Here's a rare chance to pick up a income-producing duplex in one of Morristown's most convenient locations. Both sides are currently leased, and at the asking price this property delivers a 7% cap rate from day one.
Each side offers 2 bedrooms, 1 bath, and 1,164 sq ft of living space, plus a private attached garage and in-unit laundry on the lower level. The downstairs also features an extra finished room that works well as a spare bedroom, home office, or hobby space, giving tenants more usable space than a typical duplex and helping keep long-term renters happy.
Location is a big part of the appeal. Situated on the west end of Morristown, you're minutes from the hospital, local restaurants, shopping, and everyday amenities. Quick access to the interstate puts Knoxville and Sevierville within 30 to 45 minutes, which broadens your tenant pool to commuters and healthcare workers alike.
With both units leased, strong rental demand in the area, and the added value of garages and flex space, this is a hands-off addition to any investor's portfolio.
Contact us today to schedule a showing or request the rent roll and financials.
For sale
$329,900
1403 Moyer Ln, Morristown, TN 37814
4beds
--baths
--sqft
Duplex, Multi Family
Built in 1979
-- sqft lot
$314,400 Zestimate®
$--/sqft
$-- HOA
What's special
Private attached garage
- 26 days
- 254
- 31
Zillow last checked:
Listing updated:
Listed by:
Steve Carpenter 423-307-7542,
RE/MAX Real Estate Ten Midtown 423-581-8881
Source: Lakeway Area AOR,MLS#: 713335
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Central, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater, Range Hood, Refrigerator
- Laundry: In Basement
Features
- Windows: Double Pane Windows
- Common walls with other units/homes: 1 Common Wall
Interior area
- Finished area above ground: 2,328
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Central Living Area, Accessible Common Area, Accessible Entrance, Central Living Area
Features
- Levels: One
- Stories: 1
- Fencing: Wrought Iron
Lot
- Size: 0.44 Acres
- Features: Rolling Slope
Details
- Parcel number: 040A A 00800 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1979
- Major remodel year: 1979
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Location
- Region: Morristown
Financial & listing details
- Tax assessed value: $214,300
- Annual tax amount: $1,260
- Date on market: 10/19/2026
- Tenant pays: All Utilities
- Electric utility on property: Yes
Estimated market value
$314,400
$299,000 - $330,000
$1,319/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $329,900+78.3% |
Source:  Lakeway Area AOR #713335 Report a problem | ||
| 10/6/2021 | Sold | $185,000-2.6% |
Source: Lakeway Area AOR #603690 Report a problem | ||
| 9/4/2021 | Pending sale | $189,900 |
Source: Lakeway Area AOR #603690 Report a problem | ||
| 9/1/2021 | Listed for sale | $189,900+171.3% |
Source: Lakeway Area AOR #603690 Report a problem | ||
| 5/31/2012 | Sold | $70,000+2.9% |
Source: Public Record Report a problem | ||
| 6/26/1995 | Sold | $68,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,260 +66.2% | $85,720 +122.8% |
| 2024 | $758 | $38,480 |
| 2023 | $758 | $38,480 |
| 2022 | $758 | $38,480 |
| 2021 | $758 | $38,480 |
| 2020 | $758 +4.6% | $38,480 +13% |
| 2019 | $725 | $34,040 |
| 2018 | $725 +0% | $34,040 |
| 2017 | $725 | $34,040 |
| 2016 | $725 +15.1% | $34,040 |
| 2015 | $630 | $34,040 |
| 2014 | -- | $34,040 -21.9% |
| 2013 | -- | $43,600 |
| 2011 | $807 | $43,600 |
| 2010 | $807 | $43,600 |
| 2009 | -- | $43,600 +27.2% |
| 2008 | $754 | $34,280 |
| 2007 | $754 +4.8% | $34,280 |
| 2006 | $720 | $34,280 |
| 2005 | $720 -11% | $34,280 |
| 2004 | $809 +7.9% | $34,280 +7.9% |
| 2003 | $750 | $31,760 +8.7% |
| 2001 | -- | $29,210 -60% |
| 2000 | -- | $73,024 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37814
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