818 Guy Collins Rd
About This Property
This fully remodeled 2 bedroom, 1 bath brick home sits on 2.014 acres in Morristown with room to actually do something with your land. Garden space. Chickens. A horse. Whatever your version of country living looks like, this lot can handle it. At $249,900, you are getting a completely updated home, nearly 3 acres, a detached garage, and a detached carport at a price that is hard to find in Hamblen County right now.
Everything inside has already been done. New luxury vinyl flooring throughout, fresh paint on every wall, brand new kitchen cabinets and countertops with a full pantry, a bathroom redone top to bottom, new tilt vinyl windows, and a metal roof that is only 5 years old. Move in and start living.
There is also an additional 3/4 acre unrestricted lot available separately, already perked and approved for a 3 bedroom septic system. Build a second home, add an investment property, or give a family member a place to land right next door. That kind of opportunity does not come up often.
The property sits at the end of a dead end road so traffic is light and the setting feels private, but you are still just minutes from I81 and Highway 25E for an easy commute anywhere in East Tennessee.
So yes, laundry in the kitchen. But 2 acres, a move-in ready remodel, room for animals and a garden, a detached garage, a detached carport, and an additional buildable lot next door for the right buyer. Do the math.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Sold | ||
| Sold | |||
| Oct 4, 2026 | Price Decreased |
$249,900
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Oct 4, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Listed by ReMax Real Estate Ten | $259,900 | |
| Listed by ReMax Real Estate Ten | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017