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17-Unit Apartment Building
New
For Sale
$1,200,000

2215 Buffalo Tr, Morristown, TN 37814

Multi-Family, Morristown, TN

Property Size9,503 SF
Lot Size1.95 Acres
Price / SF$126.28
Days on Market1

Property Features for 2215 Buffalo Tr

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 4
Rooms Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1
Patio and Porch features Patio
Appliances Range, Refrigerator
Directions Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown, Merge onto US-25E N, in 9.3 Miles. Make a left on Cherokee Park and then an immediate left onto Buffalo Trail. In approximately .9 miles, apts will be on your right at the NW corner of Buffalo Trace and Wagon Wheel Drive.
Subdivision Hamblen County - 38
Standard status Active
APN 025 01900 000
Size 9,503 SF
Lot size 1.95 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities water, electric

Taxes and HOA fees

Tax Annual Amount 8060

Utilities

Heating system Electric (Heating), Central
Cooling system Central Air

Building Details

Year built 1935
Number of units 17
Flooring type Tile, Laminate
Building materials Stucco, Frame
Roof type Composition
Listing Agency: Goldman Partners Realty, LLC
Listed By: Solange Velas
Added: Oct 27 Last Checked: Oct 27 at 10:06PM
MLS# 1360218

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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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 1.95-acre parcel. Built in 1935, the building has central electric heating and air conditioning, tile and laminate flooring, and patios. Range and refrigerator appliances are included. Recent capital work was completed over the past 36 months, and the property has on-site parking and road signage.

The property is near Walmart, local retail, restaurants, and Cherokee Lake, with US-11E and I-81 nearby. Traffic on the road is reported at nearly 10,000 vehicles per day. Water and electricity are separately metered, with tenants responsible for those charges. Showings are by appointment.

Key Highlights

  • 17 apartment units in a 9,503‑square‑foot building
  • 1.95‑acre property with on‑site parking
  • Water and electric service separately metered; tenants pay charges

Property Analytics

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Lease Details

17
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

131
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?
Apartment building - Residents pay water and electric charges through separately metered service.
Where is this apartment building located?
The property is located at 2215 Buffalo Tr 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 in a 9,503‑square‑foot building; 1.95‑acre property with on‑site parking; Water and electric service separately metered; tenants pay charges
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