Investment Opportunity in West End Morristown - 9% Cap Rate Triplex on Nearly 1 Acre
Located in a desirable area of West End Morristown, this well-positioned triplex sits on a spacious 0.94-acre lot and offers immediate cash flow with a current cap rate of approximately 9%. Each unit is separately metered and fully occupied, providing stable rental income with room for future growth.
The property features ample parking, a large shared yard, and potential for expansion or value-add improvements. Whether you're a seasoned investor or looking to start your portfolio, this triplex presents a rare opportunity in a sought-after area close to schools, shopping, and major roadways.
Sold for $355,000
Zillow last checked:
Listing updated:
Bought with:
Steve Carpenter, 352661
RE/MAX Real Estate Ten Midtown
Source: Lakeway Area AOR,MLS#: 708381
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Sold | $355,000-1.4% |
Source:  Lakeway Area AOR #708381 Report a problem | ||
| 1/9/2026 | Pending sale | $359,900 |
Source: Lakeway Area AOR #708381 Report a problem | ||
| 10/1/2025 | Price change | $359,900-1.4% |
Source: Lakeway Area AOR #708381 Report a problem | ||
| 9/13/2025 | Price change | $364,900-3.9% |
Source: Lakeway Area AOR #708381 Report a problem | ||
| 7/22/2025 | Listed for sale | $379,900+28.8% |
Source: Lakeway Area AOR #708381 Report a problem | ||
| 1/18/2024 | Sold | $295,000-1.6% |
Source: Lakeway Area AOR #701467 Report a problem | ||
| 1/9/2024 | Pending sale | $299,900 |
Source: Lakeway Area AOR #701467 Report a problem | ||
| 12/16/2023 | Contingent | $299,900 |
Source: TVRMLS #9957673 Report a problem | ||
| 12/16/2023 | Pending sale | $299,900 |
Source:  East Tennessee Realtors #1241640 Report a problem | ||
| 10/3/2023 | Listed for sale | $299,900+15.3% |
Source: Lakeway Area AOR #701467 Report a problem | ||
| 2/22/2022 | Sold | $260,000-10.3% |
Source: Public Record Report a problem | ||
| 2/17/2022 | Pending sale | $289,900 |
Source: Lakeway Area AOR #605199 Report a problem | ||
| 1/5/2022 | Contingent | $289,900 |
Source: Lakeway Area AOR #605199 Report a problem | ||
| 1/3/2022 | Listed for sale | $289,900+107.1% |
Source: Lakeway Area AOR #605199 Report a problem | ||
| 3/15/2019 | Sold | $140,000-11.9% |
Source: Public Record Report a problem | ||
| 1/17/2019 | Pending sale | $159,000 |
Source: TRI-STATE REALTY #581586 Report a problem | ||
| 1/7/2019 | Listed for sale | $159,000 |
Source: TRI-STATE REALTY #581586 Report a problem | ||
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