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2215 Buffalo Tr Morristown, TN $ 1,200,000
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2215 Buffalo Tr
$ 1,200,000
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2215 Buffalo Tr

Morristown, TN, 37814
$ 1,200,000
Bedrooms-- Baths0.0 Sq 9,503

Monthly Estimate*

$ 8,288

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Multi-Family Home for sale in Morristown, TN

for $1,200,000. This 9,503 square foot home was built in 1935 on a lot size of 1.95.

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. The property offers additional upside potential through interior upgrades and the opportunity to increase 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.

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Multi-Family Active

Price

$ 1,200,000

Property Type

Multi-Family

Taxes

$ 8,059

Style

Lot Size

1.95

Year Built

1935

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

1360218
Features
General
Heating Central Electric
Cooling Central Cooling
Appliances Range Refrigerator
Construction Materials Stucco Frame
Year Built 1935
Gross Income 156300
County Hamblen County - 38
Net Operating Income 99470
Operating Expense 41200
Property Type Multi-Family
Attached Garage false
Status Active
Directions Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown Merge onto US-25E N in 9.3 Miles. Make a left on Cherokee Park and then an immediate left onto Buffalo Trail. In approximately .9 miles apts will be on your right at the NW corner of Buffalo Trace and Wagon Wheel Drive.
City Morristown
Number Of Units Total 17
MLS Area Hamblen County - 38
Lot Size Units Square Feet
Lot Size Square Feet 84942
MLS Area Minor Hamblen County - 38
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing New Loan true
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Interior
Flooring Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features On Premise Parking
Lot Size Area 84942
Building Area Total 9503
Lot Dimensions 242x372x137
Lot Size Acres 1.95
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* Excluded Features
List By
Solange Velas

Listing Agent

Goldman Partners Realty, Llc

Broker

svelas@gprknoxville.com

Email

Affordability Calculator

$8,960
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,288
Monthly Property Taxes
$672
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/27/2026$1,200,000 Listed Price

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2215 Buffalo Tr, Morristown, TN, 37814 is a Multi-Family Home for sale at $1,200,000 with 9,503 sqft and a lot size of 1.95. 2215 Buffalo Tr has 0.0 baths and was built in 1935. The property's zip code is 37814 which is in Morristown, TN

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