Map of Property

106 King Avenue

For Sale

106 King Avenue, Morristown, TN 37814

This Morristown property for sale is located at 106 King Avenue. The current listed sale price for 106 King Avenue is $799,000. 106 King Avenue is situated on a lot that is 0.39 acre in size.

Contacts

broker
Ford Collier

SVN | Wood Properties

Property Details

  • Property Type Multi-Family
  • Property Size 4,500 SF
  • Units 5
  • Lot Size 0.39 Acre
  • Date Updated Jun 23, 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

Getting around

  • 51/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Food City

    0.19 miles

  • Sherwood Commons

    0.72 miles

  • Big Lots

    0.86 miles

  • Ingles

    0.90 miles

  • TJ Maxx

    0.93 miles

  • College Square Mall

    1.04 miles

  • Kohl's

    1.09 miles

  • Crossroads Square

    1.14 miles

  • Belk

    1.16 miles

  • Walmart Neighborhood Market

    1.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ford Collier

SVN | Wood Properties

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