2215 Buffalo Tr, Morristown, TN 37814 (MLS# 1360218)

2215 Buffalo Tr, Morristown, TN 37814

New Listing
$1,200,000
Property Type: Multi-Family Square Footage: 9,503 Lot Size (sq. ft.): 84,942 Status: Active
Current Price: $1,200,000 List Date: 10/27/2026 Last Modified: 10/27/2026

Overview

Description

VALUE ADD OPPORTUNITY - 17 UNITS - 8.3 CAP RATE - $1.2 MILLION - MORRISTOWN TN Buffalo Trail Apts are well located on a 2 acre corner lot offering plenty of on-site parking and great road signage with a traffic count of nearly 10,000 cars per day. Additionally, all units are separately metered for water and electric with tenants paying all charges. Buffalo Trail is conveniently located just steps from Walmart, local shops, popular restaurants, Cherokee Lake, US-11E, and I-81. Current ownership has invested over $60,000 in capital improvements over the past 36 months, with additional upside available through interior upgrades, enhanced amenities, and increased rents. With a manageable 17-unit size, established local demand, and opportunities to improve rents, Buffalo Trail Apartments presents an attractive value-add investment in East Tennessee. All showings by appointment only.

Listing Details MLS# 1360218

Location Tax Legal Info

House #
2215
Street Name
Buffalo
St Suffix
Tr
State/Province
TN
Zip Code
37814
PIN #
025 01900 000

Contract Info

Auction Y/N
No
Listing Price
1200000

General Property Description

SqFt - Total (Aprox)
9503
Lot Dimensions
242x372x137
Lot Size SqFt
84942
Number of Units
17
# Units Leased
14
Year Built
1935
Property Status
N/A
Driveway
Paved
Lease Information
15-1BR+1BA $750-950 2-2BR+1BA $750

Status Change Info

Status Change Date
2026-10-27

IncomeExpenses

Net Operating Income
99470

More Information

Property Features

Property Sub-Type: Other Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden; Unfurnished Sale Includes: Building and Land Floors: Laminate; Tile Tenant Expenses: Tenant Pays All Util Owner Expenses: Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes; Trash Collection Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Construction: Frame Roof: Composition Siding: Stucco Exterior Features: Deck; Patio Other Rooms: Bedroom Main Level Miscellaneous: Porch; Utility Room New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: October - 27 - 2026
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