Homes for sale - 311 4th ST, Morristown, TN 37814

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Shawn Oaks

shawnmoaks@gmail.com +1(423) 608-9088

Listed by Heather Walker • RE/MAX Real Estate Ten Midtown

$ 199,900

Est. payment | -/mo

4 Beds

2 Baths

10,018 SqFt

Save

$ 199,900

Est. payment | -/mo

Save

4 Beds

2 Baths

10,018 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,018 sqft

Price per Sqft $19

MLS Listing ID 709106

Bedrooms 4

Full Baths 2

Year Built 1949

Annual Tax Amount $1,026

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 0.23

Property Sub-Type Duplex

Source Lakeway Area Association of REALTORS®

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

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

Interior

Heating Electric, Heat Pump

Cooling Electric, Heat Pump

Fireplaces Type Metal

Fireplace Yes

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Lot Description City Lot

Water Public

Structure Type Vinyl Siding

Schools

High Schools East

Others

Senior Community No

Tax ID 027.00

GET MORE INFORMATION

Shawn Oaks

REALTOR® | Lic# 348922

shawnmoaks@gmail.com

+1(423) 608-9088

2672 Teaster Lane Pigeon Forge, TN, 37863

311 4th ST Morristown, TN 37814

Shawn Oaks

Key Details

Location

Interior

Exterior

Building

Schools

Others

311 4th ST