Backup offers
$2,374 Closing Credit¹
#706890, Heather Walker, Listing Office: RE/MAX Real Estate Ten Midtown
$249,900 List price
926 E Main St Morristown, TN 37814
$2,968
Closing credit¹
4 beds
3 full, 1 partial
2,352 sqft
0.2 acres
$106 / sqft
Multi-Family
Property details
About 926 E Main St
Don't miss this fantastic opportunity to expand your investment portfolio with this fully leased, income-producing triplex in the heart of Morristown! This property features three rental units, including two side-by-side main-level units and a basement efficiency, all currently occupied under yearly lease agreements. With a gross income of $27,600 per year, an estimated net income of $23,165 and an 10.8% cap rate, this property offers a strong return on investment. Recent updates include a newly renovated bathroom in Unit B, completed within the last month. Each unit benefits from 1-2 off-street parking spaces, adding to tenant convenience. Situated in a prime location, this property provides easy access to shopping, dining, and major roadways. Additionally, the neighboring rental property at 1002/1004 E Main St is also available for purchase, presenting an incredible opportunity to acquire multiple income-producing units in one area. Don't let this investment slip away—schedule your showing today!
Highlights
Home typeTriplex
HeatingHeat Pump
StatusActive
CoolingElectric, Heat Pump, Wall/Window Unit(s)
Size2,352 sqft
BasementYes
Lot size0.23 Acres
Year built1900
MLS #706891
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Electric Oven, Electric Range, Refrigerator
- Basement: Yes
- Total Bedroom Count: 4
- Architectural Style: Victorian
- Heating: Heat Pump
- Cooling: Electric, Heat Pump, Wall/Window Unit(s)
- List Price: $249,900
- Price/SqFt: $106
- Annual Tax Amount: $1,102
- Tax Year: 2022
- Lot: City Lot
- Directions: From Andrew Johnson Hwy turn onto Liberty Hill Rd, Turn Left onto E Main St, Property on Left
- Year Built: 1900
- Living Area: 2,352 SqFt
- Lot Size: 0.23 Acres
- MLS Number: 706891
- MLS Name: Lakeway
- Office Name: RE/MAX Real Estate Ten Midtown
- Office Phone: (843) 307-7609
- Office Email: HowardGainey@yahoo.com
- Listing Agent: Heather Walker
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: 5/6/2025, 5:15:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$249,900
926 E Main St
$2,968
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $32,200 | $- |
| 2022 | $34,880 | $1,102 |
| 2021 | $34,880 | $1,102 |
| 2020 | $34,880 | $1,102 |
| 2019 | $30,160 | $950 |
| 2018 | $30,160 | $950 |
| 2017 | $30,160 | $892 |
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
1.1 mi
•215 Lincoln Ave
5
West Elementary School
Public District PK-5
1.3 mi
•235 W Converse St
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. Most Morristown, TN residents have annual incomes less than $<35k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
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
Similar homes for sale
This home is located at 926 E Main St in Morristown, TN and zip code 37814. This 2,352 square foot home, which was built in 1900, sits on a 0.23 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $249,900.
In April 2025, from all listings sold in Morristown, TN there were more than 5 sold above asking price, over 16 sold below and more than 12 were sold right at the asked price. The number of homes for sale in Morristown, TN increased by 8.7% between March and April 2025. In April 2025, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $285,000.
From Rocket Homes Real Estate and based on county public records data.