5954 Hiawatha Road Morristown, TN $ 359,900
5954 Hiawatha Road
$ 359,900
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5954 Hiawatha Road

Morristown, TN, 37814
$ 359,900
Bedrooms6 Baths3.0 Sq 1,537

Monthly Estimate*

$ 2,245

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Multi-Family Home for sale in Morristown, TN

for $359,900 with 6 bedrooms and 3 full baths. This 1,537 square foot home was built in 1979 on a lot size of 0.94.

Investment Opportunity in West End Morristown - 9% Cap Rate Triplex on Nearly 1 AcreLocated in a desirable area of West End Morristown, this well-positioned triplex sits on a spacious 0.94-acre lot and offers immediate cash flow with a current cap rate of approximately 9%. Each unit is separately metered and fully occupied, providing stable rental income with room for future growth.The property features ample parking, a large shared yard, and potential for expansion or value-add improvements. Whether you're a seasoned investor or looking to start your portfolio, this triplex presents a rare opportunity in a sought-after area close to schools, shopping, and major roadways.

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Multi-Family Active

Price

$ 359,900

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,141

Style

Triplex

Lot Size

0.94

Year Built

1979

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

708381

Features
General
Sewer Septic Tank
Heating Baseboard Electric
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Shingle
Electric 220 Volts in Laundry
County Hamblen
Levels Two
Property Type B
Tax Year 2024
Occupant Type Call Agent
Status Active
Auction Y/N No
Acres 0.9400
Construction Materials Block Brick
Sub Type Triplex
Year Built 1979
Directions Heading north bound on Collinson Ford Rd merge right onto Hiawatha at the split. Property will be on your left.
City Morristown
Structure Type Triplex
Street Name Hiawatha
Public Remarks Investment Opportunity in West End Morristown - 9% Cap Rate Triplex on Nearly 1 AcreLocated in a desirable area of West End Morristown this well-positioned triplex sits on a spacious 0.94-acre lot an
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Exterior
Lot Features Back Yard
Water Source Public
Foundation Block
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Interior
Flooring Ceramic Tile Vinyl Linoleum
Total Units 3
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* Excluded Features
List By
Re/Max Real Estate Ten Midtown

Broker

Ronaldbledsoe12@outlook.com

Email

Affordability Calculator

$2,340
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,245
Monthly Property Taxes
$95
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2025$359,900 -1.37% Price Down
9/19/2025$364,900 -3.95% Price Down
7/25/2025$379,900 Listed Price

Map


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5954 Hiawatha Road, Morristown, TN, 37814 is a Multi-Family Home for sale at $359,900 with 1,537 sqft and a lot size of 0.94. 5954 Hiawatha Road has 6 bedrooms, 3.0 baths, and was built in 1979. The property's zip code is 37814 which is in Morristown, TN