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Active
    • Price cut: $100K (2/19)
    $4,150,000

    587 Baker Rd, Martin, TN 38237

    8beds
    --baths
    870sqft
    : 
    Multi Family
    Built in 1995
    -- sqft lot
    $-- Zestimate®
    $4,770/sqft
    $-- HOA

    What's special

    Washer and dryer hookups
    **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.
    116 days
    |
    247
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 19, 2026 at 03:01pm

    Listing Provided by:

    Jessica Stanfield 931-209-2819,

    Tennessee Property Group 931-264-8219

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3059099MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Individual, Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Carpet, Laminate, Vinyl
      Interior area
      • Total structure area: 870
      • Total interior livable area: 870 sqft
      • Finished area above ground: 870

      Property

      Features
      • Levels: One
      • Stories: 2
      Details
      • Parcel number: 078 03910 000
      • Zoning: Commercial
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Aluminum Siding, Brick
      Condition
      • New construction: No
      • Year built: 1995

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Martin

      Financial & listing details

      • Price per square foot: $4,770/sqft
      • Tax assessed value: $1,557,600
      • Annual tax amount: $18,803
      • Date on market: 12/6/2025
      • Inclusions: Appliances
      • Total actual rent: 1800
      • Tenant pays: Electricity, Water
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        2/19/2026Price change$4,150,000-2.4%$4,770/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3059099 Report a problem
        12/6/2025Listed for sale$4,250,000+56%$4,885/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3059099 Report a problem
        9/6/2024Sold$2,725,000+14.7%$3,132/sqft
        Source: Public Record Report a problem
        7/31/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/20/2023Listed for rent$750+25%$1/sqft
        Source: Zillow Rentals Report a problem
        11/30/2022Sold$2,375,000+27841.2%$2,730/sqft
        Source: RRAR as distributed by MLS GRID #43830 Report a problem
        8/27/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        7/27/2021Listed for rent$600$1/sqft
        Source: Zillow Rental Manager Report a problem
        2/16/1995Sold$8,500$10/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$18,803 -7.8%$623,040 -7.8%
        2023$20,393 -4.8%$675,720 +17.6%
        2022$21,422 $574,760
        2021$21,422 $574,760
        2020$21,422 +10.4%$574,760
        2019$19,410 +15.4%$574,760 +15.4%
        2018$16,817 -6.4%$497,960 +0.7%
        2017$17,965 +0%$494,640
        2016$17,964 $494,640 +0%
        2015$17,964 $494,638
        2014$17,964 $494,638
        2013$17,964 +2.6%$494,638 +7.6%
        2005$17,517 $459,755

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $23,269/mo
        Principal & interest
        $21401
        Property taxes
        $1868
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          Climate risks

          Neighborhood: 38237

          Getting around

          17 / 100
          Car-Dependent
          34 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Martin Elementary
          • Middle: Martin Middle School
          • High: Westview High School

          Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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