$199,900

311 E 4th North St, Morristown, TN 37814

  • 1,696 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $118/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Pending
Date Added:
September 23, 2025 at 05:00AM
Listing Office:
ReMax Real Estate Ten : 423-581-8881
MLS ID:
1316331
  • Appliances: RefrigeratorRange
  • Flooring: Other
  • A/C: Central Air
  • Heating: Heat PumpElectric
  • Parking: Off Street
  • Roofing: Metal
  • General: FrameVinyl Siding
  • Originating MLS: East Tennessee REALTORS® MLS
  • County: Hamblen County - 38
  • Zoning: 027.00
  • Source: East Tennessee REALTORS® MLS

This listing courtesy of ReMax Real Estate Ten

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Hillcrest Elementary School

407 S Liberty Hill Rd, Morristown, TN, 37813

Grades PK-5

0.85 miles away

M

Meadowview Middle School

1623 Meadowview Ln, Morristown, TN, 37814

Grades 6-8

1.16 miles away

M

Morristown East High School

1 Hurricane Ln, Morristown, TN, 37813

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.