Leased Duplex with Attached
New
For Sale
$329,900
1403 Moyer Lane, Morristown, TN 37814
Both residences are occupied and include a finished lower-level room for additional usable space.
Property Size2,328 SF
Days on Market6
Property Features for 1403 Moyer Lane
General Information
Standard status
Active
Size
2,328 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
7%
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,260
Amenities
in-unit laundry
Building Details
Building Size
2,328 SF
Year Built
1979
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Ten Midtown
(423) 581-8881
Listed By:
Steve Carpenter
(423) 307-7542
Source:
Creekcountryrealestate
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 23 at 3:38PM
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
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Investment Insights
Based on property information with market context.
Built in 1979, this duplex contains two leased residences, each with 2 bedrooms, 1 bathroom, and 1,164 square feet. Both units have an attached private garage, in-unit laundry on the lower level, and an additional finished room downstairs. The property is reported at a 7% cap rate.
The property is on the west side of Morristown, near a hospital, restaurants, shopping, and other everyday services. Interstate access connects the area with Knoxville and Sevierville, each described as a 30- to 45-minute drive.
The property is on the west side of Morristown, near a hospital, restaurants, shopping, and other everyday services. Interstate access connects the area with Knoxville and Sevierville, each described as a 30- to 45-minute drive.
Key Highlights
- Both units are leased; reported cap rate is 7%
- Each residence has 2 bedrooms, 1 bathroom, and 1,164 sq ft
- Private attached garage and in‑unit laundry in each unit
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include a finished lower-level room for additional usable space.
Where is this duplex located?
The property is located at 1403 Moyer Lane Morristown, TN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Both units are leased; reported cap rate is 7%; Each residence has 2 bedrooms, 1 bathroom, and 1,164 sq ft; Private attached garage and in‑unit laundry in each unit
