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    1987 Joe Stephens Rd Morristown, TN 37814

    For Sale
    $268,000

    Duplex - Morristown, TN

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

    Property Features for 1987 Joe Stephens Rd

    General Information

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

    Utilities

    Heating system
    Central, Varies by Unit (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Multi Units, Wall Unit(s)

    Building Details

    Year built
    1952
    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# 708974 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 with Income Potential

    Located minutes from downtown Morristown, this property offers a peaceful setting. Currently configured as a duplex, it presents the option to be converted into a single-family residential home with a mother-in-law suite. The property includes a fenced backyard area and a patio. The combined monthly income for both apartments is currently $1,950. The lot size is 0.87 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store HVAC Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.366702
    Latitude
    36.221581

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    FAQs

    What type of property is this?
    Duplex - Duplex near downtown Morristown, TN, with income potential.
    Where is this duplex located?
    The property is located at 1987 Joe Stephens Rd Morristown, TN.
    What is the asking price?
    The asking price for this property is $268,000.
    What are key features of this property?
    This property features: - Potential for rental income of $1,950 per month.; - Convertible: Can be used as a multi-family duplex or single-family home with a mother-in-law suite.; - Close proximity to downtown Morristown.
    (865) 350-6411
    Request Owner's contact information
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    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
    1987 Joe Stephens Rd Morristown, TN 37814
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