Updated Duplex with Leased
For Sale
$199,900
Pending
1002/1004 E Main St, Morristown, TN 37814
Two leased units offer distinct layouts and individual laundry hookups.
Property SizeContact for details
Days on Market528
Property Features for 1002/1004 E Main St
General Information
Standard status
Pending
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
RE/MAX Real Estate Ten Midtown
(423) 231-9766
Listed By:
Heather Walker · License #337402
(423) 231-9766
Source:
Exitrealty
Added: Mar 24, 2025
Changed: Aug 31
Last Checked: Sep 1 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Ten Midtown
Investment Insights
Based on property information with market context.
This duplex, built in 1900, contains two separately configured residences. The first is a single-level one-bedroom, one-bath unit, while the second includes up to three bedrooms, an upstairs bonus living area, and one and a half baths. One residence has been renovated, and both are occupied under annual lease agreements.
Each unit has its own washer and dryer hookups and two designated parking spaces. A metal roof was installed within the last two years, adding a recent improvement to the property. The asset is located at 1002/1004 E Main St in Morristown, Tennessee, near shopping, dining, and major roadways. The property carries an 8.7% cap rate. A neighboring rental at 926 E Main St is also available for purchase.
Each unit has its own washer and dryer hookups and two designated parking spaces. A metal roof was installed within the last two years, adding a recent improvement to the property. The asset is located at 1002/1004 E Main St in Morristown, Tennessee, near shopping, dining, and major roadways. The property carries an 8.7% cap rate. A neighboring rental at 926 E Main St is also available for purchase.
Key Highlights
- Two‑unit duplex with both residences leased on annual agreements
- 8.7% cap rate
- Unit mix includes one 1‑bedroom, 1‑bath residence and one unit with up to 3 bedrooms and 1.5 baths
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 37814, TN
34,130
Population
15,287
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
43.9 sq mi
ZIP Area
777
Density / Sq Mi
$51,083
Median Household Income
$35,062
Median Earnings
$859
Median Rent
$192,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer distinct layouts and individual laundry hookups.
Where is this duplex located?
The property is located at 1002/1004 E Main St Morristown, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with both residences leased on annual agreements; 8.7% cap rate; Unit mix includes one 1‑bedroom, 1‑bath residence and one unit with up to 3 bedrooms and 1.5 baths
