Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Sold for $185,000
$185,000
311 E 4th North St, Morristown, TN 37814
4beds
2baths
1,696sqft
Duplex, Multi Family
Built in 1949
-- sqft lot
$219,400 Zestimate®
$109/sqft
$1,232 Estimated rent
Home value
$219,400
$186,000 - $252,000
$1,232/mo
Zestimate® history
Owner options
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$1,232/mo
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$1,232/mo
Rent Zestimate®
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$1,126/mo
Est. payment
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$1,126/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Heather Walker 423-231-9766,
REMAX Real Estate Ten of Morristown
Bought with:
Non Member
Non Member
Source: TVRMLS,MLS#: 9986151
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric, Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Basement: Crawl Space,Exterior Entry,Unfinished
Interior area
- Total structure area: 1,696
- Total interior livable area: 1,696 sqft
Property
Parking
- Parking features: Gravel
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,018 Square Feet
- Dimensions: 68' x 133'
- Topography: Cleared
Details
- Parcel number: 027.00
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Metal
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Morristown
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $175,100
- Annual tax amount: $1,578
- Date on market: 9/23/2025
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Sold | $185,000-7.5%$109/sqft |
Source: TVRMLS #9986151 Report a problem | ||
| 10/28/2025 | Pending sale | $199,900$118/sqft |
Source:  East Tennessee Realtors #1316331 Report a problem | ||
| 9/23/2025 | Listed for sale | $199,900+505.8%$118/sqft |
Source: TVRMLS #9986151 Report a problem | ||
| 2/8/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/25/2022 | Listed for rent | $700 |
Source: Zillow Rental Manager Report a problem | ||
| 5/1/2015 | Sold | $33,000-5.7%$19/sqft |
Source: Public Record Report a problem | ||
| 9/17/2013 | Listing removed | $35,000$21/sqft |
Source: EXIT TRIPLE E REALTY #545617 Report a problem | ||
| 7/11/2013 | Price change | $35,000+16.7%$21/sqft |
Source: EXIT TRIPLE E REALTY #545617 Report a problem | ||
| 5/7/2013 | Price change | $30,000-33.3%$18/sqft |
Source: EXIT TRIPLE E REALTY #545617 Report a problem | ||
| 1/10/2013 | Listed for sale | $45,000$27/sqft |
Source: EXIT TRIPLE E REALTY #545617 Report a problem | ||
| 11/17/2012 | Listing removed | $45,000$27/sqft |
Source: EXIT TRIPLE E REALTY #545617 Report a problem | ||
| 6/23/2012 | Price change | $45,000-10%$27/sqft |
Source: REALTY HOUSE #545617 Report a problem | ||
| 5/27/2012 | Listed for sale | $50,000+203%$29/sqft |
Source: REALTY HOUSE #545605 Report a problem | ||
| 5/10/2012 | Sold | $16,500-52.9%$10/sqft |
Source: Public Record Report a problem | ||
| 2/10/2012 | Price change | $35,000-22.2%$21/sqft |
Source: Realty Executives Associates #780907 Report a problem | ||
| 11/20/2011 | Listed for sale | $45,000+17.6%$27/sqft |
Source: Realty Executives Associates #780907 Report a problem | ||
| 11/16/2011 | Sold | $38,280-4.3%$23/sqft |
Source: Public Record Report a problem | ||
| 5/30/1996 | Sold | $40,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,578 +53.7% | $70,040 +115.6% |
| 2024 | $1,026 | $32,480 |
| 2023 | $1,026 | $32,480 |
| 2022 | $1,026 | $32,480 |
| 2021 | $1,026 +0.1% | $32,480 |
| 2020 | $1,025 -1.6% | $32,480 +6% |
| 2019 | $1,042 +7.9% | $30,640 |
| 2018 | $965 +65.8% | $30,640 |
| 2017 | $582 | $30,640 |
| 2016 | $582 -31% | $30,640 |
| 2015 | $844 | $30,640 |
| 2014 | -- | $30,640 +53.2% |
| 2013 | -- | $20,000 -47.1% |
| 2011 | $1,017 | $37,800 |
| 2010 | $1,017 | $37,800 |
| 2009 | -- | $37,800 +49.8% |
| 2008 | $798 -4.5% | $25,240 |
| 2007 | $835 +17.8% | $25,240 |
| 2006 | $709 | $25,240 |
| 2005 | $709 -10.8% | $25,240 |
| 2004 | $795 +63.5% | $25,240 +63.5% |
| 2003 | $486 | $15,440 0% |
| 2001 | -- | $15,442 -60% |
| 2000 | -- | $38,605 |
Find assessor info on the county website
Neighborhood: 37814
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Nearby schools
GreatSchools rating
- 4/10Hillcrest Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Meadowview Middle SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Morristown East High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Hillcrest
- Middle: Meadowview
- High: East High
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Tennessee
- Hamblen County
- Morristown
- 37814
- 311 E 4th North St
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