1002/1004 E Main St
Morristown, TN 37814
- – beds
- – baths
- 1,407 sqft
- $142 per sqft
- 1900 build
- – on site
Don't miss this prime investment opportunity in the heart of Morristown! This income-producing duplex offers a strong rental history and excellent return potential. One unit has been fully renovated and is move-in ready for a new tenant, while the other is currently leased on a yearly agreement. With a gross income of $20,400 per year, an estimated net income of $15,400, and a 7.7% cap rate, this property is a fantastic addition to any rental portfolio. The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 24, 2025
•
MLS# 1294416 —
The Building
-
Year Built:1900
-
New Construction:No
-
Construction Materials:Vinyl Siding, Block
-
Architectural Style:None
-
Direction Faces:None
-
Roof:Metal
-
Stories:None
-
Stories Total:None
-
Basement:None
-
Basement:No
-
Accessibility Features:None
-
Building Area Total:1407.0
Interior
-
Levels:None
-
Rooms Total:None
-
Flooring:Laminate
-
Fireplace:No
-
Fireplaces Total:None
-
Fireplace Features:None
-
Laundry Features:None
Room Dimensions
-
Living Area:None
-
Living Area Units:None
-
Living Area Source:None
Financial & Terms
-
Listing Terms:USDA Loan, VA Loan, FHA, Cash, Conventional
-
Possession:None
-
Lease Term:None
-
Tenant Pays:Tenant Pays All Util
Location
-
Directions:From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Duplex on Left
The Property
-
Parcel Number:009.00
-
Property Type:Multi-Family
-
Property Subtype:None
-
Lot Features:None
-
Lot Size Dimensions:61'x149'
-
Lot Size Source:None
-
Zoning:None
-
Zoning Description:None
-
Current Use:None
-
Possible Use:None
-
Topography:None
-
View:None
-
Fencing:Fenced - Yard
-
Waterfront:No
-
Water Body Name:None
-
Frontage Type:None
-
Road Frontage Type:None
-
Property Attached:No
Listing Agent
- Contact info:
- Office phone:
- (423) 581-8881
Taxes
-
Tax Annual Amount:642.27
Beds
-
Bedrooms Total:None
Baths
-
Full Baths:None
-
Three Quarter Baths:None
-
Half Baths:None
-
Partial Baths:None
-
Quarter Baths:None
The Listing
-
Virtual Tour URL Branded:None
Heating & Cooling
-
Heating:Heat Pump, Natural Gas, Electric
-
Heating:true
-
Cooling:Central Cooling
-
Cooling:true
Utilities
-
Electric:None
-
Sewer:None
-
Water Source:None
Appliances
-
Appliances:Range, Refrigerator
-
Refrigerator:true
Schools
-
Elementary School:Hillcrest
-
Elementary School District:None
-
Middle Or Junior School:Meadowview
-
Middle Or Junior School District:None
-
High School:Morristown East
The Community
-
Park Name:None
-
Senior Community:No
-
Community Features:None
-
Pool Private:No
-
Spa Features:None
-
Association:No
-
Association Fee:None
-
Association Fee Includes:None
-
Association Fee Frequency:None
Parking
-
Attached Garage:false
-
Garage Spaces:4.0
-
Carport Spaces:None
-
Parking Features:Off-Street Parking
-
Parking Total:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
|
Listed / Active | KAARMLS | $199,900 |
