About 311 East 4th North Street
Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
Features of 311 East 4th North Street
| MLS® # | 9986151 |
|---|---|
| Price | $199,900 |
| Square Footage | 1,696 |
| Acres | 0.23 |
| Year Built | 1949 |
| Type | Multi Family |
| Sub-Type | Duplex |
| Style | Duplex |
| Status | Pending |
Community Information
| Address | 311 East 4th North Street |
|---|---|
| City | Morristown |
| County | Hamblen |
| State | TENNESSEE |
| Zip Code | 37814 |
Amenities
| Utilities | Electricity Connected, Water Connected |
|---|---|
| Garages | Gravel |
| Is Waterfront | No |
Interior
| Appliances | Electric Range, Refrigerator |
|---|---|
| Heating | Electric, Heat Pump |
| Cooling | Heat Pump |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
| Has Basement | Yes |
| Basement | Crawl Space, Exterior Entry, Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Cleared |
| Roof | Metal |
School Information
| Elementary | Hillcrest |
|---|---|
| Middle | Meadowview |
| High | East High |
Additional Information
| Date Listed | September 23rd, 2025 |
|---|---|
| Days on Market | 36 |
| Zoning | R2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | REMAX Real Estate Ten of Morristown |
|---|