RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!!
This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.
Sold for $748,700
Zestimate®
$748,700
1215 Shields Ferry Rd, Morristown, TN 37814
4beds
8baths
5,360sqft
Multi Family
Built in 1976
-- sqft lot
$748,700 Zestimate®
$140/sqft
$1,986 Estimated rent
Home value
$748,700
$674,000 - $831,000
$1,986/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 15, 2026 at 03:08pm
Listed by:
Solange Velas,
Goldman Partners Realty, LLC,
Sakaylea Sanders 865-258-4161,
Goldman Partners Realty, LLC
Bought with:
Alex Rodriguez, 368899
eXp Realty, LLC
Source: East Tennessee Realtors,MLS#: 1317448
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
Heating
- Zoned, Other, Electric
Cooling
- Wall Unit(s), Zoned
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Laminate, Vinyl
Interior area
- Total structure area: 5,360
- Total interior livable area: 5,360 sqft
Property
Parking
- Parking features: On Premise Parking
Lot
- Size: 0.41 Acres
- Dimensions: 125 x 119
Details
- Parcel number: 033D I 011.02
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Block, Other
Condition
- Year built: 1976
Community & neighborhood
Location
- Region: Morristown
- Subdivision: Hall Ray D Prop
Other
Other facts
- Listing terms: New Loan,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Sold | $748,700-3.4%$140/sqft |
Source:  East Tennessee Realtors #1317448 Report a problem | ||
| 10/19/2025 | Pending sale | $775,000$145/sqft |
Source: East Tennessee Realtors #1317448 Report a problem | ||
| 10/3/2025 | Listed for sale | $775,000$145/sqft |
Source: East Tennessee Realtors #1317448 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 37814
Nearby schools
GreatSchools rating
- 3/10Fairview MargueriteGrades: PK-5Distance: 0.7 mi
- 4/10Meadowview Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Morristown East High SchoolGrades: 9-12Distance: 1.1 mi
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