TN > Morristown
Morristown, TN 37814,311 4th North St
Morristown, TN 37814,311 4th North St
Morristown, TN 37814,311 4th North St
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$199,900
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1,696 SqFt
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311 4th North St Morristown, TN 37814

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Melissa Nelson Team Lead

Melissa Nelson Team Lead

+1(865) 313-4978

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,696 sqft

Price per Sqft $117

MLS Listing ID 1316331

Year Built 1949

Lot Dimensions 68'x133'

Source East Tennessee REALTORS® 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!

Location

State TN

County Hamblen County - 38

Rooms

Other Rooms Other

Interior

Heating Heat Pump, Electric

Cooling Central Cooling

Flooring Other

Appliance Range, Refrigerator

Heat Source Heat Pump, Electric

Exterior

Parking Features Off-Street Parking

Garage Description Off-Street Parking

Roof Type Metal

Garage No

Building

Faces From E Andrew Johnson Hwy turn onto N Daisy St, Turn R onto E 4th North St, Duplex on L

Structure Type Vinyl Siding,Frame

Schools

Elementary Schools Hillcrest

Middle Schools Meadowview

High Schools Morristown East

Others

Tax ID 027.00

Energy Description Electric

Acceptable Financing Conventional

Listing Terms Conventional

Listed by ReMax Real Estate Ten

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Melissa Nelson Team Lead

Melissa Nelson Team Lead

Agent | License ID: 343949

+1(865) 313-4978

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311 4th North St