Multifamily Property with Subdivision
For Sale
$3,000,000
3304 W Andrew Johnson Highway, Morristown, TN 37814
COMMERCIAL - Morristown, TN
Property SizeContact for details
Lot Size4.50 Acres
Days on Market50
Property Features for 3304 W Andrew Johnson Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
3304 W Andrew Johnson Hwy. Centrally located.
Standard status
Active
APN
041A A 02300 000
Lot size
4.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17950
Utilities
Cooling system
Heat Pump
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
The Realty House, Inc
(423) 581-9300
Listed By:
Adren Greene · License #6281
(423) 231-1400
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 711972
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.
Investment Insights
Based on property information with market context.
This multifamily property currently includes 12 apartment rentals, all reported as occupied with no vacancies at the time of listing. The seller will subdivide the property, and the site includes out parcels, providing flexibility for future configuration. All city utilities are stated to be on the property, supporting continued residential use and potential redevelopment.
Located at 3304 W Andrew Johnson Highway in Morristown, Tennessee, the property sits on approximately 4.5 acres. The combination of existing apartments, out parcels, and available utilities may appeal to buyers evaluating both near-term income and phased site planning.
For investors or operators looking for a turnkey residential income component, the presence of 12 leased units offers an immediate operating base. For buyers pursuing mixed-use or commercial development, the seller notes possible uses including restaurant and medical retail, among other options, aligned with the planned subdivision and out-parcel layout.
Located at 3304 W Andrew Johnson Highway in Morristown, Tennessee, the property sits on approximately 4.5 acres. The combination of existing apartments, out parcels, and available utilities may appeal to buyers evaluating both near-term income and phased site planning.
For investors or operators looking for a turnkey residential income component, the presence of 12 leased units offers an immediate operating base. For buyers pursuing mixed-use or commercial development, the seller notes possible uses including restaurant and medical retail, among other options, aligned with the planned subdivision and out-parcel layout.
Key Highlights
- Currently operated as 12 apartment rentals with no vacancies
- Seller will subdivide the property
- All city utilities are on the property
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
366
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 - 12 currently leased apartment units on city utilities, with seller plans to subdivide for additional development options.
Where is this apartment building located?
The property is located at 3304 W Andrew Johnson Highway Morristown, TN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Currently operated as 12 apartment rentals with no vacancies; Seller will subdivide the property; All city utilities are on the property
