This multifamily investment at 106-114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters.
The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset.
A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.
Pending
$799,000
106 King Ave, Morristown, TN 37814
--beds
0baths
4,500sqft
Est.:
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$178/sqft
$-- HOA
What's special
Detached garageNew roofElectrical and plumbing upgradesUpdated hvac systems
- 55 days
- on Zillow |
- 45 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 10:22am
Listed by:
Ford Collier 865-337-3438,
SVN I Wood Properties 865-936-9999
Source: East Tennessee Realtors,MLS#: 1305778

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Parking
- Parking features: On Premise Parking
Details
- Parcel number: 034G A 001.02
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
Condition
- Year built: 1974
Community & HOA
Location
- Region: Morristown
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $137,500
- Annual tax amount: $1,738
- Date on market: 6/23/2025
- Listing terms: New Loan,Cash,Conventional
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