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    Morristown, TN
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    Morristown, TN Multifamily Properties for Sale

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    Brick Duplex with Drive-In Basement
    Updated: Aug 28
    Brick Duplex with Drive-In Basement

    1570 Elgin Drive, Morristown, TN 37814

    $329,900
    0.50 AC lot
    Brick duplex built in 1997
    Drive‑in basement with storage space
    Central heating and air conditioning with separate meters
    Situated on 0.5 acres
    Four bedrooms and two bathrooms
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    Multifamily Property with Subdivision Potential
    Updated: Jun 23
    Multifamily Property with Subdivision Potential

    3304 W Andrew Johnson Highway, Morristown, TN 37814

    $3,000,000
    4.50 AC lot
    Currently operated as 12 apartment rentals with no vacancies
    Seller will subdivide the property
    All city utilities are on the property
    Cooling system includes a heat pump
    Year built: 2000
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    Mobile Home Park with 11 Lots
    Mobile Home Park with 11 Lots

    1418 Mae Collins Road, Morristown, TN 37813

    $495,000
    1.70 AC lot

    Income-producing mobile home park on 1.7 acres with electric and septic hookups for each of 11 spaces.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex With Private Garages
    Duplex With Private Garages

    301 Willow Greene Dr, Morristown, TN 37814

    $374,900
    1,998 sqft

    Two separately occupied residences offer matching layouts, durable vinyl siding, and individual garage access.

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    Duplex with Private Garages and Patio
    Duplex with Private Garages and Patio

    301 Willow Greene Drive, Morristown, TN 37814

    $374,900
    0.61 AC lot

    Duplex on a 0.61-acre lot built in 1993 with vinyl siding, patio, and a private garage for each unit.

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    Duplex with Fenced Backyard
    Duplex with Fenced Backyard

    1987 Joe Stephens Road, Morristown, TN 37814

    $218,000
    0.87 AC lot

    Two-unit residential property with shared utility meters, rear patio, and public water service.

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    Multifamily Investment Opportunity in Morristown
    Multifamily Investment Opportunity in Morristown

    106 King Ave, Morristown, TN 37814

    Contact for pricing
    4,500 sqft

    Five-unit multifamily property with recent capital improvements and diverse unit mix.

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    17-Unit Apartment Building
    17-Unit Apartment Building

    2215 Buffalo Trail, Morristown, TN 37814

    $1,200,000

    Multifamily community with one- and two-bedroom layouts, individual utility metering, and established 1935 construction.

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    Multifamily Development Site
    Multifamily Development Site

    3304 W Andrew Johnson Hwy, Morristown, TN 37814

    Contact for pricing
    4.50 AC lot

    Multifamily property with roughly four usable acres, two access points, and a proposed signalized commercial entrance.

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    29-Unit Apartment Property
    29-Unit Apartment Property

    514 S Liberty Hill Rd, Morristown, TN 37813

    Contact for pricing

    Seven-building residential community with a central gathering facility and recently replaced water heaters and toilets.

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    Side-by-Side Duplex With Income
    Side-by-Side Duplex With Income

    1020 E Main St, Morristown, TN 37814

    Contact for pricing

    Two side-by-side units each feature main-level living, kitchen/dining, and separate utilities with leased occupancy.

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    Updated Duplex with Leased Units
    Updated Duplex with Leased Units

    1002/1004 E Main St, Morristown, TN 37814

    $199,900

    Two leased units offer distinct layouts and individual laundry hookups.

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    Multifamily Apartment Building with Mixed Units
    Multifamily Apartment Building with Mixed Units

    450 Barkley Landing Dr, Morristown, TN 37813

    Contact for pricing

    Built in 2001, the property offers one-, two-, three-, and four-bedroom apartment homes in Morristown, TN.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Morristown, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Income Producing Storage and Apartments
    Income Producing Storage and Apartments

    175 Lakeshore Drive, Bean Station, TN 37708

    $1,200,000
    1.60 AC lot

    Property includes 45 storage units, six apartments, and additional dwelling and RV space near Cherokee Lake.

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    COMMERCIAL - Rutledge, TN
    COMMERCIAL - Rutledge, TN

    8668 Lakeshore Drive, Rutledge, TN 37861

    $699,000
    1,248 sqft 33.04 AC lot

    Multifamily properties · 1,248 SF

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    Multifamily Property with Storage Units
    Multifamily Property with Storage Units

    175 Lakeshore Dr, Bean Station, TN 37708

    Contact for pricing
    2,560 sqft

    Residential components are paired with substantial storage capacity and additional outdoor accommodation.

