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Stephanie Booher

stephaniebooher@epique.me +1(423) 963-9596

$ 199,900

Est. payment -/mo

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311 4th North ST Morristown, TN 37814

1,696 SqFt

UPDATED:

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

Listed by Heather Walker • REMAX Real Estate Ten of Morristown

Stephanie Booher

Agent | License ID: 381361

+1(423) 963-9596

Stephanie Booher

311 4th North ST Morristown, TN 37814

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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311 4th North ST