# 1987 Joe Stephens Road, Morristown, TN 37814

> **TL;DR:** 3bd/2ba residential multi family, $255,000, built 1952.
> A/C. Est. $1,105/mo. Listed 264 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $255,000 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Year Built | 1952 |
| Lot Size | 37,897 sqft (0.87 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 264 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,105 |
| **Total** | **$1,105** |

## Nearby Schools

- **Elementary:** Manley
- **Middle:** Westview
- **High:** West

## Key Amenities

- A/C

## Property Highlights

- Built in 1952
- 0.87 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1987 Joe Stephens Road, Morristown, TN 37814
- **County:** Hamblen
- **Coordinates:** 36.221581, -83.366702
- **Google Maps:** https://www.google.com/maps?q=36.221581,-83.366702

## Listing Agent

- **Name:** Trey Cate
- **Brokerage:** The Cate Group, Realty & Property Management LLC
- **Phone:** 8653108786
- **Email:** trey@thecategroup.com

## Primary Photo

![1987 Joe Stephens Road - Primary Photo](http://lh.rdcpix.com/6db35d1a2f32d5182d65f53399571d60l-f511562046r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/1987-joe-stephens-road-morristown-tn-37814-n708974)*

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**MLS#:** 708974 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1987-joe-stephens-road-morristown-tn-37814-n708974)

---

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