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    MULTIFAMILY
    MULTIFAMILY

    8668 Lakeshore Dr, Rutledge, TN 37861

    Contact for pricing

    Multifamily properties

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Rutledge, TN
    Residential Land in Rutledge, TN

    04 Rocky Branch, Rutledge, TN 37861

    $55,000
    1.71 AC lot

    1.71 acre residential land parcel with owner financing.

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    Unrestricted Recreation Land with Utilities
    Unrestricted Recreation Land with Utilities

    1020 Rhodes Rd, Bybee, TN 37713

    $145,000
    5.39 AC lot

    Unrestricted 5.39-acre parcel with well, septic, power, storage building, and flat areas for flexible recreational use.

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    3.35 Acres in Midway, TN
    3.35 Acres in Midway, TN

    3.35 Oakwood Road, Midway, TN 37809

    $30,000
    3.35 AC lot

    3.35 acres of lightly restricted land ready for your vision.

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    Unrestricted Land Near Douglas Lake
    Unrestricted Land Near Douglas Lake

    Mayflower Lane lot: 43,44, Dandridge, TN 37725

    Contact for pricing
    0.29 AC lot

    Unrestricted land near Douglas Lake, ideal for recreation or residence.

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    Off-Market Properties in Morristown, TN

    Consider similar Off-Market properties in Morristown, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    106 Hamilton Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    106 Hamilton Ave, Morristown, TN 37814-4624

    $1,000,000
    Estimated value
    8,995 sqft 0.75 AC lot
    View details
    200 Barkley Lndg Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 Barkley Lndg Dr, Morristown, TN 37813-6305

    $7,705,000
    Estimated value
    10,690 sqft 9.15 AC lot
    View details
    432 Barkley Lndg Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    432 Barkley Lndg Dr, Morristown, TN 37813-5297

    $7,705,000
    Estimated value
    11,706 sqft 12.54 AC lot
    View details
    1440 Cherokee Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    1440 Cherokee Dr, Morristown, TN 37814-3502

    $70,000
    Estimated value
    3,520 sqft 0.33 AC lot
    View details
    350 New Line Rd
    MOBILE HOME PARK, TRAILER PARK

    350 New Line Rd, Morristown, TN 37813-2840

    $270,000
    Estimated value
    10.34 AC lot
    View details
    432 Liberty Hl Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    432 Liberty Hl Rd, Morristown, TN 37814-4947

    $335,000
    Estimated value
    6,090 sqft 1.82 AC lot
    View details
    1397 Dandelion Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    1397 Dandelion Cir, Morristown, TN 37814-1705

    $90,000
    Estimated value
    3,074 sqft 0.36 AC lot
    View details
    113 3rd N St
    APARTMENT HOUSE (UNDER 5 UNITS)

    113 3rd N St, Morristown, TN 37814-4570

    $295,000
    Estimated value
    7,144 sqft 0.45 AC lot
    View details
    1393 Shannons Little Mtn Rd
    MOBILE HOME PARK, TRAILER PARK

    1393 Shannons Little Mtn Rd, Morristown, TN 37814-7601

    $190,000
    Estimated value
    0.70 AC lot
    View details
    106 King Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    106 King Ave, Morristown, TN 37814-6668

    $215,000
    Estimated value
    3,056 sqft 0.39 AC lot
    View details
    315 Algonquin Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    315 Algonquin Dr, Morristown, TN 37813-4764

    $340,000
    Estimated value
    4,246 sqft 1.26 AC lot
    View details

    Morristown, TN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Morristown, TN, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 6,498 square feet of properties for sale, with an estimated market value of $6,192,600.

    Sale prices for multifamily properties in Morristown, TN start at $199,900, averaging $774,075, and reaching up to $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 6
    Duplexes 6
    Mobile home & RV parks 1

    Demographics Overview

    Population 52K
    Population Growth (5Y) +0.7%
    Median Household Income $49,981
    College Educated 13.0%

    High-Yield Neighborhoods for Investment

    Identify Morristown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37813 $495K
    37814 $813.9K

    Listings Trend

    New vs delisted commercial listings in Hamblen County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Morristown, TN

    • 37814
    • 37813

    Featured Morristown Real Estate Agencies

    Realmo connects you with licensed Morristown CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hurst Real Estate & Auction
    221 E. Main St, Suite 103 Morristown, TN 37814
    Phone: 14233531112
    soldintn.com

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