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12-Unit Apartment Property

3304 W Andrew Johnson Highway, Morristown, TN 37814

For Sale
$3,000,000

Commercial Sale, Morristown, TN

Property SizeContact for details
Lot Size4.50 Acres
Days on Market140

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
Listed By: Adren Greene · License TN #6281
Added: Jun 23 Changed: Oct 8 Last Checked: Nov 9 at 2:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This apartment property includes 12 rental units, all currently occupied, across a 4.5-acre tract. Constructed in 2000, the property is served by city utilities and uses heat pump cooling. Additional out parcels are included, and the seller will subdivide the property.

Located at 3304 W Andrew Johnson Highway in Morristown, Tennessee, the site also has stated potential for restaurant and medical retail uses. The combination of existing residential income improvements, available land, and utility service supports a range of property considerations.

Key Highlights

  • 12 apartment rentals with no vacancies
  • 4.5‑acre property in Morristown, TN
  • Additional out parcels included

Property Analytics

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Lease Details

12
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

366
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
View Realmo Analytics

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 - Fully occupied apartments with city utilities serving a multi-acre property and additional out parcels.
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: 12 apartment rentals with no vacancies; 4.5‑acre property in Morristown, TN; Additional out parcels included
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