1215 Shields Ferry Road

Closed 1/15/26Virtual Tour
Closed 1/15/26Virtual Tour
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Sold
Last Sold Price
$748,700
5,360 sqft
1215 Shields Ferry Rd, Morristown, TN 37814
Multi FamilyProperty Type
0.41 acresLot Size
1976Year Built
$140/sq ftPrice per sq ft

Description

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...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.
  • Listed by: Solange Velas • Goldman Partners Realty, LLC
  • Listed by: Sakaylea Sanders • Goldman Partners Realty, LLC
Listing closed: 01/15/2026 12:00 AM • Source: KAARMLS, MLS#: 1317448
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Location

Listing Courtesy of Goldman Partners Realty, LLC, Solange Velas; Goldman Partners Realty, LLC, Sakaylea Sanders (865.258.4161)

Sold By eXp Realty, LLC, Alex Rodriguez (423.200.7782)

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$4,033 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,869

Property Taxes

$164

HOA Dues

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Property Information for 1215 Shields Ferry Road

Property Details
  • Taxes: $1,971 / year
  • MLS Type: Multi-Family
  • County: Hamblen County
  • Sub division Name: Hall Ray D Prop
Building Information
  • Residences: 8
  • Year Built: 1976
  • Lot Size: 0.41 AC / 17,859 SF
Summary
Location and General Information
  • City: Morristown
  • County Or Parish: Hamblen County - 38
  • 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.
  • Latitude: 36.227084
  • Longitude: -83.295219
  • MLS Area Major: Hamblen County - 38
  • MLS Area Minor: Hamblen County - 38
  • Postal Code: 37814
  • State Or Province: TN
  • Location Tax Legal Info Area: Hamblen County - 38
  • Remarks Misc 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.
Parking
  • Attached Garage: No
  • Parking Features: On Premise Parking
  • General Property Description Driveway: Paved
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 033D I 011.02
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 1971.0
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Building Area Source: Tax Records
  • Lot Size Area: 17860.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 17860.0
  • Year Built: 1976
  • Building Area Total: 5360.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.41
  • Lot Size Dimensions: 125X119
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 125X119
  • General Property Description Lot Size SqFt: 17860.0
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 280.0
  • Fuel Electric: True
  • Miscellaneous WasherDryer Cnctns: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Block, Other
  • Siding Brick: True
  • Siding Other: True
  • Exterior Features Patio: True
Interior Features
  • Cooling: Wall Cooling, Zoned
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Range, Refrigerator
  • Heating Details: Zoned, Other, Electric
  • Flooring: Laminate, Vinyl
  • Heating: Yes
  • Cooling Wall Cooling: True
  • Cooling Zoned: True
  • Floors Laminate: True
  • Floors Vinyl: True
  • Heat - Other: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Roof Composition: True
  • Misc Features WasherDryer Connect: True
Multi Family
Income & Expenses Information
  • Gross Income: $79,788.00
  • Net Operating Income: $55,644.00
  • OperatingExpense: $16,144.00
Multi-Family Information
  • Number Of Units Total: 8
  • Type of Units Efficiency Unit: True
  • Type of Units 1 Bedroom Unit: True
  • Type of Units Garden: True
  • Type of Units Unfurnished: True
  • Income Expenses Gross Annual Income: 79788.0
  • Income Expenses Annual Oper Expenses: 16144.0
Unit 1
  • Unit 1 Unit Number: A
  • Unit 1 Beds Total: 1
  • Unit 1 Rent: 825
  • Unit 1 Squarefeet: 670.0
  • Unit 1 Furnished: Unfurnished
  • Unit 1 Lease: Yes
Unit 2
  • Unit 2 Unit Number: B
  • Unit 2 Beds Total: 1
  • Unit 2 Rent: 725
  • Unit 2 Squarefeet: 670.0
  • Unit 2 Furnished: Unfurnished
  • Unit 2 Lease: Yes
Unit 3
  • Unit 3 Unit Number: C
  • Unit 3 Beds Total: 1
  • Unit 3 Rent: 825
  • Unit 3 Squarefeet: 670.0
  • Unit 3 Furnished: Unfurnished
  • Unit 3 Lease: Yes
Unit 4
  • Unit 4 Unit Number: D
  • Unit 4 Beds Total: 1
  • Unit 4 Rent: 725
  • Unit 4 Squarefeet: 670.0
  • Unit 4 Furnished: Unfurnished
  • Unit 4 Lease: Yes
Unit 5
  • Unit 5 Unit Number: E
  • Unit 5 Beds Total: 0
  • Unit 5 Rent: 725
  • Unit 5 Squarefeet: 670.0
  • Unit 5 Furnished: Unfurnished
  • Unit 5 Lease: Yes
Unit 6
  • Unit 6 Unit Number: F
  • Unit 6 Beds Total: 0
  • Unit 6 Rent: 850
  • Unit 6 Squarefeet: 670.0
  • Unit 6 Furnished: Unfurnished
  • Unit 6 Lease: Yes
Unit 7
  • Unit 7 Unit Number: G
  • Unit 7 Beds Total: 0
  • Unit 7 Rent: 725
  • Unit 7 Squarefeet: 670.0
  • Unit 7 Furnished: Unfurnished
  • Unit 7 Lease: Yes
Unit 8
  • Unit 8 Unit Number: H
  • Unit 8 Beds Total: 0
  • Unit 8 Rent: 824
  • Unit 8 Squarefeet: 670.0
  • Unit 8 Furnished: Unfurnished
  • Unit 8 Lease: Yes
Rental
Rent Information
  • General Property Description Number of Units Leased: 8.0
  • General Property Description Lease Information: 4 - Studio + 1 BA $725-850 4- 1BR + 1BA $725-825
  • Tenant Expenses Cooling: Wall Cooling,Zoned
  • Tenant Expenses Electricity: True
  • Tenant Expenses Heating: Zoned,Other,Electric
  • Tenant Expenses Trash Collection: True
  • Tenant Expenses Other: True

