This property is an excellent opportunity to expand your investment portfolio, generating an annual income of over $75,000. With 7 one-bedroom units and essential upgrades already completed, this property ensures long-term value and offers the potential for low maintenance for years to come. Convenient East Tennessee location and attractive features make this a must-see for serious investors.
Sold for $700,000
$700,000
3241 Enka Hwy, Morristown, TN 37813
7beds
7baths
--sqft
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$--/sqft
$2,582 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,582/mo
Zestimate® history
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$4,038/mo
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Zillow last checked:
Listing updated:
Listed by:
Ben Cantwell 423-438-7077,
Greater Impact Realty Lakeway
Bought with:
Non Member
Non Member
Source: TVRMLS,MLS#: 9974013
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
Heating
- Other
Cooling
- Other
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Luxury Vinyl
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Parking Pad
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 0.4 Acres
- Dimensions: 188 x 127 x 135 x 1 79
- Topography: Level
Details
- Parcel number: 050 134.02
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Block, Vinyl Siding
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Morristown
Financial & listing details
- Tax assessed value: $443,100
- Annual tax amount: $2,605
- Date on market: 12/3/2024
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2025 | Sold | $700,000-6.7% |
Source: TVRMLS #9974013 Report a problem | ||
| 12/16/2024 | Pending sale | $749,900 |
Source: TVRMLS #9974013 Report a problem | ||
| 12/3/2024 | Listed for sale | $749,900+15.4% |
Source: TVRMLS #9974013 Report a problem | ||
| 5/20/2022 | Sold | $650,000+186.6% |
Source: Agent Provided Report a problem | ||
| 4/20/2007 | Sold | $226,800 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,605 +70.3% | $177,240 +128.2% |
| 2024 | $1,530 | $77,680 |
| 2023 | $1,530 | $77,680 |
| 2022 | $1,530 | $77,680 |
| 2021 | $1,530 | $77,680 |
| 2020 | $1,530 +0.8% | $77,680 +9% |
| 2019 | $1,518 | $71,280 |
| 2018 | $1,518 +0% | $71,280 |
| 2017 | $1,518 | $71,280 |
| 2016 | $1,518 +15.1% | $71,280 |
| 2015 | $1,319 | $71,280 |
| 2014 | -- | $71,280 -1.4% |
| 2013 | -- | $72,280 |
| 2011 | $1,337 | $72,280 |
| 2010 | $1,337 | $72,280 -22.3% |
| 2009 | -- | $93,000 +48% |
| 2008 | $1,382 | $62,840 |
| 2007 | $1,382 +4.8% | $62,840 |
| 2006 | $1,320 | $62,840 |
| 2005 | $1,320 -11% | $62,840 |
| 2004 | $1,483 +46.1% | $62,840 +46.1% |
| 2003 | $1,015 | $43,000 -0.1% |
| 2001 | -- | $43,028 -59.6% |
| 2000 | -- | $106,602 |
Find assessor info on the county website
Neighborhood: 37813
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Union Heights Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10East Ridge Middle SchoolGrades: 6-8Distance: 6.8 mi
- 5/10Morristown East High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Union Heights
- Middle: East Ridge
- High: Morristown East
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
- 37813
- 3241 Enka Hwy
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