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Duplex with Rear Patio
For Sale
$218,000

1987 Joe Stephens Road, Morristown, TN 37814

Residential Income, Morristown, TN

Property SizeContact for details
Lot Size0.87 Acres
Days on Market403

Property Features for 1987 Joe Stephens Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2
Patio and Porch features Patio
Exterior features Balcony, Rain Gutters
Appliances Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
Elementary school Manley
Middle school Westview
High school West
Directions Traveling East on 11E, stay on the highway until you get to the red light in front of Ingles that allows you to turn on to Kidwell Ridge Rd. Take a left at the light, and travel down the road until you veer slightly to the right on to Joe Stephens Road. Once on this road, follow it until you see the home up on a hill to your left.
Standard status Active
APN 032
Lot size 0.87 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 504

Utilities

Sewer type Septic Tank
Heating system Varies by Unit (Heating), Central
Cooling system Wall Unit(s), Ceiling Fan(s), Central Air
Water source Public

Amenities

fenced backyard
rear patio

Building Details

Year built 1952
Floors in Building 1
Number of units 2
Flooring type Combination, Vinyl, Wood
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: The Cate Group, Realty & Property Management LLC
Listed By: Trey Cate · License #378622
Added: Sep 10, 2025 Changed: Oct 17 Last Checked: Oct 17 at 5:06PM
MLS# 708974

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

Built in 1952, this duplex contains two apartments and includes a rear patio and fenced backyard. The units share electric and water meters. Interior features listed include a mix of vinyl and wood flooring, laundry space, and two bathrooms. Appliances include a washer, dryer, dishwasher, electric range, oven, and refrigerator.

The property occupies 0.87 acres and has public water service and a septic system. Exterior details include vinyl siding, a shingle roof, rain gutters, and a balcony.

Key Highlights

  • Duplex configuration with two apartments
  • 0.87‑acre lot
  • Shared electric and water meters

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Hair Salon Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two apartments share electric and water meters, with a fenced outdoor area at the rear.
Where is this duplex located?
The property is located at 1987 Joe Stephens Road Morristown, TN.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: Duplex configuration with two apartments; 0.87‑acre lot; Shared electric and water meters
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