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Sold for $355,000
  • $355,000

    5954 Hiawatha Rd, Morristown, TN 37814

    6beds
    --sqft
    Triplex, Multi Family
    Built in 1979
    -- sqft lot
    $356,100 Zestimate®
    $--/sqft
    $1,497 Estimated rent

    Home value

    $356,100

    $328,000 - $388,000

    $1,497/mo

    Zestimate® history
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    $1,947/mo

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    What's special

    Investment Opportunity in West End Morristown - 9% Cap Rate Triplex on Nearly 1 Acre Located in a desirable area of West End Morristown, this well-positioned triplex sits on a spacious 0.94-acre lot and offers immediate cash flow with a current cap rate of approximately 9%. Each unit is separately metered and fully occupied, providing stable rental income with room for future growth. The property features ample parking, a large shared yard, and potential for expansion or value-add improvements. Whether you're a seasoned investor or looking to start your portfolio, this triplex presents a rare opportunity in a sought-after area close to schools, shopping, and major roadways.

    Zillow last checked: 7 hours ago

    Listing updated: February 21, 2026 at 08:11am

    Listed by:

    Ronald Bledsoe 423-273-7568,

    RE/MAX Real Estate Ten Midtown

    Bought with:

    Steve Carpenter, 352661

    RE/MAX Real Estate Ten Midtown

    Source: Lakeway Area AOR,MLS#: 708381MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Laundry Closet
    Features
    • Flooring: Ceramic Tile, Linoleum, Vinyl
    Interior area
    • Finished area above ground: 1,537
    • Finished area below ground: 781

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.94 Acres
    • Features: Back Yard
    Details
    • Parcel number: 035.08

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Block, Brick
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Electric: 220 Volts in Laundry
    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Location
    • Region: Morristown

    Price history

    DateEventPrice
    2/10/2026Sold$355,000-1.4%
    Source: Lakeway Area AOR #708381 Report a problem
    1/9/2026Pending sale$359,900
    Source: Lakeway Area AOR #708381 Report a problem
    10/1/2025Price change$359,900-1.4%
    Source: Lakeway Area AOR #708381 Report a problem
    9/13/2025Price change$364,900-3.9%
    Source: Lakeway Area AOR #708381 Report a problem
    7/22/2025Listed for sale$379,900+28.8%
    Source: Lakeway Area AOR #708381 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,810 +58.6%$123,120 +112.6%
    2024$1,141 $57,920
    2023$1,141 $57,920

    Find assessor info on the county website

    Neighborhood: 37814

    Nearby schools

    GreatSchools rating
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