Seller's Agent in 2025
Heather Walker
RE/MAX
(423) 231-9766
47 in this area
100 Total Sales
311 E 4th St N Morristown, TN 37814
4
Beds
2
Baths
1,696
Sq Ft
10,019
Sq Ft Lot
Highlights
- Cooling Available
- 1-Story Property
- Heat Pump System
About This Home
As of November 2025Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Last Agent to Sell the Property
RE/MAX Real Estate Ten Midtown License #337402 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,026
Year Built
- Built in 1949
Lot Details
- 10,019 Sq Ft Lot
- 1 Common Wall
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 1,696 Sq Ft Home
- 1-Story Property
- Metal Fireplace
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Location
- City Lot
Schools
- Hillcrest Elementary School
- Meadowview Middle School
- East High School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for exterior maintenance, HVAC maintenance, insurance, repairs, roof maintenance, taxes
- Assessor Parcel Number 027.00
- Seller Concessions Offered
Community Details
Overview
- 2 Units
Building Details
- 2 Leased Units
- 3 Separate Electric Meters
- 3 Separate Water Meters
- Operating Expense $2,100
- Gross Income $22,800
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Sold | $185,000 | -7.5% | $109 / Sq Ft |
| 10/28/2025 10/28/25 | Pending | -- | -- | -- |
| 09/23/2025 09/23/25 | For Sale | $199,900 | -- | $118 / Sq Ft |
Source: Lakeway Area Association of REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Heather Walker
-
IAN CULLEN
I
Buyer's Agent in 2025
IAN CULLEN
Tennessee Valley Appraisal Services
(423) 746-0027
602 in this area
4,709 Total Sales
-
N
Buyer's Agent in 2025
Non Member
Non Member - Sales
Map
Source: Lakeway Area Association of REALTORS®
MLS Number: 709106
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