Generating a strong combined monthly rental income of $1,875, this income-producing duplex offers immediate cash flow from day one. Both units are currently occupied, providing stable tenancy, and each apartment is separately metered for water and electricity, supporting efficient management and reduced operating complexity. One of these units is newly renovated, further adding to overall value and tenant appeal. Located just minutes from downtown, the property presents an opportunity for investors seeking dependable income and long-term upside. The neighboring duplex at 1562-1564 Shields Ferry Road is also available for purchase, creating the potential to acquire multiple side-by-side rental properties in a desirable location. With current rental income, recent improvements, and high potential, this property is well-suited for investors looking to expand or strengthen their portfolio in the Morristown market. Please contact the listing agent to schedule all showings.
Multi-familyProperty Type
1995Year Built
0.3 acresLot Size
$136Price/Sq.Ft.
Listed by Trey Cate• The Cate Group, Realty & Property Management LLC
Bought with Steve Carpenter• RE/MAX Real Estate Ten Midtown
Sale and tax history for 1542-1544 Shields Ferry Road Rd
Sale History
Tax History
Date
Event
Price
LAAR #708972
Jun 23, 2026
Sold
$245,000
$136/sq ft
May 19, 2026
Pending
—
May 14, 2026
Price Changed
$272,000
$151/sq ft
Apr 7, 2026
Price Changed
$280,750
$156/sq ft
Mar 12, 2026
Relisted
—
Oct 29, 2025
Price Changed
$289,500
$161/sq ft
Sep 10, 2025
Listed
$297,000
$165/sq ft
Public Records
Aug 30, 2021
Sold
$250,000
$139/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,180 (+58.7%)
2024
$1,374
2023
$1,374
2022
$1,374
2021
$1,374 (+0.1%)
2020
$1,372 (+11.7%)
2019
$1,228 (+7.9%)
2018
$1,138 (+1.6%)
2017
$1,119
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
90 ft.
Lot depth
140 ft.
Lot size
0.29 Acres
Year renovated
2001
Sq. Ft.
1,800
Year built
1995
Style
Multi-Family (2-4 Unit)
County
Hamblen County
APN
024M D 03400 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 21, 2026.
R2
Medium Density Residential District
This is a residential district to provide for medium population density. The principal uses of land may range from single-family to medium density multi-family apartment uses. Certain uses which are more compatible functionally with intensive residential uses than with commercial uses are permitted. The recreational, religious, educational facilities, and other related uses in keeping with the residential character of the district may be permitted on Review by the Board of Zoning Appeals.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Agriculture-Cropland
Property details
Interior
Bathroom Information
# of Full Bathrooms: 4
Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s)
Has Heating
Heating: Central
Interior Features
Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Room Information
Laundry Features: Laundry Closet, Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Features
Exterior Features: Balcony, Rain Gutters
Patio And Porch Features: Covered, Front Porch, Rear Porch
Roof: Shingle
Building Information
Structure Type: Duplex
Above Grade Finished Area: 1,800
Levels: One
# of Stories Total: 1
Construction Materials: Vinyl Siding
Foundation Details: Slab
Property Features
Other Structures: None
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Common Walls: 1 Common Wall
Lot Information
Lot Features: Paved
Road Surface Type: Paved
Road Frontage Type: County Road
Lot Size : 0.3
Lot Size Area: 0.3
Lot Size Units: Acres
Lot Size Acres: 0.3
Financial
Tax Information
Tax Annual Amount: $1,373.97
Utilities
Utility Information
Water Source: Public
Electric: Circuit Breakers
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Location
Schools Information
Elementary School: Fairview-Marg
Middle Or Junior School: Meadowview
High School: East
Location Information
Directions: Traveling East through Morristown on 11E, follow the main highway as is turns into W First North St, then you will take a left on to Buffalo Trail. Following Buffalo trail, you will eventually take a left to Shields Ferry Rd. Follow this road and the duplex will be on your right.
Subdivision Name: Fairview Garden
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 1,800
Stories: 1.0
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1995
Year Renovated: 2001
County: Hamblen County
APN: 024M D 03400 000
Home facts updated by county records on Oct 21, 2026
Other
Listing Information
List AOR: Lakeway Area Association of REALTORS®
Around this home
Schools
Fairview Marguerite
Public PreK-5 • Assigned • 0.4mi
3/10
Meadowview Middle School
Public 6-8 • Assigned • 1.3mi
4/10
Morristown East High School
Public 9-12 • Assigned • 1.4mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
5/10 Air Factor
8 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Morristown, TN • 37814
Average low and high temperatures (°F)
42
26
52
32
67
42
75
52
76
56
85
65
88
71
84
65
80
61
72
49
61
42
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Morristown. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$288,000 – $348,000
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