$3,599,997
 $19,326 est/mo Sourced by Back At You

587 Baker Rd,Martin, TN 38237

Martin, TN 38237

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Description

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.

Details

MLS #3276724
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1995
Days On Site104
Listing Provided ByTennessee Property Group | Jessica Stanfield

Features

SQ Feet870
Story(s)2
Units36
ZoningCommercial

Parking

Garage Yes / NoNo

Taxes

Property20517

Area Information

StateTN
CountyWeakley County
CityMartin
Zip Code38237
AreaWeakley County | TN
Community Namen/a
School DistrictWestview High School
Elementary SchoolMartin Elementary
High SchoolWestview High School
Listing VS Median (in n/a)
Price:
$3,599,997
low | high
Med:
$365,000
100% of Average
sqft:
870
low | high
Med:
1,802
57.126436781609% of Average
$ / sqft:
$4,138
low | high
Med:
$203
100% of Average
On site:
104
low | high
Med:
3
100% of Average
Sourced by Back At You

Market Activity 38237

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 25, 2026 at 9:52:42 PM 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.

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Learn More About This Property

StateTN
CountyWeakley County
CityMartin
Zip Code38237
AreaWeakley County | TN
Community Namen/a
School DistrictWestview High School
Elementary SchoolMartin Elementary
High SchoolWestview High School
Listing VS Median (in n/a)
Price:
$3,599,997
low | high
Med:
$365,000
100% of Average
sqft:
870
low | high
Med:
1,802
57.126436781609% of Average
$ / sqft:
$4,138
low | high
Med:
$203
100% of Average
On site:
104
low | high
Med:
3
100% of Average
Sourced by Back At You
Listing Updated: October 2, 2026 at 2:44:32 PM PDT