5954 Hiawatha Rd Morristown, TN 37814
Property details
About 5954 Hiawatha Rd
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.
Highlights
Summary
- Full Bathrooms: 3
- Flooring Type: Ceramic Tile, Linoleum, Vinyl
- Total Bedroom Count: 6
- Heating: Baseboard, Electric
- Cooling: Wall/Window Unit(s)
- List Price: $379,900
- Price/SqFt: $163
- Annual Tax Amount: $1,141
- Tax Year: 2022
- Lot: Back Yard
- Directions: Heading north bound on Collinson Ford Rd merge right onto Hiawatha at the split. Property will be on your left.
- Year Built: 1979
- Stories: 2
- Living Area: 2,318 SqFt
- Lot Size: 0.94 Acres
- MLS Number: 708381
- MLS Name: Lakeway
- Office Name: RE/MAX Real Estate Ten Midtown
- Office Phone: (843) 307-7609
- Office Email: HowardGainey@yahoo.com
- Listing Agent: Ronald Bledsoe
Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.
Copyright © Lakeway Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 5:45:38 PM 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 |
|---|---|---|
| Jan 22, 2024 | Home Sold | $295,000 |
| Feb 22, 2022 | Home Sold | $260,000 |
| Mar 15, 2019 | Home Sold | $140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $57,920 | $- |
| 2022 | $57,920 | $1,141 |
| 2021 | $57,920 | $1,141 |
| 2020 | $57,920 | $1,141 |
| 2019 | $42,440 | $904 |
| 2018 | $42,440 | $904 |
| 2017 | $42,440 | $845 |
History based on county public records data.
Nearby schools
6
Alpha Elementary School
Public District KG-5
1.9 mi
•5620 Old US 11E Hwy
5
Manley Elementary School
Public District PK-5
4.1 mi
•551 W Economy Rd
7
Talbott Elementary School
Public District PK-5
4.4 mi
•848 Talbott Kansas 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 $61,977. Typical income of Morristown, TN residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Motocross
Extreme Sports
Where do the neighbors shop?
Dollar General
GameStop
Academy Sports & Outdoors
Where do the neighbors go to eat?
Cracker Barrel
Sonic
Little Caesars
What do the neighbors drive?
Ram
Jeep
Chevrolet
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 5954 Hiawatha Rd
The listing price of 5954 Hiawatha Rd property is $379,900.
The property 5954 Hiawatha Rd is a multi located in Morristown, Tennessee, 37814.
Active Listing: 5954 Hiawatha Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5954 Hiawatha Rd are: Alpha Elementary School (GreatSchools Rating 6/10), Manley Elementary School (GreatSchools Rating 5/10), Talbott Elementary School (GreatSchools Rating 7/10), West View Middle School (GreatSchools Rating 6/10), Lincoln Heights Middle School (GreatSchools Rating 5/10), Meadowview Middle School (GreatSchools Rating 5/10), Morristown West High School (GreatSchools Rating 5/10), Morristown East High School (GreatSchools Rating 4/10), Grainger High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2022 is $1,141 (source: MLS/based on county public records data).
The last sale was on January 22, 2024 for $295,000 (source: MLS/tax record).
The property 5954 Hiawatha Rd is 2,318 SqFt (source: MLS/tax record).
The year of construction for 5954 Hiawatha Rd is 1979.
This home is located at 5954 Hiawatha Rd in Morristown, TN and zip code 37814. This 2,318 square foot home, which was built in 1979, sits on a 0.94 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $379,900.
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. Between May and June 2025, Morristown, TN real estate market has seen increase in the number of listings by 0.8%. The median list price of listings available in June 2025 was $290,000, while the average time on the real estate market was 31 days.