Multifamily
(Duplex)
311 East 4th North St, Morristown, TN 37814
Duplex
Stories: 1
FOR SALE
Price: $199,900
Price Per ft²: $117.87
List Date: 2025-09-23
DOM:
15
City Tax: $455 County Tax: $572Expenses Include: Taxes Real EstateUtilities Expenses: $
City Tax: $455 County Tax: $572Expenses Include: Taxes Real EstateUtilities Expenses: $
Year Built: 1949 pre-1978 Homes
Total Area: 1,696 ft² (Finished & Unfinished)
Heating: Electric, Heat Pump Cooling: Heat Pump Water & Sewage: Public
Appliances: Electric Range, Refrigerator
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!
Community Information
- Geographical
- County: Hamblen
- Subdivision:
- Zoning: R2
- School System
- Hillcrest Elementary
- Meadowview Middle
- East High High
Interior
Basement & Foundation: Crawl Space, Exterior Entry, Unfinished
Exterior
Roof: Metal Exterior Finish: Vinyl Siding
Photos
Listing by
Remax Real Estate Ten Of Morristown