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    1215 Shields Ferry Rd Morristown, TN 37814

    Pending
    For Sale
    $775,000

    MULTI_FAMILY - Morristown, TN

    Property size:
    5,360 SF
    Lot size:
    0.41 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 1215 Shields Ferry Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 7, Bathroom 2, Bathroom 5, Bathroom 8, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 6, Bedroom 1
    Bedrooms
    4
    APN
    033D I 011.02
    Patio and Porch features
    Patio
    Appliances
    Range, Refrigerator
    Size
    5,360 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Zoned, Electric (Heating)
    Cooling system
    Zoned, Wall Unit(s)

    Building Details

    Year built
    1976
    Number of units
    8
    Flooring type
    Laminate, Vinyl
    Building materials
    Brick, Block
    Roof type
    Composition

    Goldman Partners Realty, LLC (865) 444-3241 [email protected]

    Listing agent Solange Velas (865) 368-2787

    Listing date Oct 19, 2025

    Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morristown Eight-Plex Investment Opportunity

    This fully rented eight-unit complex, constructed in 1976, presents a strong investment opportunity in Morristown, Tennessee. The property is conveniently located minutes from Walmart and other essential amenities. Recent updates include a new roof with 6-inch gutters, new windows, fresh appliances, and updated unit flooring. Two units feature ductless mini-splits, while the remaining units have PTAC systems. All units are equipped with washer/dryer connections, stoves, and refrigerators. The property size is 5360 square feet and sits on a 0.41-acre lot. Tenants pay a flat fee for WiFi and water provided by the seller, and are also responsible for their individual electric and trash expenses. The property's location offers convenient access to major retail, dining options, highways, and public services. The property is located in Hamblen County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.295219
    Latitude
    36.227084

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    FAQs

    What type of property is this?
    Apartment building - Fully rented eight-unit complex with a new roof and strong cap rate.
    Where is this apartment building located?
    The property is located at 1215 Shields Ferry Rd Morristown, TN.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Fully rented 8-unit complex boasting a strong 7.2% cap rate, presenting a fantastic investment opportunity.; - Enjoy peace of mind with a new roof featuring 6-inch gutters, alongside new windows, fresh appliances, and updated unit flooring.; - Prime location just minutes from Walmart and other essential amenities.
    (865) 368-2787
    Request Owner's contact information
    1215 Shields Ferry Rd Morristown, TN 37814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 Shields Ferry Rd Morristown, TN 37814
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