1002/1004 E Main St
Morristown, TN 37814
- 4 Beds
- 2.5 Baths
4 Beds
2.5 Baths
Local Information
-- mins to
Description
Don't miss this prime investment opportunity in the heart of Morristown! This income-producing duplex offers a strong rental history and excellent return potential. One unit was recently renovated and both units are currently leased on a yearly agreements. With a gross income of $20,400 per year, an estimated net income of $17,344, and a 8.7% cap rate, this property is a fantastic addition to any rental portfolio.
The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area.
Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!
The duplex features two distinct layouts: one unit is a single-level, 1-bedroom, 1-bathroom space, while the other offers up to 3 bedrooms, a bonus living area upstairs, and 1.5 baths, maximizing its rental appeal. Both units provide tenant-friendly conveniences such as individual washer and dryer hookups and two designated parking spaces per unit. Recent updates, including a metal roof installed within the last two years, add to the property's low-maintenance appeal. Additionally, the neighboring rental property at 926 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area.
Located in a high-demand rental market, this property is minutes from shopping, dining, and major roadways, making it an attractive option for tenants and investors alike. Whether you're looking to expand your portfolio or make your first investment, this duplex is a rare find. Act now before this opportunity is gone!
1002/1004 E Main St, Morristown, TN 37814 is a 4 bedroom, 3 bathroom multi-family built in 1900. It last sold for $193,900 on May 15, 2025 (3% below the $199,900 asking price). It is currently off market. The Trulia Estimate is $210,300, with a rent estimate of $1,435/month.
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1002/1004 E Main St
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Appliances & Utilities Appliances: Electric Range, RefrigeratorLaundry: Electric Dryer Hookup,Multiple Locations,Washer HookupRefrigerator |
Heating & Cooling Heating: Heat PumpHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Heat Pump |
Fireplace & Spa Fireplace: MetalHas a Fireplace |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Levels: Multi/Split |
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Exterior Home Features Patio / Porch: Rear PorchFencing: Back YardFoundation: Block |
Parking & Garage No Carport |
Frontage Road Frontage: City Street |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1407 Square Feet |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi FamilyStructure Type: DuplexArchitecture: Victorian |
Building Construction Materials: Vinyl SidingNot a New Construction |
Property Information Condition: Updated/RemodeledIncluded in Sale: 2 Stoves, 2 RefrigeratorsParcel Number: 009.00 |
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Price List Price: $199,900 |
Status Change & Dates Off Market Date: Tue Apr 08 2025Possession Timing: Close Of Escrow, Subject To Tenant Rights |
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MLS Status: Closed |
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Direction & Address City: Morristown |
School Information Elementary School: HillcrestJr High / Middle School: MeadowviewHigh School: East |
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Lot Area: 8712 sqft |
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Expense Tenant Pays: Electricity |
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Owner Pays: Insurance, Taxes |
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Mls Number: 706890Above Grade Unfinished Area: 1407 |
Last check for updates: about 18 hours ago
Listed by Heather Walker, (423) 231-9766
RE/MAX Real Estate Ten Midtown
Bought with: Non Member, Non Member - Sales
Source: Lakeway Area AOR, MLS#706890

Price History for 1002/1004 E Main St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/15/2025 | $193,900 | Sold | Lakeway Area AOR #706890 |
| 04/09/2025 | $199,900 | Pending | Lakeway Area AOR #706890 |
| 04/07/2025 | $199,900 | PendingToActive | Lakeway Area AOR #706890 |
| 04/07/2025 | $199,900 | Pending | Lakeway Area AOR #706890 |
| 03/24/2025 | $199,900 | Listed For Sale | East Tennessee Realtors #1294416 |
Market trends in Morristown
Last updated June 2026
Avg. sale price
$282K
$16KMoM
Sale-to-List Price
99.0%
0.1%MoM
Price per sq ft
$186
$6MoM
Available listings
240
22MoM
Comparable Sales for 1002/1004 E Main St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.53 | Multi-Family Home | $185,000 | 11/24/25 | 4 | 2 | 1,696 | |
0.53 | Multi-Family Home | $185,000 | 11/24/25 | 4 | 2 | - | |
0.71 | Multi-Family Home | $257,000 | 11/21/25 | 4 | 2 | 1,740 | |
1.22 | Multi-Family Home | $245,000 | 06/23/26 | 4 | 4 | - | |
1.23 | Multi-Family Home | $245,000 | 06/23/26 | 4 | 4 | - | |
1.28 | Multi-Family Home | $299,000 | 02/13/26 | 4 | 3 | - | |
0.96 | Multi-Family Home | $748,700 | 01/15/26 | 4 | 8 | 5,360 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1002/1004 E Main St.
What Locals Say about Morristown
At least 273 Trulia users voted on each feature.
88 % Say car is needed
82 % Say parking is easy
81 % Say yards are well-kept
79 % Say there's holiday spirit
62 % Say it's dog friendly
61 % Say kids play outside
54 % Say it's quiet
53 % Say there's wildlife
52 % Say they plan to stay for at least 5 years
51 % Say neighbors are friendly
46 % Say people would walk alone at night
42 % Say streets are well-lit
34 % Say it's walkable to grocery stores
30 % Say there are sidewalks
25 % Say it's walkable to restaurants
21 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 1002/1004 E Main St
Off Market Homes Near 1002/1004 E Main St

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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

