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    1562-1564 Shields Ferry Rd Morristown, TN 37814

    For Sale
    $283,500

    Duplex - Morristown, TN

    Type:Duplex
    Lot size:
    0.30 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1562-1564 Shields Ferry Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    Exterior features
    Balcony, Rain Gutters
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1995
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    The Cate Group, Realty & Property Management LLC

    Listing agent Trey Cate (865) 350-6411 License #378622

    Listing date Nov 7, 2025

    MLS# 708973 Listing URL

    Copyright © 2025 Lakeway Area Association of 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 Duplex Near Downtown

    This duplex is located a few minutes from downtown Morristown. Both units are currently occupied by tenants, generating a total monthly rental income of $1,430. The property is situated on a 0.3-acre lot. This property and the neighboring duplex at 1542-1544 Shields Ferry Road are being sold separately.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.295636
    Latitude
    36.232084

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    FAQs

    What type of property is this?
    Duplex - Duplex near downtown Morristown with tenants, generating $1,430 monthly.
    Where is this duplex located?
    The property is located at 1562-1564 Shields Ferry Rd Morristown, TN.
    What is the asking price?
    The asking price for this property is $283,500.
    What are key features of this property?
    This property features: - Duplex property generating rental income; - Total monthly rent income of $1,430; - Located a few minutes from downtown Morristown
    (865) 350-6411
    Request Owner's contact information
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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
    1562-1564 Shields Ferry Rd Morristown, TN 37814
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