BEDS0
BATHS
SQUARE FEET2,042
MLS#3148432
STATUSUnder Contract - Showing
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investor opportunity in the heart of Oak Ridge. This duplex at 153 Wade Lane offers strong rental potential with two separate units and individual utility meters, making it an ideal addition to a long term rental portfolio. The property features a 3 bedroom 1 bath unit that previously rented for $1,275 per month and a 2 bedroom 1 bath unit that rented for $975 per month. With both units currently vacant, the next owner has the rare opportunity to place tenants at current market rents or house hack by living in one unit while renting the other. Recent improvements include a fully renovated kitchen in one of the units along with new water heaters, helping reduce immediate maintenance concerns and improving tenant appeal. Situated on a generous 0.47 acre lot, the property provides additional space and privacy that is uncommon for many duplexes. Located at the end of the community, the setting offers a quiet and private feel while still being just minutes from Oak Ridge shopping, restaurants, and convenient interstate access for commuting to Knoxville or surrounding employment centers. Separate electric and water meters allow for efficient property management and reduced owner utility expenses, a key advantage for investors focused on maximizing net operating income. Whether you are a seasoned investor looking to add another income producing property or a first time buyer seeking an entry point into real estate investing, this duplex offers strong fundamentals in a stable rental market. Priced at $250,000, this is an opportunity to secure a well located duplex with existing rental history and upside potential in one of East Tennessee's most consistent rental markets. Schedule your showing today and explore the potential this Oak Ridge investment property has to offer.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s), Central Air, Ceiling Fan(s)
Heating: Central, Electric
Lot Size: 67 x 147 x IRR
Roof Type: Other
Taxes: $2,301
Year Built: 1943
Feature Descriptions
Days on Site: 27
Exterior: Frame, Vinyl Siding
Flooring: Wood, Tile
Laundry: Washer Hookup, Electric Dryer Hookup
Lot Dimensions: 67 x 147 x IRR
Parcel#: 099C B 04500 000
Security: Smoke Detector(s)
Units: 2
Utilities: Electricity Available
Local Schools
High School: Oak Ridge High School
Middle School: Robertsville Middle School
Elementary School: Willow Brook Elementary
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Phone: 8656945904
Shown By
Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 191.75 per month $0.00 Principal & Interest $191.75 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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153 Wade Lane | MLS# 3148432
This multi-family property located at 153 Wade Lane, Oak Ridge, TN 37830 is currently listed for sale with an asking price of call for price. Search Oak Ridge real estate on www.barbarabellrealtor.com today.