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1215 Shields Ferry Rd, 
Morristown, TN 37814

$775,000


Bed


Bath


5,360

Sq Ft


Multi-Family

Active

Listed by

Solange Velas

Sakaylea Sanders

Goldman Partners Realty, LLC.

865-705-8675

Last updated:

October 16, 2025, 02:58 PM

MLS#

1317448

Source:

TN KAAR

About This Home

1215 Shields Ferry Rd

RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!! This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.

Home Facts

Multi-Family

Built in 1976

Price Summary

775,000

$144 per Sq. Ft.

MLS #:

1317448

Last Updated:

October 16, 2025, 02:58 PM

Added:

15 day(s) ago


Rooms & Interior

Interior

Living Area:

5,360 Sq. Ft.


Structure

Structure

Building Area:

5,360 Sq. Ft.

Year Built:

1976


Lot

Lot Size (Sq. Ft):

17,860


Finances & Disclosures

Finances

Price:

$775,000

Price per Sq. Ft:

$144 per Sq. Ft.

Source:TN KAAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.