**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.
Active
$4,250,000
587 Baker Rd, Martin, TN 38237
4beds
--baths
870sqft
Est.:
Multi Family
Built in 1995
-- sqft lot
$-- Zestimate®
$4,885/sqft
$-- HOA
What's special
Washer and dryer hookups
- 25 days |
- 314 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: December 19, 2025 at 10:24am
Listing Provided by:
Jessica Stanfield 931-209-2819,
Tennessee Property Group 931-264-8219
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3059099
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
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: $4,885/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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Listed for sale | $4,250,000+56%$4,885/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3059099 Report a problem | ||
| 9/6/2024 | Sold | $2,725,000+14.7%$3,132/sqft |
Source: Public Record Report a problem | ||
| 7/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/20/2023 | Listed for rent | $750+25%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/30/2022 | Sold | $2,375,000+27841.2%$2,730/sqft |
Source: RRAR #43830 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,803 -7.8% | $623,040 -7.8% |
| 2024 | $20,393 -4.8% | $675,720 +17.6% |
| 2023 | $21,422 | $574,760 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$19,881/mo
Principal & interest
$16480
Property taxes
$1913
Home insurance
$1488
Climate risks
Neighborhood: 38237
Nearby schools
GreatSchools rating
- NAMartin Primary SchoolGrades: PK-2Distance: 1.6 mi
- 7/10Martin Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Westview High SchoolGrades: 9-12Distance: 1.9 mi
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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