Sold for $1,050,000

$1,050,000

1320/103 N Henry St, Morristown, TN 37814

4beds

--sqft

Multi Family

Built in 1979

-- sqft lot

$1,064,700 Zestimate^®

$--/sqft

$1,474 Estimated rent

Home value

$1,064,700

$980,000 - $1.15M

$1,474/mo

Zestimate^® history

Owner options

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$1,474/mo

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$1,474/mo

Rent Zestimate^®

Refinance and save

$6,061/mo

Est. payment

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$6,061/mo

Est. payment

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What's special

Take advantage of this stabilized, income-producing multifamily portfolio featuring two apartment buildings totaling 12 units, ideally positioned on two separate streets while still conveniently close to local amenities, shopping, dining, and everyday necessities. Each of the twelve units is a 1 bedroom, 1 bathroom layout and the property is 100% occupied. Two units have already been renovated, offering immediate upside and a clear value-add path for a new owner looking to continue strategic improvements over time. The current owner covers property taxes, insurance, pest control, and landscaping, helping maintain the asset and curb appeal, while tenants are responsible for all utilities, keeping operating expenses more efficient. With steady in-place cash flow and room to enhance returns through additional renovations and future rent growth, this is a strong opportunity for investors seeking a well-performing multifamily asset in a convenient location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard

Cooling

Window Unit(s)

Appliances

Included: Electric Oven, Microwave, Refrigerator
Laundry: In Unit

Features

Flooring: Ceramic Tile, Concrete, Laminate, Linoleum
Windows: Aluminum Frames, Vinyl Frames
Has basement: No
Common walls with other units/homes: 1 Common Wall,2+ Common Walls,End Unit

Interior area

Finished area above ground: 3,628
Finished area below ground: 0

Property

Accessibility

Accessibility features: Accessible Doors, Accessible Entrance, Accessible Kitchen, Central Living Area, Common Area, Visitable

Features

Levels: One
Stories: 1
Exterior features: Rain Gutters

Lot

Size: 0.45 Acres
Dimensions: 140'/109'/150'/156'
Features: City Lot

Details

Parcel number: 033D E 00300 000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Slab
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1979
Major remodel year: 1979

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Location

Region: Morristown

Financial & listing details

Annual tax amount: $3,477
Date on market: 2/8/2026
Tenant pays: All Utilities, Electricity, Water
Electric utility on property: Yes

Price history

Date	Event	Price
5/22/2026	Sold	$1,050,000-10.6%
Source: Lakeway Area AOR #710345 Report a problem
3/25/2026	Pending sale	$1,175,000
Source: Lakeway Area AOR #710345 Report a problem
2/8/2026	Listed for sale	$1,175,000
Source: Lakeway Area AOR #710345 Report a problem