587 Baker Rd, Martin, TN 38237
FOR SALE

587 Baker Rd
Martin, TN 38237

  • 4 Beds
  • 870 sqft

$4,150,000

Original price: $4,250,000
Est. Mortgage $22,450/mo*

$4,150,000

Original price: $4,250,000
Est. Mortgage $22,450/mo*
4 Beds
870 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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

Active Status

MLS Status: Active

Interior Features

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

Exterior Features

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

Days on Market

Days on Market: 153

Property Information

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

Price & Status

Price
List Price: $4,150,000Price Per Sqft: $4,770
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Martin
School Information
Elementary School: Martin ElementaryJr High / Middle School: Martin Middle SchoolHigh School: Westview High School

Agent Information

Listing Agent
Listing ID: 3059099

Building

Building Area
Building Area: 870 Square Feet

Community

Not Senior Community

HOA

No HOA

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Electricity, Water

Miscellaneous

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

Price History for 587 Baker Rd

DatePriceEventSource
02/19/2026$4,150,000PriceChange
RealTracs MLS as distributed by MLS GRID #3059099
12/06/2025$4,250,000Listed For SaleRealTracs MLS as distributed by MLS GRID #3059099
09/06/2024$2,725,000Sold
N/A
07/31/2023ListingRemovedZillow Rentals
03/20/2023$750Listed For RentZillow Rentals
11/30/2022$2,375,000Sold
RRAR as distributed by MLS GRID #43830
08/27/2021ListingRemovedZillow Rental Manager
07/27/2021$600Listed For RentZillow Rental Manager
02/16/1995$8,500Sold
N/A

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Property Tax and Assessment

Year2025
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.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Shirley Bledsoe
    "Soybean festival small quaint downtown. Nice neighbors nice homes large college young people a few decent restaurants low crime rate"
  • Collinsmonicad
    "Beautiful and peaceful, the neighborhood is welcoming with a lake view. Everyone has pride in their properties. "
  • Alevcrow
    "We have music festivals, holiday celebrations, and seasonal festivals that make living here fun and entertaining!! Also, they’re very safe and most everyone who attends is friendly and respectful."
  • Cmeceleste
    "people walk with their dogs every day. neighbors are friendly. lots of trees, rabbits and birds. houses are neat and lawns are mowed. "
  • Collinsmonicad
    "Quiet and safe. Great community events like the Soybean festival The farmer’s market offers fresh fruits and vegetables."
  • Nicholas G. E. M.
    "Don’t let your kids roam alone. People are careless with the way they drive. Keep an eye on your kids that way he or she won’t risk getting hit by a car"
  • Alevcrow
    "Lots of college kids. Some neighbors call and complain about petty things.. Not a lot of yard space "
  • Mike M.
    "Everyone knows each other and ready to help out when needed. Very little to no crime around here. Excellent shopping convenience and great roads. "
  • Jonetrav
    "Martin is a nice place to live. It’s quite rural, but has a small college atmosphere. The winters are rather mild, and the summers are quite humid."
  • Ssimons1
    "Wonderful neighbourhood with lots of character - GREAT lot - quick access to university, shopping :) "
  • totalguarantee
    "Grew up in this area. Great place to live. Parks are very close and so are the area schools. This area is fairly quiet"

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.