Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 3-bedroom, 2-bathroom residential multi family at 1987 Joe Stephens Road in Morristown, TN is listed for $255,000. Built in 1952, on a 0.87 acres lot.
This income-producing property generates a combined monthly rental income of $1,950, delivering immediate cash flow for investors from day one. Currently configured as a duplex with both apartments sharing electric and water meters, the setup supports efficient operation while maintaining strong rental performance.
Offering both convenience and long-term flexibility, this property presents a solid opportunity for steady income and future upside. The versatile layout allows investors to continue operating the home as a multi-family rental or convert the property into a single-family residence with a private mother-in-law suite for added value.
Additional features include a fenced backyard area and rear patio, enhancing tenant desirability and outdoor living space. With strong rental functionality and multiple possibilities for future use, this property presents an attractive opportunity for both seasoned investors and owner-occupants seeking supplemental income. Please contact the listing agent to schedule all showings.
Key Features
- Built in 1952
- 0.87 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,364/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1987 Joe Stephens Road
Morristown, TN 37814
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 1987 Joe Stephens Road is listed at $255,000. The estimated monthly payment is $1,105 based on 20% down at 6.5% interest.
Key features include: Built in 1952, 0.87 acre lot. Exterior Features: Balcony, Rain Gutters.
This property is listed by Trey Cate and can be reached at 8653108786 or trey@thecategroup.com.








