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$3,799,900 - 587 Baker Rd, Martin

-
Bedrooms
-
Baths
870
SQ. Feet
1995
Year Built

Exceptional Income-Producing Investment Opportunity! This well-maintained 36-unit apartment community is ideally located in the heart of Martin, Tennessee, just 1.2 miles from the University of Tennessee at Martin. Positioned in a thriving college town with strong, consistent rental demand, this property offers an outstanding opportunity to expand or strengthen your investment portfolio. The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property. With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add investment in a desirable university market, this property is an opportunity you won't want to miss.

Essential Information

  • MLS® #:
    3276724
  • Price:
    $3,799,900
  • Bathrooms:
    0.00
  • Square Footage:
    870
  • Acres:
    0.00
  • Year Built:
    1995
  • Type:
    Residential Income
  • Status:
    Under Contract - Showing

Community Information

  • Address:
    587 Baker Rd
  • Subdivision:
    n/a
  • City:
    Martin
  • County:
    Weakley County, TN
  • State:
    TN
  • Zip Code:
    38237

Amenities

  • Utilities:
    Water Available

Interior

  • Heating:
    Central
  • Cooling:
    Central Air
  • # of Stories:
    2

Exterior

  • Construction:
    Aluminum Siding, Brick

School Information

  • Elementary:
    Martin Elementary
  • Middle:
    Martin Middle School
  • High:
    Westview High School

Additional Information

  • Date Listed:
    July 13th, 2026
  • Days on Market:
    57
  • Zoning:
    Commercial

Listing Details

  • Listing Office:
    Tennessee Property Group

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Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

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Listing information last updated on September 10th, 2026 at 6:55am CDT.