309 W 7th North Street, Morristown, TN 37814

$219,900
4
BD
2
BA

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List Price
$219,900
MLS#
712869
Status
ACTIVE
Type
Multifamily
City
Morristown
County
Hamblen
Bedrooms
4
Bathrooms
2
Lot Size
10,454
Year Built
1965

Property Description

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!

Additional Information

Acres
0.24
Appliances
Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Cooling
Central Air, Heat Pump
Lot Description
City Lot
Style
Ranch
Year Built
1965

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Calculator source: Real Geeks

Agent: Steve Carpenter |

Office: RE/MAX Real Estate Ten Midtown |