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1542-1544 Shields Ferry Road, Morristown, TN 37814

Morristown
Local realty services provided by:CENTURY 21 Legacy
1542-1544 Shields Ferry Road,Morristown, TN 37814
$272,000
  • - Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: trey cate
Office: the cate group, realty & property management llc.
MLS#:708972
Source:TN_LAMLS

Price summary

  • Price:$272,000

About this home

Generating a strong combined monthly rental income of $1,875, this income-producing duplex offers immediate cash flow from day one. Both units are currently occupied, providing stable tenancy, and each apartment is separately metered for water and electricity, supporting efficient management and reduced operating complexity. One of these units is newly renovated, further adding to overall value and tenant appeal. Located just minutes from downtown, the property presents an opportunity for investors seeking dependable income and long-term upside. The neighboring duplex at 1562-1564 Shields Ferry Road is also available for purchase, creating the potential to acquire multiple side-by-side rental properties in a desirable location. With current rental income, recent improvements, and high potential, this property is well-suited for investors looking to expand or strengthen their portfolio in the Morristown market. Please contact the listing agent to schedule all showings.

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Home facts

  • Year built:1995
  • Listing ID #:708972
  • Added:280 day(s) ago
  • Updated:June 13, 2026 at 07:39 AM

Rooms and interior

  • Total bathrooms:4
  • Kitchen Description:Dishwasher, Electric Oven, Electric Range, Refrigerator

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1995
  • Lot area:0.3 Acres
  • Levels:1 Story

Schools

  • High school:East
  • Elementary school:Fairview-Marg

Finances and disclosures

  • Price:$272,000
  • Tax amount:$1,373 (2024)

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