311 4th North ST new Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37814
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,696 sqft
Price per Sqft $117
MLS Listing ID 9986151
Style Duplex
HOA Y/N No
Year Built 1949
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 68'x133'
Property Sub-Type Duplex
Source Tennessee/Virginia Regional MLS
Property Description
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—schedule your showing today!
Location
State TN
County Hamblen
Area 0.23
Zoning R2
Direction From E Andrew Johnson Hwy turn onto N Daisy St, Turn R onto E 4th North St, Duplex on L
Rooms
Basement Crawl Space,Exterior Entry,Unfinished
Interior
Heating Electric,Heat Pump, Electric
Cooling Heat Pump
Appliance Electric Range,Refrigerator
Heat Source Electric,Heat Pump
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Gravel
Utilities Available Electricity Connected,Water Connected
Roof Type Metal
Topography Cleared
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Duplex
Level or Stories 1
Structure Type Vinyl Siding
Schools
Elementary Schools Hillcrest
Middle Schools Meadowview
High Schools East High
Others
Senior Community No
Tax ID 027.00