Pending

$219,900

309 W 7th North St, Morristown, TN 37814

4beds

--sqft

$1,460/mo

Get pre-qualified

Duplex, Multi Family

Built in 1965

-- sqft lot

$210,000 Zestimate^®

$--/sqft

$-- HOA

What's special

Cozy fireplaceHardwood floors

Don't miss this income-producing duplex at 309 W 7th North St! Featuring two units, each with 2 bedrooms and 1 bath, this property combines classic charm with strong investment fundamentals -- including hardwood floors and a cozy fireplace in place, adding character tenants will love. Currently generating a solid 7 CAP, with the potential to reach up to 13 CAP through strategic improvements and rent optimization -- a compelling opportunity for value-add investors. The location is hard to beat: minutes from the hospital, close to downtown Morristown, and convenient to mall shopping and a wide range of other amenities. This combination of walkability, accessibility, and upside potential makes it a standout addition to any rental portfolio. Whether you're a seasoned investor or looking to add your first multi-family property, this duplex offers both immediate income and room to grow. Contact us today for financials and to schedule your showing!

42 days
45
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Heat Pump

Cooling

Central Air, Heat Pump

Appliances

Included: Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Laundry: In Kitchen

Features

Ceiling Fan(s)
Flooring: Hardwood, Linoleum, Tile
Windows: Metal Frames
Has fireplace: Yes
Fireplace features: Metal
Common walls with other units/homes: 1 Common Wall

Interior area

Finished area above ground: 1,809
Finished area below ground: 0

Property

Accessibility

Accessibility features: Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Entrance, Accessible Kitchen, Central Living Area, Common Area

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch

Lot

Size: 10,454 Square Feet
Features: City Lot

Details

Parcel number: 033L E 01101 000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Duplex, Multi Family

Materials

Brick
Foundation: Brick/Mortar
Roof: Asphalt

Condition

New construction: No
Year built: 1965
Major remodel year: 1965

Utilities & green energy

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

Community & HOA

Location

Region: Morristown

Financial & listing details

Tax assessed value: $201,100
Annual tax amount: $1,811
Date on market: 9/4/2026
Tenant pays: Electricity, Water

Estimated market value

$210,000

$200,000 - $221,000

$1,408/mo

Price history

Date	Event	Price
9/11/2026	Pending sale	$219,900
Source: Lakeway Area AOR #712869 Report a problem
9/4/2026	Listed for sale	$219,900+181.9%
Source: Lakeway Area AOR #712869 Report a problem
1/6/2006	Sold	$78,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,812 +50.6%	$80,440 +111.2%
2024	$1,203	$38,080
2023	$1,203	$38,080
2022	$1,203	$38,080
2021	$1,203 +0.1%	$38,080
2020	$1,202 +20.2%	$38,080 +29.5%
2019	$1,000 +7.9%	$29,400
2018	$926 +65.7%	$29,400
2017	$559	$29,400
2016	$559 -31%	$29,400
2015	$810	$29,400
2014	--	$29,400 -15.8%
2013	--	$34,920
2011	$939	$34,920
2010	$939	$34,920
2009	--	$34,920 +22.3%
2008	$903 -4.5%	$28,560
2007	$945 +17.8%	$28,560
2006	$803 +2.4%	$28,560 +2.4%
2005	$783 -10.8%	$27,880
2004	$878 +4.7%	$27,880 +4.7%
2003	$839	$26,640 +0.2%
2001	--	$26,578 -60%
2000	--	$66,444