305-365 Barkley Landing Drive, Morristown, TN 37813 (MLS# 1304724)

305-365 Barkley Landing Drive, Morristown, TN 37813

$2,500,000

Property Type: Multi-Family Square Footage: 12,801 Status: Closed

Current Price: $2,500,000 List Date: 6/14/2025 Last Modified: 2/11/2026

Overview

Description

Brand New Construction Multi-Family Investment Property – 12 Fully Leased Units in Morristown, TN Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential. Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal. Property Highlights: – Total of 12 units (3 buildings with 4 units each) – Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft. – One handicap-accessible unit per building (3 total) – Fully leased – stabilized with immediate rental income – Completed in 2024 – low-maintenance, turnkey investment – Located in a strong rental market with continued growth Pro forma available upon request. Whether you’re a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location. Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee’s most promising rental markets. Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.

Listing Details MLS# 1304724

Location Tax Legal Info

House #: 305-365
Street Name: Barkley Landing
St Suffix: Drive
State/Province: TN
Zip Code: 37813
PIN #: 042J C 010.00
Subdivision: BARKLEY LANDING APTS REV LOTS 9,10,11,12

Contract Info

Auction Y/N: No
Listing Price: 2700000

General Property Description

SqFt – Total (Aprox): 12801
Lot Dimensions: 300×150
Number of Units: 12
Utilities/Mo Avg: 180
Year Built: 2024
Property Status: N/A
Driveway: Yes

Status Change Info

Status Change Date: 2026-02-10
Under Contract Date: 2025-10-16
Sold Date: 2026-02-09

Location, Tax & Legal Info

Area: Hamblen County – 38
City/County Code: City Limits
Total Tax: 0

Remarks & Misc

Directions: GPS-friendly and easy to access. Once on Barkley Landing Drive, continue straight up the hill. A newly built complex will be on your left. Buildings are black and white in color.
Public Remarks: Brand New Construction Multi-Family Investment Property – 12 Fully Leased Units in Morristown, TN Introducing an outstanding investment opportunity with three newly built 4-unit apartment buildings in the thriving market of Morristown, Tennessee. Completed in 2024, this brand new construction multi-family asset features 12 spacious, tenant-occupied units offering immediate income and long-term growth potential. Each unit boasts a well-designed 3-bedroom, 2-bathroom floor plan with 1,054 square feet of living space, offering modern interiors, open layouts, and durable finishes. Every building includes one ADA-compliant, handicap-accessible unit, enhancing accessibility and broadening tenant appeal. Property Highlights: – Total of 12 units (3 buildings with 4 units each) – Each unit: 3 bedrooms / 2 bathrooms / 1,054 sq. ft. – One handicap-accessible unit per building (3 total) – Fully leased – stabilized with immediate rental income – Completed in 2024 – low-maintenance, turnkey investment – Located in a strong rental market with continued growth Pro forma available upon request. Whether you're a seasoned investor or entering the multifamily space, this property offers a unique chance to own high-quality, newly constructed units with strong occupancy in a desirable location. Seize this opportunity to add a stable, income-producing asset to your portfolio in one of East Tennessee's most promising rental markets. Information contained in this listing is deemed reliable. Buyer to independently verify and perform due diligence to confirm information is accurate.

More Information

Income/Expenses

Gross Annual Income: 244000
Annual Oper Expenses: 39000

Property Sub-Type

Apartment: Yes
Four Plex: Yes

Construction

Frame: Yes

Type of Units

3 or more Bdrm Units: Yes
Handicap: Yes
Unfurnished: Yes

Siding

Vinyl: Yes

Sale Includes

Building and Land: Yes
No Furnishings: Yes

Miscellaneous

Balcony: Yes
Patio: Yes
TV Cable Available: Yes
Utility Room: Yes
Washer/Dryer Cnctns: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Other: Yes

Garage/Parking

On Premise Parking: Yes

Tenant Expenses

Cooling: Yes
Electricity: Yes
Heating: Yes
Sewer: Yes
Tenant Pays All Util: Yes
Trash Collection: Yes
Water: Yes

Owner Expenses

Electricity: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn Maintenance: Yes
Leasing Fees: Yes
Taxes: Yes

Fuel

Electric: Yes

Heat

Central: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Smoke Detector: Yes

Other Rooms

Family Room: Yes

Roof

Shingle: Yes

Exterior Features

Balcony: Yes
Cable Available (TV Only): Yes
Deck: Yes
Handicap Accessible: Yes
Patio: Yes

Misc Features

Internet Available: Yes
Pantry: Yes
Washer/Dryer Connect: Yes
Wired for DSL: Yes
Wired for Internet: Yes

New Financing

Call Listing Agent: Yes
Cash: Yes
Conventional: Yes
Exchange: Yes

Property Features

Property Sub-Type: Apartment; Four Plex Type of Units: 3 or more Bdrm Units; Handicap; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Other Tenant Expenses: Electricity; Sewer; Tenant Pays All Util; Trash Collection; Water Owner Expenses: Electricity; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Taxes Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector Construction: Frame Roof: Shingle Siding: Vinyl Exterior Features: Balcony; Cable Available (TV Only); Deck; Handicap Accessible; Patio Misc Features: Internet Available; Pantry; Washer/Dryer Connect; Wired for DSL; Wired for Internet Other Rooms: Family Room Miscellaneous: Balcony; Patio; TV Cable Available; Utility Room; Washer/Dryer Cnctns New Financing: Call Listing Agent; Cash; Conventional; Exchange

Listing Office: Prime Mountain Properties

IDX

Office Phone: 865-453-4049

Last Updated: February – 11 – 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.