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!
Pending
$249,900
926 E Main St, Morristown, TN 37814
4beds
--sqft
Est.:
Triplex, Multi Family
Built in 1900
-- sqft lot
$246,000 Zestimate®
$--/sqft
$-- HOA
What's special
Improved crawl spaceOff-street parking spaces
- 78 days |
- 395 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 11:40am
Listed by:
Heather Walker 423-231-9766,
RE/MAX Real Estate Ten Midtown 423-581-8881
Source: Lakeway Area AOR,MLS#: 709107
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Electric, Separate Meters, Varies by Unit, Other
Cooling
- Electric, Heat Pump, Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Multiple Locations, Washer Hookup
Features
- Basement: Apartment,Exterior Entry,Finished,Walk-Out Access
Interior area
- Finished area above ground: 1,680
- Finished area below ground: 672
Property
Lot
- Size: 10,018.8 Square Feet
- Features: City Lot
Details
- Parcel number: 008.00
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Location
- Region: Morristown
Financial & listing details
- Tax assessed value: $80,500
- Annual tax amount: $1,017
- Date on market: 10/16/2025
- Inclusions: Range/Oven (3), Refrigerator (3)
- Exclusions: Tenants' Personal Property
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
$246,000
$234,000 - $258,000
$1,349/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Pending sale | $249,900 |
Source:  Lakeway Area AOR #709107 Report a problem | ||
| 10/16/2025 | Listed for sale | $249,900 |
Source:  East Tennessee Realtors #1316330 Report a problem | ||
| 9/27/2025 | Pending sale | $249,900 |
Source: East Tennessee Realtors #1316330 Report a problem | ||
| 9/23/2025 | Listed for sale | $249,900 |
Source: TVRMLS #9986152 Report a problem | ||
| 7/3/2025 | Listing removed | $249,900 |
Source: TVRMLS #9977716 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,018 | $32,200 |
| 2023 | $1,018 -7.7% | $32,200 -7.7% |
| 2022 | $1,102 | $34,880 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,426/mo
Principal & interest
$1262
Home insurance
$87
Property taxes
$77
Climate risks
Neighborhood: 37814
Nearby schools
GreatSchools rating
- 4/10Hillcrest Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Meadowview Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Morristown East High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Hillcrest
- Middle: Meadowview
- High: East
Source: Lakeway Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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