$745,000
Active
4
Beds
3
Baths
2825
Sqft
0.26
Acres
2843 Graystone Shls, Morristown, TN 37814
MLS#: 1359605
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Overview
Location
Mortgage
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Sold for $748,700
Sold for $748,700
1215 Shields Ferry Rd Morristown, TN 37814
$748,700
CLOSEDBeds
Baths
0
Sqft
5,360
Acres
0.41
Year
1976
Close Date
Jan 15, 2026
Property Type
Residential Income
Sub Type
Per Square Foot
$140
Date Listed
Oct 3, 2025
Description of 1215 Shields Ferry Rd, Morristown, TN 37814
Listing details for 1215 Shields Ferry Rd, Morristown, TN 37814 : RARE EIGHT PLEX IN MORRISTOWN - FULLY RENTED - NEW ROOF - 7.2 CAP RATE!!!
This fully rented 8 unit complex offers a strong investment opportunity in a prime location, just minutes away from Walmart and other essential amenities that tenants desire. Built in 1976, the property has been well maintained and is ready for its next owner. This property has undergone recent updates including a new roof with 6 inch gutters, new windows, fresh appliances and unit flooring. Two units have ductless mini splits and the rest have PTAC systems and all units come with washer/dryer connections, stoves and refrigerators. Tenants pay a flat fee for Seller provided WiFi and water and additionally tenants pay their own electric and trash. With its location near major retail and dining options, and access to highways and public services, this 8 unit is an ideal addition to your portfolio. No sign on property and we respectively request that you do not disturb the tenants.
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Listing Updated : 09-21-2026 at 10:03 AM CDT
Property Details
Property Overview
Listing Price
$775,000
MLS #ID
1317448
Close Price
$748,700
Close Date
Jan 15, 2026
Bedrooms
Bathrooms
0
Square Footage
5,360
Acres
0.41
Year
1976
Days on Site
47 Days
Property Type
Residential Income
Property Sub Type
Price per Sq Ft
$140
Date Listed
Oct 3, 2025
Location
Street Address
1215 Shields Ferry Rd
City
State
Tennessee
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown, 0.5 miles turn right onto Davy Crockett Pkwy to Cumberland Gap Park, in 2 miles turn left onto Old Highway 25E, in 5 miles turn left onto Shields Ferry Rd and keep left. In 150 ft the eight-plex will be on your left.
Home Specification
Total Square Feet
5,360
Construction / Architecture
Year Built
1976
Construction Materials
Block, Brick and Other
Roof
Composition
New Construction
No
Price per Sq Ft
$140
Lot Size (Sq Ft)
17,860
Lot Size (Acres)
0.41
Lot Dimensions
125X119
Interior Details
Appliances
Refrigerator and Range
Flooring
Laminate and Vinyl
Fireplace
No
Heating
Other, Zoned and Electric
Cooling
Wall Unit(s) and Zoned
Exterior Details
Garage
No
Attached Garage
No
Parking Features
On Premise Parking
Patio & Porch Features
Patio
Exterior Features
Patio
Fencing
None
Taxes, HOA & Financing
Annual Property Tax
$1,971.00
HOA Fee Includes
None
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Listing Provided By
Solange Velas, Goldman Partners Realty, LLC
Properties displayed may be listed or sold by various participants in the MLS
Source
East Tennessee Realtors, MLS#: 1317448
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $645K – $893K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $645K – $893K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
1/15/2026
Sold
$748,700
$140/sqft
Source:East Tennessee Realtors #1317448
East Tennessee Realtors #1317448 10/3/2025
Listed for sale
—
Source:East Tennessee Realtors #1317448
East Tennessee Realtors #1317448Location of 1215 Shields Ferry Rd, Morristown, TN 37814
Streetview of 1215 Shields Ferry Rd, Morristown, TN 37814
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Schools Near 1215 Shields Ferry Rd, Morristown, TN 37814
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $645K – $893K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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