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1987 Joe Stephens Road, Morristown, TN 37814

Morristown
Local realty services provided by:CENTURY 21 Legacy
1987 Joe Stephens Road,Morristown, TN 37814
$255,000
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: trey cate
Office: the cate group, realty & property management llc.
MLS#:708974
Source:TN_LAMLS

Price summary

  • Price:$255,000

About this home

This income-producing property generates a combined monthly rental income of $1,950, delivering immediate cash flow for investors from day one. Currently configured as a duplex with both apartments sharing electric and water meters, the setup supports efficient operation while maintaining strong rental performance. Offering both convenience and long-term flexibility, this property presents a solid opportunity for steady income and future upside. The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite for added value. Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. With strong rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income. Please contact the...

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Home facts

  • Year built:1952
  • Listing ID #:708974
  • Added:244 day(s) ago
  • Updated:May 14, 2026 at 02:10 PM

Rooms and interior

  • Total bathrooms:2
  • Kitchen Description:Dishwasher, Electric Oven, Electric Range, Refrigerator

Heating and cooling

  • Cooling:Central Air, Wall Unit(s)
  • Central air:Yes

Structure and exterior

  • Year built:1952
  • Lot area:0.87 Acres

Schools

  • High school:West
  • Elementary school:Manley

Finances and disclosures

  • Price:$255,000
  • Tax amount:$503 (2024)

Features and amenities

  • Laundry features:Dryer, Washer

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