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1987 Joe Stephens Road
Morristown TN 37814 US

$255,000

Active Listing ID 708974
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3 bed
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2.00 Bath (2 Full)
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Lot: 0.87 Acres
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Other

$255,000

Active Listing ID 708974
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1987 Joe Stephens Road 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.

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Property Features

  • Facts
  • Lot Size: 0.87 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Cooling System: Ceiling Fan(s), Wall Unit(s), Central Air
  • Exterior Finish: Balcony, Rain Gutters
  • Floor Covering: Vinyl, Wood, Combination
  • Roof Type: Shingle
  • Heating Fuels: Central, Varies by Unit (Heating)
  • Additional Features
  • Patio

School Information

  • School
  • Manley(Elementary)
  • Westview(MiddleSchool)
  • West(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 255000
  • unparsedaddress: 1987 Joe Stephens Road
  • postalcity: Morristown
  • stateorprovince: TN
  • country: US
  • postalcode: 37814
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.87
  • lotsizeunits: Acres
  • lotsizearea: 0.87
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 36.221581
  • longitude: -83.366702
  • listagentfullname: Trey Cate
  • listagentemail: trey@thecategroup.com
  • listagentkey: 3yd-LAARTN-tcate378622
  • listagentmlsid: tcate378622
  • listagentpreferredphone: 8653108786
  • listagentofficephone: 8653108786
  • listofficekey: 3yd-LAARTN-o776000180
  • listofficemlsid: o776000180
  • disclaimer: 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.
  • sourcesystemid: LAARTN
  • yearbuilt: 1952
  • listingcontractdate: 2025-09-10
  • listagenturl: http://TheCateGroup.com
  • countyorparish: Hamblen
  • parcelnumber: 032
  • elementaryschool: Manley
  • highschool: West
  • appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
  • cooling: Ceiling Fan(s), Central Air, Wall Unit(s)
  • constructionmaterials: Vinyl Siding
  • flooring: Vinyl, Wood, Combination
  • heating: Central, Varies by Unit (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Balcony, Rain Gutters
  • rooms: Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Laundry Room, Bedroom 1
  • patioandporchfeatures: Patio
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.3667, 36.22158
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Cate Group, Realty & Property Management LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"trey@thecategroup.com", "ListBrokerageCity":"Jefferson City", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"The Cate Group, Realty & Property Management LLC", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"303 Rocktown Road", "ListBrokerageWebsiteUrl":"http://TheCateGroup.com", "ListOfficeAddress1":"303 Rocktown Road ", "ListOfficeAddress2":"", "ListOfficeBrokerMlsId":"o776000180", "ListOfficeCity":"Jefferson City", "ListOfficeCountry":"US", "ListOfficeEmail":"amy@thecategroup.com", "ListOfficePostalCode":"37760", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Morristown, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1987-Joe-Stephens-Rd_Morristown_TN_37814_M83310-56013?f=listhub&s=LAARTN&m=708974&c=rexren", "MLSModificationTimestamp":"2026-06-08 13:42:57", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":504, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/9/2026 9:31:30 AM GMT
Source Updated Date: 6/26/2026 12:41:02 PM GMT

Courtesy of: Trey Cate, The Cate Group, Realty & Property Management LLC, trey@thecategroup.com

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.