NOT LISTED FOR SALE

926 E Main St Morristown, TN 37814

Estimated Value: $234,000 - $243,922

Studio
4 Baths
2,352 Sq Ft
$102/Sq Ft Est. Value

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!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2016
Sold by
Lakeway Management L P
Bought by
Cherokee Associates Lp
Current Estimated Value
$239,641

Purchase Details

Closed on
Nov 2, 1983
Bought by
Hyde Arthur Thomas

Purchase Details

Closed on
Jan 1, 1980
Bought by
Nelson Elizabeth

Purchase Details

Closed on
Dec 1, 1975
Bought by
Nelson George E and Nelson Elizabeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cherokee Associates Lp -- --
Hyde Arthur Thomas $22,900 --
Nelson Elizabeth -- --
Nelson George E $15,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 Pending -- -- --
10/16/2025 10/16/25 For Sale $249,900 0.0% $106 / Sq Ft
09/27/2025 09/27/25 Pending -- -- --
09/23/2025 09/23/25 For Sale $249,900 -- $106 / Sq Ft

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
2025 $796 $60,800 $13,480 $47,320
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
Source: Public Records

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