About This Home

This 6-bedroom, 0-bathroom residential multi family at 2215 Buffalo Tr in Morristown, TN is listed for $1,200,000 ($126 per sqft). Built in 1935, the home offers 9,503 sqft of living space on a 1.95 acres lot.

Key Features

  • Built in 1935
  • 1.95 acre lot

Property Details

4 full
1935

Amenities

A/C
Listing Description

VALUE ADD OPPORTUNITY - 17 UNITS - 8.3 CAP RATE - $1.2 MILLION - MORRISTOWN TN Buffalo Trail Apts are well located on a 2 acre corner lot offering plenty of on-site parking and great road signage with a traffic count of nearly 10,000 cars per day. Additionally, all units are separately metered for water and electric with tenants paying all charges.

Buffalo Trail is conveniently located just steps from Walmart, local shops, popular restaurants, Cherokee Lake, US-11E, and I-81. Current ownership has invested over $60,000 in capital improvements over the past 36 months, with additional upside available through interior upgrades, enhanced amenities, and increased rents.

With a manageable 17-unit size, established local demand, and opportunities to improve rents, Buffalo Trail Apartments presents an attractive value-add investment in East Tennessee. All showings by appointment only.

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

2215 Buffalo Tr

Morristown, TN 37814

Property Details

Flooring

TileLaminate

Construction

Stucco Frame

Outdoor Features

Patio

Heating

Electric (Heating)Central

Cooling

Central Air

Appliances

RangeRefrigerator

Questions & Answers

This 6-bedroom, 0-bathroom residential multi family at 2215 Buffalo Tr is listed at $1,200,000 ($126/sqft). The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 1.95 acre lot.

This property is listed by Solange Velas.

SV

Solange Velas

Agent at Goldman Partners Realty, LLC

Listed by Goldman Partners Realty, LLC · Broker phone: (865) 444-3241 · View on Broker Site · Broker website

MLS# 1360218· Source: East Tennessee Realtors®· 1 day on PropertySimple

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2215 Buffalo Tr, Morristown, TN 37814

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