- 870
- sqft
- 1995
- year built
- Status:
- Under Contract - Showing
- MLS #:
- 3276724
- Neighborhood:
- n/a
- County:
- Weakley
- Listed By:
- Jessica Stanfield - Tennessee Property Group
- Agent Phone:
- (931) 209-2819
- Agent Email:
- jstanfield@realtracs.com
Sponsoring Broker: Christine Eisenberg, Continental Real Estate Group, Inc
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.
-
- Year Built
- 1995
-
- Stories
- 2.0
-
- Construction Materials
- Aluminum Siding, Brick
-
- Living Area
- 870.0
-
- Flooring
- Laminate, Carpet
-
- Cooling
- Central Air
-
- Heating
- Central
-
- Utilities
- Water Available
-
- Water
- Public
-
- County
- Weakley
-
- City
- Martin
-
- Neighborhood
- n/a
-
- Zip Code
- 38237
-
- High School
- Westview High School
-
- Middle School
- Martin Middle School
-
- Elementary School
- Martin Elementary
-
Nearby Schools
-
56out of 100
Public School for 587 Baker Rd, Martin, TN 38237
Grades: Elementary
Distance: 1.62 mi
-
64out of 100
Public School for 587 Baker Rd, Martin, TN 38237
Grades: Middle
Distance: 1.14 mi
-
55out of 100
Public School for 587 Baker Rd, Martin, TN 38237
Grades: High
Distance: 1.92 mi
-
67out of 100
-
55out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 10/02/2026 | Price Changed | $3,599,997 |
| Source: Realtracs #3276724 | ||
| 07/13/2026 | Listed | $3,899,500 |
| Source: Realtracs #3276724 | ||
| 12/06/2025 | Off Market | — |
| Source: Realtracs #3059099 | ||
| 09/30/2025 | Off Market | — |
| Source: Realtracs #3003729 | ||
| 09/30/2025 | Off Market | — |
| Source: Realtracs #3003733 | ||
| 05/07/2025 | Off Market | — |
| Source: Realtracs #2868033 | ||
Source: MLS Data
Deed History
| 09/06/2024 | Warranty Deed | $2,725,000 |
| 12/01/2022 | Warranty Deed | $2,375,000 |
| 02/16/1995 | Deed | $8,500 |
| 02/16/1995 | Deed | $8,500 |
Source: Public records via Constellation Data Labs
Mortgage History
| 09/06/2024 | Open End with Future Advance Clause / Open End Mortgage | $2,036,250 |
| 12/01/2022 | Unknown | $2,018,750 |
| 03/01/2019 | Open End with Future Advance Clause / Open End Mortgage | $135,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 587 Baker Rd?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 587 Baker Rd.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 587 Baker Rd?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $3,599,997. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Martin, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 587 Baker Rd?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 587 Baker Rd at around $22,196. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 587 Baker Rd?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Weakley County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 587 Baker Rd?
In most cases, yes. Whether 587 Baker Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Martin's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 587 Baker Rd?
We can handle that for you. Our preferred local agent specializes in residential incomes in Martin and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $3,599,997 with 870 sqft of space—that comes out to approximately $4,138 per square foot.
How long has this property been on the market?
587 Baker Rd was listed on July 13, 2026, which means it's been on the market for 120 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1995, making it approximately 31 years old.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Martin Elementary
- Middle: Martin Middle School
- High: Westview High School
Want to see how these schools compare? Check out our Weakley County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 587 Baker Rd?
The most recent public record shows annual property taxes for 587 Baker Rd were approximately $20,517. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 587 Baker Rd still available for sale?
This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 10, 2026 at 03:57AM. 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.
