Multifamily Investment Opportunity in
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106 King Ave, Morristown, TN 37814
Five-unit multifamily property with recent capital improvements and diverse unit mix.
Property Size4,500 SF
Price / SF$174.44
Days on Market189
Property Features for 106 King Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multifamily
Zoning
LB
Building Details
Year Built
1974
Listing Agency:
PWA Properties
(865) 936-9999
Listed By:
Cohl Morgan · License #351465
Source:
Crexi
Added: Feb 24
Changed: Aug 31
Last Checked: Jul 22 at 5:52AM
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 PWA Properties
Investment Insights
Based on property information with market context.
Located in Morristown, Tennessee, the property at 106 King Avenue presents a five-unit multifamily investment opportunity. The building contains a diverse unit mix, including two 2-bedroom, 1-bath units, two 1-bedroom, 1-bath units, and one 4-bedroom, 2-bath unit. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors. The building has a total size of 4,500 square feet. The property is centrally located in Morristown, providing convenient access to I-81 and various employers and retailers. The property supports a projected annual income of $75,600.
Key Highlights
- Substantial recent capital improvements (over $150,000) including new roof, updated HVAC, electrical and plumbing upgrades, and new windows/doors.
- Projected annual income of $75,600.
- Diverse unit mix (two 2/1s, two 1/1s, and one 4/2) appealing to a broad tenant base.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with recent capital improvements and diverse unit mix.
Where is this apartment building located?
The property is located at 106 King Ave Morristown, TN.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Substantial recent capital improvements (over $150,000) including **new roof, updated HVAC, electrical and plumbing upgrades, and new windows/doors.**; Projected annual income of $75,600.; Diverse unit mix (two 2/1s, two 1/1s, and one 4/2) appealing to a broad tenant base.
