Sold for $245,000

$245,000

1562-1564 Shields Ferry Rd, Morristown, TN 37814

4beds

--sqft

Duplex, Multi Family

Built in 1995

-- sqft lot

$261,600 Zestimate^®

$--/sqft

$1,256 Estimated rent

Home value

$261,600

$249,000 - $275,000

$1,256/mo

Zestimate^® history

Owner options

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$1,256/mo

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$1,256/mo

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$1,465/mo

Est. payment

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$1,465/mo

Est. payment

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What's special

This duplex is fully occupied with tenants currently in place, generating a combined monthly rental income of $1,430. With immediate cash flow, established occupancy, individual electric and water meters for each apartment, and the potential to achieve top-of-market rent, this property offers an excellent addition to any investment portfolio. The neighboring duplex at 1542-1544 Shields Ferry Road is also available for purchase, presenting a unique opportunity for investors looking to acquire multiple income-producing properties in the same area. Whether you are a seasoned investor or looking to enter the rental market, this property offers strong potential for consistent income and long-term appreciation in a growing market. Please contact the listing agent to schedule all showings.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
Laundry: Electric Dryer Hookup, Laundry Closet, Washer Hookup

Features

Flooring: Luxury Vinyl
Common walls with other units/homes: 1 Common Wall

Interior area

Finished area above ground: 1,800
Finished area below ground: 0

Property

Features

Levels: One
Stories: 1
Patio & porch: Covered, Front Porch, Rear Porch
Exterior features: Balcony, Rain Gutters

Lot

Size: 0.30 Acres

Details

Parcel number: 024M

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Vinyl Siding
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1995

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & neighborhood

Location

Region: Morristown
Subdivision: Fairview Garden

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
6/23/2026	Sold	$245,000-9.9%
Source: Lakeway Area AOR #708973 Report a problem
5/19/2026	Pending sale	$272,000
Source: Lakeway Area AOR #708973 Report a problem
5/14/2026	Price change	$272,000-2.1%
Source: Lakeway Area AOR #708973 Report a problem
4/7/2026	Price change	$277,750-2%
Source: Lakeway Area AOR #708973 Report a problem
10/29/2025	Price change	$283,500-2.6%
Source: Lakeway Area AOR #708973 Report a problem
9/11/2025	Listed for sale	$291,000
Source: Lakeway Area AOR #708973 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 37814

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Nearby schools

GreatSchools rating

3/10
Fairview Marguerite
Grades: PK-5Distance: 0.4 mi
4/10
Meadowview Middle School
Grades: 6-8Distance: 1.3 mi
5/10
Morristown East High School
Grades: 9-12Distance: 1.4 mi

Schools provided by the listing agent

Elementary: Fairview-Marg
Middle: Meadowview
High: East

Source: Lakeway Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.