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Duplex with Fenced Backyard
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 Market382

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, Bedroom 1, Laundry Room, Bedroom 2, Bathroom 1, 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 Central Air, Wall Unit(s), Ceiling Fan(s)
Water source Public

Amenities

fenced backyard
rear patio

Building Details

Year built 1952
Floors in Building 1
Number of units 2
Flooring type Combination, Wood, Vinyl
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: Sep 16 Last Checked: Sep 26 at 1:06AM
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.

Investment Insights

Based on property information with market context.

This duplex in Morristown, Tennessee, was built in 1952 and includes two residential units with three bedrooms, two bathrooms, laundry space, and a rear patio. The units share electric and water meters. Interior finishes include wood and vinyl flooring, while heating and cooling vary by unit and include central systems, wall units, and ceiling fans. Appliances include refrigerators, electric ranges, ovens, dishwashers, washers, and dryers.

The property occupies 0.87 acres at 1987 Joe Stephens Road and has a fenced backyard area. Public water and septic service are in place, with vinyl siding and a shingle roof. The existing configuration supports continued multifamily use, and the property information also identifies the possibility of adapting the layout into a single-family residence with a private mother-in-law suite.

Key Highlights

  • Duplex configuration with 2 residential units
  • 0.87‑acre property at 1987 Joe Stephens Road, Morristown, TN 37814
  • 3 bedrooms and 2 bathrooms

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
Fenced yard

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with shared utility meters, rear patio, and public water service.
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 2 residential units; 0.87‑acre property at 1987 Joe Stephens Road, Morristown, TN 37814; 3 bedrooms and 2 bathrooms
More about this property
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