311 E 4th St
Morristown, TN 37814
- 4 Beds
- 2 Baths
4 Beds
2 Baths
Local Information
-- mins to
Description
Investor Alert in Downtown Morristown! Seize the chance to own a fully leased, cash-flowing duplex in the heart of Morristown. With a gross annual income of $22,800, low operating expenses, and a strong net income of $20,700, this property currently delivers an impressive 10.4% cap rate. Both units are secured with leases in place through August & September 2026, providing stable, long-term income for the next owner. Tenants enjoy off-street parking and a central location just minutes from shopping, dining, medical facilities, and all that downtown Morristown has to offer. Whether you're searching for your first investment property or looking to expand your portfolio, this duplex offers an affordable entry point with reliable returns. Opportunities like this don't last!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from November 25, 2025
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 311 E 4th St
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Appliances & Utilities Utilities: Electricity Connected, Sewer Connected, Water ConnectedAppliances: Electric Oven, RefrigeratorLaundry: Electric Dryer Hookup,Washer HookupRefrigerator |
Heating & Cooling Heating: Electric,Heat PumpHas CoolingAir Conditioning: Electric,Heat PumpHas HeatingHeating Fuel: Electric |
Fireplace & Spa Fireplace: MetalHas a Fireplace |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 1Levels: One |
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Frontage Road Frontage: City Street |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1696 Square Feet |
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Year Built Year Built: 1949 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi FamilyStructure Type: DuplexArchitecture: Duplex |
Building Construction Materials: Vinyl SidingNot a New Construction |
Property Information Parcel Number: 027.00 |
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Price List Price: $199,900 |
Status Change & Dates Off Market Date: Tue Oct 28 2025Possession Timing: Close Of Escrow |
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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: 10018.8 sqft |
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Expense Tenant Pays: All Utilities |
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Owner Pays: Exterior Maintenance, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Taxes |
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Mls Number: 709106Above Grade Unfinished Area: 1696 |
Last check for updates: about 3 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#709106

Price History for 311 E 4th St
| Date | Price | Event | Source |
|---|---|---|---|
| 11/24/2025 | $185,000 | Sold | Lakeway Area AOR #709106 |
| 10/28/2025 | $199,900 | Pending | Lakeway Area AOR #709106 |
| 09/23/2025 | $199,900 | Listed For Sale | Lakeway Area AOR #709106 |
Market trends in Morristown
Last updated May 2026
Avg. sale price
$266K
$11.52KMoM
Sale-to-List Price
99.0%
0.6%MoM
Price per sq ft
$179
$1MoM
Available listings
218
20MoM
Comparable Sales for 311 E 4th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.00 | Multi-Family Home | $185,000 | 11/24/25 | 4 | 2 | 1,696 | |
0.94 | Multi-Family Home | $257,000 | 11/21/25 | 4 | 2 | 1,740 | |
0.95 | Multi-Family Home | $245,000 | 06/23/26 | 4 | 4 | - | |
0.96 | Multi-Family Home | $245,000 | 06/23/26 | 4 | 4 | - | |
0.62 | Multi-Family Home | $748,700 | 01/15/26 | 4 | 8 | 5,360 | |
0.73 | Multi-Family Home | $1,050,000 | 05/22/26 | 4 | 4 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 311 E 4th 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
45 % 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
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 311 E 4th St
Off Market Homes Near 311 E 4th St

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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.
311 E 4th St, Morristown, TN 37814 is a 4 bedroom, 2 bathroom multi-family built in 1949. This property is not currently available for sale. 311 E 4th St was last sold on Nov 24, 2025 for $185,000 (7% lower than the asking price of $199,900). The current Trulia Estimate for 311 E 4th St is $194,800.

