311 E 4th North St, Morristown, TN 37814
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
311 E 4th North St,Morristown, TN 37814
$199,900
- - Beds
- - Baths
- 1,696 sq. ft.
- Multi-family
- Pending
Listed by: heather walker
Office: remax real estate ten
MLS#:1316331
Source:TN_KAAR
Price summary
- Price:$199,900
- Price per sq. ft.:$117.87
About this home
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!
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Home facts
- Year built:1949
- Listing ID #:1316331
- Added:52 day(s) ago
- Updated:November 15, 2025 at 09:06 AM
Rooms and interior
- Living area:1,696 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1949
- Building area:1,696 sq. ft.
Schools
- High school:Morristown East
- Middle school:Meadowview
- Elementary school:Hillcrest
Finances and disclosures
- Price:$199,900
- Price per sq. ft.:$117.87
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