Multifamily
(Multi Family)
926 East Main St, Morristown, TN 37814
Victorian
Stories: 1
FOR SALE
Price: $249,900
Price Per ft²: $106.25
List Date: 2025-09-23
DOM:
36
City Tax: $451 County Tax: $567Expenses Include: Lawn Maint, Water/Sewer, Taxes Real Estate, Repairs and MaintUtilities Expenses: $
City Tax: $451 County Tax: $567Expenses Include: Lawn Maint, Water/Sewer, Taxes Real Estate, Repairs and MaintUtilities Expenses: $
Year Built: 1900 pre-1978 Homes
Total Area: 2,352 ft² (Finished & Unfinished)
Heating: Electric, Other, Heat Pump Cooling: Heat Pump, Window Unit(s) Water & Sewage: Public
Appliances: Range, Refrigerator
Description
Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-FlowingExpand 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!
Community Information
- Geographical
- County: Hamblen
- Subdivision:
- Zoning: LI
- School System
- Hillcrest Elementary
- Meadowview Middle
- East High High
Interior
Basement & Foundation: Finished, Exterior Entry, Walk-Out Access
Exterior
Roof: Shingle Exterior Finish: Vinyl Siding
Photos
Listing by
Remax Real Estate Ten Of Morristown