Morristown Duplex with Income
1987 Joe Stephens Road, Morristown, TN 37814
- Added:
- Sep 10, 2025
- Days on Market:
- 256
- Last Refresh:
- May 23 at 8:06 am
Property Features for 1987 Joe Stephens Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Laundry Room
- Patio and Porch features
- Patio
- Exterior features
- Balcony, Rain Gutters
- Appliances
- Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
- 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
- Central, Varies by Unit (Heating)
- Cooling system
- Ceiling Fan(s), Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Combination
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Trey Cate License #378622 (865) 310-8786
Listing office The Cate Group, Realty & Property Management LLC 303 Rocktown Road, Jefferson City, TN (865) 350-6411
Listing date Sep 10, 2025
MLS# 708974
Listing URL
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.
HighLights
- Potential for rental income: Currently generating $1,950 per month.
- Convertible property: Use as a multi‑family duplex or single‑family home with a mother‑in‑law suite.
- Convenient location: Minutes from downtown Morristown.
- Features a fenced backyard and a patio.
- Includes essential appliances: Dryer, dishwasher, electric oven, electric range, refrigerator, and washer.
- Equipped with central air, wall unit(s), and ceiling fan(s).
Overview
This income-producing property, located in Morristown, TN, generates a combined monthly rental income of $1,950, providing immediate cash flow for investors. Configured as a duplex, both apartments share electric and water meters. The property offers both convenience and long-term flexibility, presenting a solid opportunity for steady income. The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite. Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. The property is situated on a 0.87-acre lot. With rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.366702
- Latitude
- 36.221581
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex in Morristown, TN with conversion potential.
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 $255,000.
What are key features of this property?
This property features: Potential for rental income: Currently generating $1,950 per month.; Convertible property: Use as a multi‑family duplex or single‑family home with a mother‑in‑law suite.; Convenient location: Minutes from downtown Morristown.
