926 E Main St Morristown, TN 37814
Estimated payment $1,402/month
Highlights
- Victorian Architecture
- Laundry in multiple locations
- 1-Story Property
- Cooling System Mounted To A Wall/Window
- Heat Pump System
About This Home
Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,018
Year Built
- Built in 1900
Home Design
- Triplex
- Victorian Architecture
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Electric Range
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry in multiple locations
- Washer and Electric Dryer Hookup
Finished Basement
- Walk-Out Basement
- Exterior Basement Entry
- Apartment Living Space in Basement
Schools
- Hillcrest Elementary School
- Meadowview Middle School
- East High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heat Pump System
Additional Features
- 10,019 Sq Ft Lot
- City Lot
Listing and Financial Details
- Exclusions: Tenants' Personal Property
- Assessor Parcel Number 008.00
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 1 Separate Water Meter
- Insurance Expense $283
- Pest Control $100
- Net Operating Income $24,965
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $567 | $32,200 | $11,240 | $20,960 |
| 2023 | $567 | $32,200 | $0 | $0 |
| 2022 | $1,102 | $34,880 | $11,240 | $23,640 |
| 2021 | $1,102 | $34,880 | $11,240 | $23,640 |
| 2020 | $1,101 | $34,880 | $11,240 | $23,640 |
| 2019 | $1,025 | $30,160 | $7,720 | $22,440 |
| 2018 | $950 | $30,160 | $7,720 | $22,440 |
| 2017 | $935 | $30,160 | $7,720 | $22,440 |
| 2016 | $893 | $30,160 | $7,720 | $22,440 |
| 2015 | $831 | $30,160 | $7,720 | $22,440 |
| 2014 | -- | $30,160 | $7,720 | $22,440 |
| 2013 | -- | $31,280 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2025 10/16/25 | For Sale | $249,900 | 0.0% | $149 / Sq Ft |
| 09/27/2025 09/27/25 | Pending | -- | -- | -- |
| 09/23/2025 09/23/25 | For Sale | $249,900 | -- | $149 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $22,900 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $15,000 | -- |
Source: Lakeway Area Association of REALTORS®
MLS Number: 709107
APN: 034J-A-008.00
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