Morristown TN Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
2,328
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.6 Acres
Year built:
2000
Baths:
MLS#:
1285852
Subdivision:
Coffey Howard & Lynda Prop

ADDITIONAL INFORMATION

Very nice duplex in country setting situated between Morristown and Dandridge but close to stores/81/Merchants Greene/Lakeway Academy. Both sides have been updated with newer appliances and granite counters in kitchens and baths. Left side is a 2BR 2BA with living room & dining combo, small kitchen with eating counter, laundry room and garage. Right side is a 3BR 3BA, living room & dining combo, small kitchen with eating counter, laundrey room. Both sides have very nice front porches to enjoy the outside, back yard is fenced, parking in front. Rent both sides or live in one and rent other. Small storage building in back of duplex.

Type:
Other
Sq.Ft.:
560
Status:
Active
Beds:
n/a
Lot size:
1.7 Acres
Baths:
MLS#:
9974614
Subdivision:
Not In Subdivision

ADDITIONAL INFORMATION

An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

Type:
Multi-Family
Sq.Ft.:
7,255
Status:
Active
Beds:
n/a
Year built:
1979
Baths:
MLS#:
1274623

ADDITIONAL INFORMATION

Type:
Other
Sq.Ft.:
2,400
Status:
Active
Beds:
n/a
Lot size:
0.98 Acres
Year built:
1979
Baths:
MLS#:
9970467

ADDITIONAL INFORMATION

12 one-bedroom units. Insurance is $3,000 annually & mowing is $200 per month. Close to a market, elementary school, and town.

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Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

Real Estate listings held by other brokerage firms are marked with the name of the listing broker. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Knoxville Area Association of Realtors. All rights reserved.

Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



Morristown Real Estate

The median home value in Morristown, TN is $300,000. This is higher than the county median home value of $215,200. The national median home value is $338,100. The average price of homes sold in Morristown, TN is $300,000. Approximately 43.53% of Morristown homes are owned, compared to 44.04% rented, while 12.43% are vacant. Morristown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Morristown real estate agent to arrange a tour today!

Morristown, Tennessee has a population of 30,387. Morristown is less family-centric than the surrounding county with 27.21% of the households containing married families with children. The county average for households married with children is 28.71%.

The median household income in Morristown, Tennessee is $36,495. The median household income for the surrounding county is $45,275 compared to the national median of $69,021. The median age of people living in Morristown is 37.2 years.

Morristown Weather

The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.7 degrees. The average rainfall is approximately 44.9 inches per year, with 9.8 inches of snow per year.

Morristown Real Estate Market Conditions

  • Median sales price

    $300,000
    27% change since last quarter
  • # Active listings

    334
    30-day change

Morristown Schools and Demographics

Education near Morristown, TN

Metric City County
High School Graduates 81.3 84.79
College Degree - 2 year 8.1 8.44
College Degree - 4 year 15.65 18.05
Graduate Degree 3.7 4.37
Expenditures per Student 10,533 10,533
Students per Teacher 15.3 15.3

Elementary Schools near Morristown, TN

School Grades Students P/T Ratio ZIP
Alpha Elementary School KG - 05 629 15.4 37814
Fairview Marguerite KG - 05 510 14.3 37814
Hillcrest Elementary School KG - 05 554 15.1 37813
John Hay Elementary School KG - 05 276 13.1 37814
Lincoln Heights Elementary School PK - 05 489 13.6 37813
Manley Elementary School PK - 05 675 17.4 37814
Russellville Elementary School PK - 05 682 15.5 37860
Talbott Elementary School PK - 05 223 12.4 37877
Union Heights Elementary School KG - 05 302 17.1 37813
West Elementary School PK - 05 484 15.2 37814
White Pine Elementary School PK - 08 854 17.1 37890
Witt Elementary School PK - 05 219 13.7 37813

Middle Schools near Morristown, TN

School Grades Students P/T Ratio ZIP
Lincoln Heights Middle School 06 - 08 519 16.3 37813
Meadowview Middle School 06 - 08 566 15.3 37814
West View Middle School 06 - 08 683 18.5 37813

High Schools near Morristown, TN

School Grades Students P/T Ratio ZIP
Morristown East High School 09 - 12 1,411 16 37813
Morristown West High School 09 - 12 1,460 17.5 37813

Ungraded Schools near Morristown, TN

School Grades Students P/T Ratio ZIP
Hamblen County Alternative School KG - 12 50 7.1 37813

Demographics near Morristown, TN

Metric City County
Neighborhood Type Suburban
Population 30,387 64,184
Population Density 1,111 398
Median Age 37.2 40.9
People per Household 2.5 2.6
Median Household Income 36,495 45,275
Average Income per Capita 21,428 25,056