Martin, TN 38237 is a 4 bedroom, 870 sqft multi-family built in 1995. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Dec 6, 2025. The MLS # for this home is MLS# 3059099.

