17-Unit Apartment
2215 Buffalo Tr, Morristown, TN 37814
For Sale
$1,200,000
Pending
Multi-Family, Morristown, TN
Property Size9,503 SF
Lot Size1.95 Acres
Days on Market17
Property Features for 2215 Buffalo Tr
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Patio and Porch features
Appliances
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Goldman Partners Realty, LLC
(865) 444-3240
Listed By:
Solange Velas · License TN #263596
(865) 444-3241
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 12 at 7:06PM
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.
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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 and was built in 1935. Apartments include ranges and refrigerators; building features include central electric heat, central air conditioning, and patios. Water and electric service are separately metered, with tenants paying those utility charges. The property has an 8.3 cap rate.
The site occupies a corner and includes on-site parking and road signage. Walmart, local shops, restaurants, Cherokee Lake, US-11E, and I-81 are nearby. Traffic on the road is reported at nearly 10,000 cars per day.
The site occupies a corner and includes on-site parking and road signage. Walmart, local shops, restaurants, Cherokee Lake, US-11E, and I-81 are nearby. Traffic on the road is reported at nearly 10,000 cars per day.
Key Highlights
- 17 apartments in a 9,503‑square‑foot building
- 1.95‑acre corner parcel with on‑site parking and road signage
- 8.3 cap rate
Property Analytics
Who owns this building?
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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
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 allow tenants to pay their respective utility charges directly.
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 apartments in a 9,503‑square‑foot building; 1.95‑acre corner parcel with on‑site parking and road signage; 8.3 cap rate
