NOT LISTED FOR SALE

311 E 4th St N Morristown, TN 37814

Morristown Area
4 Beds
2 Baths
1,696 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: November 24, 2025

Last sale price $185,000 $109 Per Sq Ft

35 Days on Market

About This Home

As of November 2025

Investor 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

Heather Walker

RE/MAX Real Estate Ten Midtown License #337402 Listed on: 09/23/2025

RE/MAX Real Estate Ten Midtown

Last Buyer's Agent

IAN CULLEN

Tennessee Valley Appraisal Services License #1778

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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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,026

Year Built

Built in 1949

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Year Built: 1949
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street
  • MLS Status: Closed
  • Standard Status: Closed
  • Directions: From E Andrew Johnson Hwy turn onto N Daisy St, Turn R onto E 4th North St, Duplex on L
  • Above Grade Finished Sq Ft: 1696.0
  • Structure Type: Duplex
  • Contract Information: Seller Consider Concession YN: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Refrigerator
  • Levels: One
  • Number Of Buildings: 1
  • Owner Pays: Exterior Maintenance, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Taxes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Metal
  • Owner Pays: Exterior Maintenance, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Taxes

Exterior Features

  • Lot Features: City Lot
  • Common Walls: 1 Common Wall
  • Construction Type: Vinyl Siding

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Schools

  • Elementary School: Hillcrest
  • High School: East
  • Middle Or Junior School: Meadowview

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 027.00

Rental Info

  • Tenant Pays: All Utilities
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22800.0
  • Number Of Units Leased: 2
  • Annual Operating Expense: 2100.0
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 3

Tax Info

  • Tax Annual Amount: 1026.37
  • Tax Map Number: 034H A 027.00
  • Tax Year: 2024

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Morristown, TN

  • Michael Walker Real Estate Agent - Michael Walker Realty & Auction

    Michael Walker

    Michael Walker Realty & Auction

    (423) 830-4647

    233 Total Sales

    4 in Morristown

    $145K - $455K Price Range

    Michael Walker
     Section Image
  • Donna Estes Real Estate Agent - Crye-Leike Realtors

    Donna Estes

    Crye-Leike Realtors

    (423) 396-1019

    232 Total Sales

    1 in Morristown

    $439,900 Price

    Donna Estes
     Section Image
  • Robert Tucker Real Estate Agent - Weichert, REALTORS - Tiger Real Estate

    Robert Tucker

    Weichert, REALTORS - Tiger Real Estate

    (865) 345-2874

    54 Total Sales

    4 in Morristown

    $95K - $442K Price Range

    Robert Tucker
     Section Image
  • Amira DeSa Real Estate Agent - Harb DeSa Realty

    Amira DeSa

    Responds Quickly

    Harb DeSa Realty

    (865) 351-2916

    96 Total Sales

    1 in Morristown

    $915,000 Price

    Amira DeSa
     Section Image
  • Petrina Folsom Real Estate Agent - Creek Country Real Estate

    Petrina Folsom

    Creek Country Real Estate

    (413) 406-2958

    16 Total Sales

    1 in Morristown

    $230,000 Price

    Petrina Folsom
     Section Image
  • Owen Poveda Real Estate Agent - RE/MAX Preferred Properties Pigeon Forge

    Owen Poveda

    Responds Quickly

    RE/MAX Preferred Properties Pigeon Forge

    (865) 432-1063

    70 Total Sales

    2 in Morristown

    $260K - $280K Price Range

    Owen Poveda
     Section Image
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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 Real Estate Agent - RE/MAX

    Seller's Agent in 2025

    Heather Walker

    RE/MAX

    (423) 231-9766

    97 Total Sales

    Heather Walker
    Section Image

  • IC

    Buyer's Agent in 2025

    IAN CULLEN

    Tennessee Valley Appraisal Services

    (423) 746-0027

    3,950 Total Sales

    IAN CULLEN
    Section Image

  • NM

    Buyer's Agent in 2025

    Non Member

    Non Member - Sales

See All Agents

Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 709106

Lakeway Area Association of REALTORS®
Tennessee Hamblen County Morristown 37814

311 E 4th St N, Morristown, TN

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.

Lakeway Area Association of REALTORS® 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.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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