Attention Investors!! Excellent buy in an 8-unit apartment building with very nice 2-bay metal building and small storage on 1.33 acre lot conveniently located near shopping, Cherokee Lake, Walters State, industrial park, schools. Priced below tax appraisal for quick sale! Property sold in as-is condition.
Multi-familyProperty Type
1973Year Built
1.19 acresLot Size
$28Price/Sq.Ft.
Listed by Brenda Winstead• ReMax Real Estate Ten
•423-581-8881 (agent)
•bewins@charter.net (agent)
•423-581-8881 (broker)
•heatherwalkerrealtor@gmail.com (broker)
Bought with Brenda Winstead• ReMax Real Estate Ten
•423-581-8881 (broker)
•heatherwalkerrealtor@gmail.com (broker)
Source:Knoxville MLS #718468
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Attention Investors!! Excellent buy in an 8-unit apartment building with very nice 2-bay metal building and small storage on 1.33 acre lot conveniently located near shopping, Cherokee Lake, Walters State, industrial park, schools. Priced below tax appraisal for quick sale! Property sold in as-is condition.
Public Records
Dec 27, 2004
Sold
$148,500
$35/sq ft
Public Records
May 21, 1996
Sold
$120,000
$29/sq ft
Public Records
Jan 31, 1996
Sold
$120,000
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,364 (+44.6%)
2024
$1,635
2023
$1,635
2022
$1,635
2021
$1,635
2020
$1,635 (+5.6%)
2019
$1,549
2018
$1,549
2017
$1,549
Tax history for 3505 Reeds Chapel Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,364 (+44.6%)
2024
$1,635
2023
$1,635
2022
$1,635
2021
$1,635
2020
$1,635 (+5.6%)
2019
$1,549
2018
$1,549
2017
$1,549
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Bathroom Information
# of Bathroom Fixtures: 24
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Radiant
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Continuous Footing
Building Construction Quality: Below Average
Exterior Wall: Brick
Roof Covering Type: Prefinished Metal
Roof Shape Type: Gable/Hip
Building Type: Apartment
Property Information
Living Sq. Ft: 4,200
Ground Floor Sq. Ft: 2,100
Building Sq. Ft: 2,100
# of Stories: 2
Parking & Garage Information
Parking Type: Unfinished Detached Garage
Garage/Parking Sq. Ft: 744
Garage / Carport Type: Unfinished Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 51,836
Acres: 1.19
Zoning Code: R1
State Use Description: COMMERCIAL
Utility Information
Electricity / Wiring Type: Available
Sewer Type: Public
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 8.0
Sq. Ft.: 4,200
Stories: 2.0
Lot Size: 1.19 acres
Style: Multi-Family (5+ Unit)
Year Built: 1973
Year Renovated: 1985
County: Hamblen County
APN: 025 12500 000
Home facts updated by county records on Jul 21, 2026
Around this home
Schools
John Hay Elementary School
Public K-5 • Assigned • 0.7mi
6/10
Meadowview Middle School
Public 6-8 • Assigned • 1.4mi
4/10
Morristown East High School
Public 9-12 • Assigned • 2.6mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 102° expected this year, 20 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
89
70
84
65
80
62
72
49
61
42
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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Sun exposure
In this area, properties receive around 9 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.