Side-by-Side Duplex with
New
For Sale
$519,000
711 Panther Creek Ct, Morristown, TN 37814
Occupied townhouse-style units offer private garages, fenced outdoor space, and separately metered utilities in West Morristown.
Property Size2,074 SF
Price / SF$250.24
Days on Market5
Property Features for 711 Panther Creek Ct
General Information
Standard status
Active
Size
2,074 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$34,791
Financials
Asking Price
$519,000
Cap Rate
6.71%
Gross Income
$40,140
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
fenced backyard
Building Details
Year Built
1998
Buildings
1
Tenancy
Multi
Listing Agency:
Crye-Leike Premier Real Estate LLC
Listed By:
Corbin Norton · License #363246
(423) 748-0503
Source:
Greaterknoxvillehomeguide
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:02PM
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 Crye-Leike Premier Real Estate LLC
Investment Insights
Based on property information with market context.
This 1998 side-by-side duplex contains approximately 2,074 square feet across two townhouse-style residences. Each unit includes 2 bedrooms, 2 full bathrooms, an attached 1-car garage, living space, an open kitchen with a stove, dishwasher, and refrigerator, laundry hookups, and a fenced backyard. Both residences are currently occupied, including one recently signed 2-year lease, and tenants pay electricity, water, sewer, and trash through separate meters. The roof is approximately 2 years old.
The property sits on a quiet cul-de-sac in West Morristown near the West Andrew Johnson Highway corridor. Shopping, restaurants, schools, medical facilities, employment centers, everyday services, and Panther Creek State Park are identified as nearby conveniences. Current operations reflect an estimated 6.71% cap rate, while established tenancy and tenant-paid utilities support an income-producing duplex configuration.
The property sits on a quiet cul-de-sac in West Morristown near the West Andrew Johnson Highway corridor. Shopping, restaurants, schools, medical facilities, employment centers, everyday services, and Panther Creek State Park are identified as nearby conveniences. Current operations reflect an estimated 6.71% cap rate, while established tenancy and tenant-paid utilities support an income-producing duplex configuration.
Key Highlights
- Approximately 2,074 square feet configured as two townhouse‑style units
- Each residence has 2 bedrooms, 2 full bathrooms, and a private 1‑car attached garage
- Tenants pay 100% of electricity, water, sewer, and trash; units are separately metered
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
178
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied townhouse-style units offer private garages, fenced outdoor space, and separately metered utilities in West Morristown.
Where is this duplex located?
The property is located at 711 Panther Creek Ct Morristown, TN.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Approximately 2,074 square feet configured as two townhouse‑style units; Each residence has 2 bedrooms, 2 full bathrooms, and a private 1‑car attached garage; Tenants pay 100% of electricity, water, sewer, and trash; units are separately metered
