About This Home

This 4-bedroom, 2-bathroom multi-family at 2860 Blue Ridge Drive in Morristown, TN is listed for $319,900. Built in 1986, on a 0.37 acres lot.

Key Features

  • Built in 1986
  • 0.37 acre lot
  • Fireplace

Property Details

1 story
2 full
1986

Amenities

Fireplace
Listing Description

Turnkey Renovated Duplex in Morristown, Tennessee Excellent investment opportunity in West Hamblen County! This fully renovated duplex offers two separate 2-bedroom, 1-bath units situated on a 0.37-acre lot just off Central Church Road. One unit is currently available for rent, providing an opportunity for a new owner to establish rental income at current market rates.

Each unit has been extensively updated with new LVP flooring, kitchen cabinets, countertops, stainless steel appliances, updated bathrooms, new windows, and fresh interior and exterior paint. Exterior improvements include new siding, gutters, decks, and updated heating and cooling systems, along with an existing metal roof.

Designed with rental functionality in mind, each unit features its own private entrance and separate driveway, providing added privacy and convenience for tenants. The property offers comfortable outdoor space while remaining manageable for an investment property.

Based on anticipated market rents of approximately $1,000-$1,200 per unit, the property has the potential to generate approximately $2,000-$2,400 in gross monthly rental income when fully occupied, subject to market conditions and lease terms. Whether you're adding to an existing rental portfolio or purchasing your first multifamily investment, this renovated Morristown duplex offers a strong combination of updated condition, rental potential, and low initial make-ready requirements.

Monthly Cost Estimate

$1,711/mo

20% down · 6.5% · 30 years

Principal$231
Interest$1,386
Insurance$93

Estimates only. Actual payments may vary.

Location

2860 Blue Ridge Drive

Morristown, TN 37814

Blue Ridge Hts

Property Details

Flooring

Vinyl

Construction

Brick

Outdoor Features

DeckPorch

Heating

Electric (Heating)

Cooling

Wall Unit(s)

Appliances

Electric RangeElectric Water HeaterMicrowaveRefrigeratorRange Hood

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 2860 Blue Ridge Drive is listed at $319,900. The estimated monthly payment is $1,711 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1986, 0.37 acre lot, Fireplace.

This property is listed by Amy Quarles Cate and can be reached at 8653893517.

AC

Amy Quarles Cate

Agent at The Cate Group, Realty & Property Management LLC

(865) 389-3517
Agent website

Listed by The Cate Group, Realty & Property Management LLC · Broker phone: 8653506411 · View on Broker Site · Broker website

MLS# 712928· Source: Lakeway Area Association of Realtors· 42 days on PropertySimple

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.

2860 Blue Ridge Drive, Morristown, TN 37814

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