17-Unit Apartment
For Sale
$1,200,000
2215 Buffalo Trail, Morristown, TN 37814
Multifamily community with one- and two-bedroom layouts, individual utility metering, and established 1935 construction.
Property Size9,772 SF
Days on Market152
Property Features for 2215 Buffalo Trail
General Information
Standard status
Active
Size
9,772 SF
Property subtype
Multifamily
Additional Details
Cap Rate
8.14%
Highway Access
Yes
Multifamily Units
17
Amenities
Located in Morristown, TN, a growing Lakeway region city with strong manufacturing and logistics industries supporting long-term rental demand.
Current ownership has invested $60,000 in capital improvements over the past 36 months.
Opportunity to increase rents through interior upgrades and enhanced amenities.
Units are individually metered for electricity and water, with tenants responsible for utilities.
17-unit apartment community featuring a mix of one-bedroom and two-bedroom floor plans.
Building Details
Building Size
9,772 SF
Year Built
1935
Units
17
Listing Agency:
Nashville Office
(615) 997-2893
Listed By:
Harrison Johnson · License #TN: 370379
(615) 997-2893
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 8:34AM
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 Nashville Office
Investment Insights
Based on property information with market context.
Buffalo Trail Apartments is a 17-unit multifamily property in Morristown, Tennessee, with a combination of one- and two-bedroom residences. The community dates to 1935 and features individual utility metering. Recent capital improvements have been completed, while interior upgrades and amenity enhancements remain identified areas for further work.
The property is positioned near major employers and industrial parks in Northeast Tennessee. Access to US-11E and I-81 connects the community with Knoxville and Johnson City. Its 17-unit scale provides a smaller multifamily configuration with a straightforward residential layout and separately metered utilities.
The property is positioned near major employers and industrial parks in Northeast Tennessee. Access to US-11E and I-81 connects the community with Knoxville and Johnson City. Its 17-unit scale provides a smaller multifamily configuration with a straightforward residential layout and separately metered utilities.
Key Highlights
- 17‑unit apartment community in Morristown, TN
- Mix of one- and two‑bedroom floor plans
- 1935 construction with classic architectural character
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
131
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community with one- and two-bedroom layouts, individual utility metering, and established 1935 construction.
Where is this apartment building located?
The property is located at 2215 Buffalo Trail Morristown, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 17‑unit apartment community in Morristown, TN; Mix of one- and two‑bedroom floor plans; 1935 construction with classic architectural character
