153 Wade Lane, Oak Ridge, TN 37830
Local realty services provided by:ERA Chappell & Associates Realty & Rental
153 Wade Lane,Oak Ridge, TN 37830
$250,000
- - Beds
- - Baths
- 2,042 sq. ft.
- Multi-family
- Active
Listed by: chris ball
Office: keller williams realty
MLS#:3148432
Source:NASHVILLE
Price summary
- Price:$250,000
- Price per sq. ft.:$122.43
About this home
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....
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Home facts
- Year built:1943
- Listing ID #:3148432
- Added:18 day(s) ago
- Updated:April 01, 2026 at 02:33 PM
Rooms and interior
- Flooring:Tile
- Living area:2,042 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air, Wall/Window Unit(s)
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1943
- Building area:2,042 sq. ft.
- Construction Materials:Frame, Vinyl Siding
- Levels:3 Story
Schools
- High school:Oak Ridge High School
- Middle school:Robertsville Middle School
- Elementary school:Willow Brook Elementary
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$122.43
- Tax amount:$2,301
Features and amenities
- Amenities:Smoke Detector(s)
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