17-Unit Apartment
For Sale
$1,200,000
2215 Buffalo Trl, Morristown, TN 37814
Separate water and electric meters serve each residence, with tenants responsible for those utility charges.
Property Size9,503 SF
Lot Size2.00 Acres
Price / SF$126.28
Days on Market11
Property Features for 2215 Buffalo Trl
General Information
Standard status
Active
Size
9,503 SF
Lot size
2.00 Acres
Property subtype
Residential Income
Financials
Asking Price
$1,200,000
Cap Rate
8.3%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
17
Individually Metered Utilities
water, electricity
Taxes and HOA fees
Annual Taxes
$8,059
Listing Agency:
Goldman Partners Realty, LLC
(865) 444-3240
Listed By:
Solange Velas · License #263596
(865) 368-2787
Source:
Exprealty
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 4 at 4:30PM
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 Goldman Partners Realty, LLC
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Investment Insights
Based on property information with market context.
This 17-unit apartment property contains 9,503 square feet on a 2-acre corner parcel in Morristown. Each unit has separate water and electric meters, and tenants pay those utility charges. On-site parking and road signage are also in place. Capital improvements have been completed over the past 36 months.
Walmart, local shops, restaurants, and Cherokee Lake are described as steps away. The property is near US-11E and I-81, and the reported traffic count is nearly 10,000 cars per day.
Walmart, local shops, restaurants, and Cherokee Lake are described as steps away. The property is near US-11E and I-81, and the reported traffic count is nearly 10,000 cars per day.
Key Highlights
- 17 apartment units totaling 9,503 square feet
- 2‑acre corner lot with on‑site parking
- Separate water and electric meters for all units; tenants pay utility charges
Property Analytics
Who owns this building?
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Lease Details
17
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
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?
Apartment building - Separate water and electric meters serve each residence, with tenants responsible for those utility charges.
Where is this apartment building located?
The property is located at 2215 Buffalo Trl 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 apartment units totaling 9,503 square feet; 2‑acre corner lot with on‑site parking; Separate water and electric meters for all units; tenants pay utility charges
