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    Morristown, TN Multifamily Properties for Sale

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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
    View details
    Mobile Home Park with 11 Lots
    Updated: Jul 7
    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 in Morristown, TN with 11 total lots/spaces.
    7 single‑wide mobile home units convey; 4 are rented at $725/month each for $2,900 monthly income.
    Three additional mobile home units are vacant and ready for updates to create value.
    4 vacant lots on‑site may be used for additional rental units or lot rentals for future income potential.
    Each space has electric and septic hookups; water is covered by the owner while tenants handle their own electric.
    View details
    Updated Duplex with Two 3BR Units
    Updated Duplex with Two 3BR Units

    713-715 Jaybird Road, Morristown, TN 37814

    $396,000
    2,596 sqft 0.34 AC lot

    Fully occupied duplex with updated flooring, refreshed exterior, and two 3-bedroom units ready for income-minded ownership.

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    Morristown Multifamily Investment Opportunity
    Morristown Multifamily Investment Opportunity

    825 Donna Street, Morristown, TN 37814

    $725,000
    4,983 sqft

    Nine-unit apartment building with Housing Assistance Payments contract in place.

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    Brick Duplex with Two 2BR Units
    Brick Duplex with Two 2BR Units

    413 McCrary Drive, Morristown, TN 37814

    $299,900
    0.39 AC lot

    Two-bedroom, one-bath duplex on a flat corner lot, with one side month-to-month and the other side available for showings.

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    Morristown Duplex with Income Potential
    Morristown Duplex with Income Potential

    1987 Joe Stephens Road, Morristown, TN 37814

    $255,000
    0.87 AC lot

    Income-producing duplex in Morristown, TN with conversion potential.

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    Multifamily Investment Opportunity in Morristown
    Multifamily Investment Opportunity in Morristown

    106 King Ave, Morristown, TN 37814

    $785,000
    4,500 sqft

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

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Morristown, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

    Residential Income Duplex with ADU
    Residential Income Duplex with ADU

    1757 Cottage Hill Circle, New Market, TN 37820

    $294,900
    1,733 sqft 0.93 AC lot

    Two leased units on one parcel share one electric meter: a 3-bed home and a detached studio ADU.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1757 Cottage Hill Circle, New Market, TN 37820

    $294,900
    0.93 AC lot

    Two leased units on one parcel, including a 3-bedroom home and a detached studio accessory unit with shared utilities.

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    Whitesburg Multi-Family Investment Opportunity
    Whitesburg Multi-Family Investment Opportunity

    6563 E Andrew Johnson Hwy, Whitesburg, TN 37891

    $165,000
    0.25 AC lot

    Four-unit property with rental upside in Whitesburg, Tennessee.

    View details
    Whitesburg Multi-Family Investment Opportunity
    Whitesburg Multi-Family Investment Opportunity

    6563 E Andrew Johnson Highway, Whitesburg, TN 37891

    $165,000
    0.25 AC lot

    Four-unit property with rental upside in Whitesburg, Tennessee.

    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.

    Morristown Land For Sale
    Morristown Land For Sale

    Devault Street, Morristown, TN 37814

    $125,900
    6.07 AC lot

    6.07 acre lot zoned R-2 near amenities.

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    Tennessee Mountain Retreat Land
    Tennessee Mountain Retreat Land

    409 Dean Road, Unit 14, Mooresburg, TN 37811

    $89,900
    414,255 sqft 9.51 AC lot

    9.51 acres with camper, utilities, and mountain views.

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    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.

    View details
    Unrestricted Recreation Land with Utilities
    Unrestricted Recreation Land with Utilities

    1020 Rhodes Rd, Bybee, TN 37713

    $147,500
    5.39 AC lot

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

    View details

    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

    $7,755,000
    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

    $7,780,000
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    10.34 AC lot
    View details
    432 Liberty Hl Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    432 Liberty Hl Rd, Morristown, TN 37814-4947

    Value Estimation by Request
    6,090 sqft 1.82 AC lot
    View details
    1397 Dandelion Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    1397 Dandelion Cir, Morristown, TN 37814-1705

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    0.70 AC lot
    View details
    106 King Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    106 King Ave, Morristown, TN 37814-6668

    Value Estimation by Request
    3,056 sqft 0.39 AC lot
    View details
    315 Algonquin Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    315 Algonquin Dr, Morristown, TN 37813-4764

    Value Estimation by Request
    4,246 sqft 1.26 AC lot
    View details
    552 Cumberland St
    APARTMENT HOUSE (UNDER 5 UNITS)

    552 Cumberland St, Morristown, TN 37813-2307

    Value Estimation by Request
    2,866 sqft 0.62 AC lot
    View details
    800 Church St
    APARTMENT HOUSE (UNDER 5 UNITS)

    800 Church St, Morristown, TN 37814-3563

    Value Estimation by Request
    3,074 sqft 0.35 AC lot
    View details
    1616 Morningside Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    1616 Morningside Dr, Morristown, TN 37814-5451

    Value Estimation by Request
    5,180 sqft 1.49 AC lot
    View details
    2100 New Cut Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2100 New Cut Rd, Morristown, TN 37814-4322

    Value Estimation by Request
    8,640 sqft 0.73 AC lot
    View details
    514 Liberty Hl Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    514 Liberty Hl Rd, Morristown, TN 37813-5763

    $2,310,000
    Estimated value
    3,815 sqft 5.94 AC lot
    View details
    868 Panther Crk Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    868 Panther Crk Rd, Morristown, TN 37814-1247

    Value Estimation by Request
    5,760 sqft 1.15 AC lot
    View details

    Morristown, TN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Morristown, TN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 12,079 square feet of properties for sale, with an estimated market value of $1,906,000.

    Sale prices for multifamily properties in Morristown, TN start at $396,000, averaging $635,333, and reaching up to $785,000 — 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 3
    Duplexes 3
    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
    37814 $1M

    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

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    • 37813

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