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    Morristown, TN Residential Income 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
    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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    Remodeled Duplex With Two Units
    Remodeled Duplex With Two Units

    2404-2406 Clancy Avenue, Morristown, TN 37814

    $414,490
    2,404 sqft

    Turn-key remodeled duplex with two 3-bedroom, 1.5-bath units; one unit is currently rented.

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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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    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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    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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    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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    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 9 Active listings in Morristown, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 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.

    Lakefront Income Property
    Lakefront Income Property

    122 Circle Drive, Bean Station, TN 37708

    $550,000
    3,000 sqft 0.50 AC lot

    Two separate living quarters with an upstairs 3/2 area and a downstairs suite rented month-to-month.

    View details
    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.

    View details
    Four-Unit Multifamily with Paved Parking
    Four-Unit Multifamily with Paved Parking

    6563 East Andrew Johnson Highway, Whitesburg, TN 37891

    $190,000
    10,890 sqft

    Four-unit property with three 1-bedroom units and one 2-bedroom unit, plus paved parking for tenants.

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    Four-Unit Multifamily Residence
    Four-Unit Multifamily Residence

    6563 E Andrew Johnson Highway, Whitesburg, TN 37891

    $150,000
    0.25 AC lot

    Four-unit residential property with three one-bedroom units, one two-bedroom unit, and paved parking on-site.

    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 Morristown, TN
    Residential Land in Morristown, TN

    McFarland Street, Morristown, TN 37814

    $225,000
    3.71 AC lot

    3.71 acres of residential land, city utilities available.

    View details
    Residential Lot in Lochmere
    Residential Lot in Lochmere

    Lochmere Greene Drive lot: 35, Morristown, TN 37814

    $35,000
    0.15 AC lot

    Corner lot with Lochmere amenities in Morristown, Tennessee.

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    Residential Lot in Lochmere Community
    Residential Lot in Lochmere Community

    321 Kensington Drive, Morristown, TN 37814

    $50,000

    Residential lot with community amenities in Morristown, Tennessee.

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    Multifamily Development Land Parcel
    Multifamily Development Land Parcel

    1101 Sherwood Drive, Morristown, TN 37814

    $105,000
    7.10 AC lot

    7.1-acre multifamily-zoned parcel in Morristown, TN, with capacity for up to 84 units.

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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

    $7,755,000
    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

    Morristown, TN Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Morristown, TN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 6,904 square feet of properties for sale, with an estimated market value of $4,464,390.

    Sale prices for residential income properties in Morristown, TN start at $255,000, averaging $892,878, 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

    Multifamily properties 9
    Apartment buildings 4
    Duplexes 4
    Single family properties 2
    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 $451.6K
    37814 $891K

    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

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