Property History for 1215 Shields Ferry Road

DateEvent & SourcePriceAppreciation
Jan 15, 2026

Closed

KAARMLS #1317448

$748,700—
Dec 4, 2025

Closed (Public Record)

Public Record #1926390464

$748,700—
Oct 18, 2025

Contract - Not Showing

KAARMLS #1317448

—
DateEvent & SourcePrice
01/15/2026

Closed

KAARMLS #1317448

$748,700
12/04/2025

Closed (Public Record)

Public Record #1926390464

$748,700
10/18/2025

Contract - Not Showing

KAARMLS #1317448

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1215 Shields Ferry Road

Taxable ValueLand$11,360Additions$109,720Total$121,080
Tax Record2025$1,586 ($132 / month)
Home Facts
Baths8Total Finished SqFt8,040 SqFtAbove Grade Finished SqFt5,360 SqFtFinished Basement SqFt2,680 SqFtStories1Lot Size17,860 SqFtStyleMiscellaneous CommercialYear Built1976Year Renovated1989ZoningR2CountyHAMBLENAPN033D-I-011.02

Schools near 1215 Shields Ferry Road

This home is within Hamblen County School District.
Rating
School
Type
Grades
Distance
Fairview Marguerite
Public - PK to 5
Meadowview Middle School
Public - 6 to 8
Morristown East High School
Public - 9 to 12
Hamblen County Alternative School
Public - K to 12
Rating
School
Distance
Fairview Marguerite
PublicPK to 5

Meadowview Middle School
Public6 to 8

Morristown East High School
Public9 to 12

Hamblen County Alternative School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goldman Partners Realty, LLC, Solange Velas; Goldman Partners Realty, LLC, Sakaylea Sanders (865.258.4161)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 01/15/2026 06:08 PM