#706982, Laura Dickerson, Tiffanie Pollock, Listing office: Keller Williams Properties
Property details
About 106 King Ave
This multifamily investment at 106-114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset. A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.
Highlights
Home typeOther
HeatingCentral
StatusSale Pending
(Pending - Continue to Show)
(Pending - Continue to Show)
CoolingCentral Air
Size4,500 sqft
Year built1974
ParkingOn Premise Parking
MLS #1305778
Summary
- Flooring Type: Carpet, Vinyl
- Attached Garage: No
- Parking: On Premise Parking
- Heating: Central
- Cooling: Central Air
- List Price: $799,000
- Price/SqFt: $177
- Directions: From E Morris Blvd turn left onto S Liberty Hill Road. Then turn left onto E Main St. Turn right onto King Ave - property on the right.
- Year Built: 1974
- Living Area: 4,500 SqFt
- MLS Number: 1305778
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: SVN I Wood Properties
- Office Phone: (865) 936-9999
- Office Email: marisa.hipsher@svn.com
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Last updated on: 7/30/2025, 7:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 01, 2022 | Home Sold | $365,000 |
| Sep 21, 2001 | Home Sold | $125,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $55,000 | $- |
History based on county public records data.
Nearby schools
4
Hillcrest Elementary School
Public District PK-5
0.3 mi
•407 S Liberty Hill Rd
6
Lincoln Heights Elementary School
Public District PK-5
1.3 mi
•215 Lincoln Ave
3
Fairview Marguerite
Public District KG-5
1.4 mi
•2125 Fairview Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,435. Typical income of Morristown, TN residents is less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
44%
<35k
40%
35k-100k
14%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
10%
Single, with Kids
25%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
41%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Horse Races
Pro Boxing
Where do the neighbors shop?
Big Lots
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Golden Corral
LongHorn Steakhouse
White Castle
What do the neighbors drive?
Kia
Buick
Chevrolet
What do the neighbors listen to?
Adult Standards
Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 106 King Ave
The listing price of 106 King Ave property is $799,000.
The property 106 King Ave is a house located in Morristown, Tennessee, 37814.
Sale Pending: 106 King Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 106 King Ave are: Hillcrest Elementary School (GreatSchools Rating 4/10), Lincoln Heights Elementary School (GreatSchools Rating 6/10), Fairview Marguerite (GreatSchools Rating 3/10), Meadowview Middle School (GreatSchools Rating 5/10), Lincoln Heights Middle School (GreatSchools Rating 5/10), West View Middle School (GreatSchools Rating 6/10), Morristown East High School (GreatSchools Rating 4/10), Morristown West High School (GreatSchools Rating 5/10), Hamblen County Alternative School (GreatSchools Rating 1/10).
The last sale was on September 1, 2022 for $365,000 (source: MLS/tax record).
The property at 106 King Ave has 0 bathroom.
The property 106 King Ave is 4,500 SqFt (source: MLS/tax record).
The year of construction for 106 King Ave is 1974.
This home is located at 106 King Ave in Morristown, TN and zip code 37814. This 4,500 square foot home was built in 1974. Features: 0 bathroom. It has been listed on Rocket Homes since June 23, 2025 and is currently priced at $799,000.
In June 2025 more than 10 listings in Morristown, TN were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 32 were sold below. The number of listings in Morristown, TN increased by 0.8% between May and June 2025. In June 2025 median list price was $290,000 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.