Dawn Pridham
EXIT Realty of the Smokies
(865) 395-6371
10 Total Sales
1 in Morristown
$299,900 Price
311 E 4th St N Morristown, TN 37814
Morristown Area
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Morristown, TN
-
Dawn Pridham
-
Maureen Moses
Maureen Moses
Reciprocal Lakeway
(865) 509-9737
78 Total Sales
13 in Morristown
$20K - $700K Price Range
-
Vickie Ricker
Vickie Ricker
Realty Executives East Tennessee Realtors
(423) 225-8791
129 Total Sales
1 in Morristown
$199,900 Price
-
Audra Osborne
Audra Osborne
Greater Impact Realty Lakeway
(865) 329-7813
60 Total Sales
10 in Morristown
$188K - $438K Price Range
-
Debi Bartley
Debi Bartley
Responds QuicklyRE/MAX Checkmate Inc Realtors
(423) 427-6766
135 Total Sales
1 in Morristown
$259,900 Price
-
Lynn Byrd
Lynn Byrd
The Byrd Home Team
(423) 592-7626
143 Total Sales
2 in Morristown
$230,000 Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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®
Agents Affiliated with this Home
-
Heather Walker
Seller's Agent in 2025
Heather Walker
RE/MAX
(423) 231-9766
99 Total Sales
-
IAN CULLEN
I
Buyer's Agent in 2025
IAN CULLEN
Tennessee Valley Appraisal Services
(423) 746-0027
4,119 Total Sales
-
N
Buyer's Agent in 2025
Non Member
Non Member - Sales
Map
Source: Lakeway Area Association of REALTORS®
MLS Number: 709106
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 400 E 4th North St
- 513 E 1st North St
- 308 Branner St
- 300 Branner St
- 424 W 2nd North St
- 1019 E 4th North St
- TBD W 9th North St
- 1107 E 5th North St
- 1123&1127 E 4th North St
- 1126 N Church St
- 1147 N Henry St
- 912 Truman St
- 203 E 13th North St
- 303 E Louise Ave
- 1310 Cherokee Dr
- 700 W 7th North St
- 417 Cain Ave
- 700 Center St
- 1122 N Church St
- 416 Cain Ave
- 312 E 4th North St
- 320 E 4th North St
- 320 4th St N
- 320 E 4th St N
- 328 E 4th North St
- 311 E 4th North St
- 313 E 3rd North St
- 325 E 3rd North St
- 319 E 4th North St
- 319 4th St N
- 325 E 3rd St N
- 303 E 4th North St
- 429 N Daisy St
- 329 E 4th North St
- 419 N Daisy St
- 400 E 4th St N
- 303 E 3rd North St
- 303 Third St N
- 415 N Daisy St
- 408 E 4th North St
Your Personal Tour Guide
Ask me questions while you tour the home.