Map of Property

106 King Avenue

106 King Avenue, Morristown, TN 37814

  • For Sale $799,000
  • Property Type Multi-Family
  • Property Size 4,500 SF
  • Units 5
  • Lot Size 0.39 Acre
  • Date Updated Jul 7, 2025
Located in Morristown, TN near many retailers and local amenities.This multifamily investment at 106–114 King Avenue in Morristown, TN features five units with a diverse mix of floor plans and a total projected annual income of $75,600. The unit breakdown includes two 2 bed / 1 bath units, two 1 bed / 1 bath units, and one large 4 bed / 2 bath unit, appealing to a wide range of renters. The property has undergone over $150,000 in recent capital improvements, including a new roof, updated HVAC systems, electrical and plumbing upgrades, and new windows and doors throughout—offering investors a truly turnkey asset. A detached garage provides an additional $150/month in income, further enhancing returns. Situated in a growing submarket with strong rental demand, this property presents a compelling opportunity for investors looking for immediate cash flow with long-term upside.
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Highlights

  • $150K+ in Recent CapEx: Roof, HVAC, Electrical, Plumbing, Windows, Doors
  • $75,600 in Annual Rental Income
  • 5 Total Units in Morristown, TN
  • Detached Garage Generates $150/Month Additional Income
  • Located Minutes from Downtown and Major Employers
  • Turnkey Investment with Strong Cash Flow
  • Unit Mix: (2) 2BR/1BA, (2) 1BR/1BA, (1) 4BR/2BA

Contacts

broker
Ford Collier

SVN | Wood Properties

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Morristown, TN
  • Zip Code 37814

Points of Interest

  • Sunoco

    0.31 miles

  • Shell

    0.94 miles

  • BP

    1.28 miles

  • Murphy USA

    1.30 miles

  • Exxon

    1.84 miles

  • Weigel's

    2.47 miles

  • ETRPSC Proving Grounds

    1.56 miles

  • Days Inn

    1.02 miles

  • Holiday Inn Express & Suites - Morristown

    1.35 miles

  • Fairfield Inn & Suites - Morristown

    1.41 miles

  • Scottish Inns Morristown, TN

    3.87 miles

  • Quality Inn & Suites

    4.06 miles

  • Hampton Inn & Suites

    4.16 miles

  • TownePlace Suites - Morristown

    4.99 miles

  • Super 8

    5.43 miles

  • Hampton Inn & Suites - Morristown

    5.45 miles

  • Best Western Plus Morristown Conference Center

    5.59 miles

  • Pizza Hut

    0.12 miles

  • Pal's

    0.15 miles

  • KFC

    0.54 miles

  • Popeyes

    0.78 miles

  • Arby's

    0.79 miles

  • Krystal

    0.79 miles

  • Little Dutch Restaurant

    0.80 miles

  • Waffle House

    0.83 miles

  • Hardee's

    0.87 miles

  • DQ Grill & Chill

    0.89 miles

  • Hillcrest Elementary School

    0.30 miles

  • Morristown-Hamblen East High School

    0.64 miles

  • Meadow View Middle School

    0.68 miles

  • Walters State Community College

    1.16 miles

  • Sherwood School

    1.18 miles

  • Fairview Marguerite Elementary School

    1.39 miles

  • Fairview-Marguerite Elementary School

    1.40 miles

  • Tennessee College of Applied Technology - Morristown

    1.54 miles

  • East Tennessee Regional Public Safety Center

    1.58 miles

  • John Hay Elementary School

    1.64 miles

  • Hill School

    0.90 miles

  • Douglas-Cherokee Daycare - Bean Station

    6.67 miles

Frequently Asked Questions

How much does 106 King Avenue cost?

The space currently listed for sale at 106 King Avenue asks for $799,000.

What is the total square footage of 106 King Avenue?

106 King Avenue totals 4,500 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Ford Collier

SVN | Wood Properties

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