926 E Main St, Morristown, TN 37814
$249,900
Property Type:
Multi-Family
Status:
Pending - Continue to Show - Inspection
Current Price:
$249,900
List Date:
10/16/2025
Last Modified:
12/08/2025
Description
Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
More Information MLS# 1316330
Location, Tax & Legal Info
Area: Hamblen County - 38
City/County Code: City Limits
Elementary School: Hillcrest
Middle School: Meadowview
Total Tax: 1017.52
High School: Morristown East
Contract Info
Auction Y/N: No
Listing Price: 249900
Current Price: $249,900
Status: Pending - Continue to Show - Inspection
Listing Date: 2025-09-23
General Property Description
Lot Dimensions: 68'x149
# Units Leased: 3
Utilities/Mo Avg: 114
Property Status: N/A
Driveway: Yes
Number of Units: 3
Year Built: 1900
Remarks & Misc
Directions: From Andrew Johnson Hwy turn onto Evans Ave, Turn Left onto E Main St, Property on Left
Public Remarks: Turn-Key Triplex in the Heart of Morristown—Fully Leased & Cash-Flowing
Expand your portfolio with this income-producing triplex offering three rentable spaces: two side-by-side main-level units plus a basement efficiency—each occupied on annual leases. Current figures show approx. $29,400 gross annual income, $24,965 estimated net income, and an approx. 10% cap rate based on present leases and expenses. Recent improvements include a newly renovated bathroom in Unit B and an improved crawl space for peace of mind. Tenants enjoy 1-2 off-street parking spaces per unit and a convenient location close to shopping, dining, and major thoroughfares. If you're seeking steady cash flow in a prime Morristown setting, this property checks the boxes!
Income/Expenses
Gross Annual Income: 29400
Annual Oper Expenses: 4435
Property Sub-Type
Triplex: 1
Construction
Block: 1
Type of Units
Efficiency Unit: 1
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Siding
Vinyl: 1
Sale Includes
Building and Land: 1
Miscellaneous
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Window Unit(s): 1
Floors
Other: 1
Garage/Parking
Off-Street Parking: 1
Tenant Expenses
Electricity: 1
Owner Expenses
Exterior Maintenance: 1
Insurance: 1
Roof Maintenance: 1
Taxes: 1
Water: 1
Fuel
Electric: 1
Heat
Heat Pump: 1
Other: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Shingle: 1
New Financing
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 926
St Dir: E
Street Name: Main
St Suffix: St
State/Province: TN
Zip Code: 37814
PIN #: 008.00
Geo Lat: 36.217709
Geo Lon: -83.282555
Status Change Info
Status Change Date: 2025-12-08
Under Contract Date: 2025-12-08
IncomeExpenses
Net Operating Income: 24965
Property Features
Property Sub-Type: Triplex
Type of Units: Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes: Building and Land
Floors: Other
Tenant Expenses: Electricity
Owner Expenses: Exterior Maintenance; Insurance; Roof Maintenance; Taxes; Water
Fuel: Electric
Heat: Heat Pump; Other
Cooling: Central Cooling; Window Unit(s)
Appliances: Range; Refrigerator
Construction: Block
Roof: Shingle
Siding: Vinyl
Other Rooms: Other
Miscellaneous: Washer/Dryer Cnctns
New Financing: Conventional
Showing: See Agent Instructns
Listing Office:
ReMax Real Estate Ten
IDX
Office Phone: 423-581-8881
Last Updated: December - 08 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
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