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 Market574
Property Features for 1002/1004 E Main St
General Information
Standard status
Pending
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
ReMax Real Estate Ten
(423) 581-8881
Listed By:
Heather Walker · License #337402
(423) 231-9766
Source:
Exitrealty
Added: Mar 24, 2025
Changed: Sep 2
Last Checked: Sep 15 at 6:33AM
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 ReMax Real Estate Ten
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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
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
