Pending

$359,900

5954 Hiawatha Rd, Morristown, TN 37814

6beds

--sqft

Est.:

Triplex, Multi Family

Built in 1979

-- sqft lot

$342,400 Zestimate^®

$--/sqft

$-- HOA

What's special

Large shared yardAmple parking

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.

181 days

243

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Electric

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Laundry Closet

Features

Flooring: Ceramic Tile, Linoleum, Vinyl

Interior area

Finished area above ground: 1,537
Finished area below ground: 781

Property

Features

Levels: Two
Stories: 2

Lot

Size: 0.94 Acres
Features: Back Yard

Details

Parcel number: 035.08

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family

Materials

Block, Brick
Foundation: Block
Roof: Shingle

Condition

New construction: No
Year built: 1979

Utilities & green energy

Electric: 220 Volts in Laundry
Sewer: Septic Tank
Water: Public

Community & HOA

Location

Region: Morristown

Financial & listing details

Tax assessed value: $307,800
Annual tax amount: $1,141
Date on market: 7/22/2025
Tenant pays: Electricity, Water

Estimated market value

$342,400

$325,000 - $360,000

$1,564/mo

Price history

Date	Event	Price
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: East Tennessee Realtors #1241640 Report a problem