$4,150,000

587 Baker Rd, Martin, TN 38237

  • 870 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $4,770/sqft
  • Property List Date Icon Listed 4 months ago

Property 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.

Listing Status:
Active
Date Added:
December 6, 2025
Data Last Updated:
April 5, 2026 at 12:20AM
Listing Office:
Tennessee Property Group : 9312092819
Listing Agent:
Jessica Stanfield : 9312092819
MLS ID:
3059099
  • Laundry: IndividualElectric Dryer HookupWasher Hookup
  • Flooring: CarpetLaminateVinyl
  • A/C: Central Air
  • Heating: Central
  • Parking: Parking spaces: 0
  • General: One
  • Originating MLS: realtrac
  • County: Weakley CountyTN
  • Zoning: Commercial078 03910 000
  • Utilities: Water Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: realtrac

This listing courtesy of Jessica Stanfield , Tennessee Property Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Martin Elementary School

300 S College St, Martin, TN, 38237

Grades 3-5

1.63 miles away

M

Martin Middle School

700 Fowler Rd, Martin, TN, 38237

Grades 6-8

1.11 miles away

W

Westview High School

8161 Highway 45 S, Martin, TN, 38237

Grades 9-12

1.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.