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For sale
  • $379,900

    5954 Hiawatha Rd, Morristown, TN 37814

    6beds
    --sqft
    : 
    Triplex, Multi Family
    Built in 1979
    -- sqft lot
    $368,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Large shared yardAmple parking
    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.
    19 days
    on Zillow
    |
    379
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 21, 2025 at 08:54pm

    Listed by:

    Ronald Bledsoe 423-273-7568,

    RE/MAX Real Estate Ten Midtown 423-581-8881

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

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 5954 Hiawatha Rd.

    Next available tour time:Today at 11am

    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 & HOA

    Location
    • Region: Morristown

    Financial & listing details

    • Tax assessed value: $144,800
    • Annual tax amount: $1,141
    • Date on market: 7/22/2025
    • Tenant pays: Electricity, Water
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