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153 Wade Lane, 
Oak Ridge, TN 37830

$247,500


Bed


Bath


2,042

Sq Ft


Multi-Family

Sold

Listed by

Chris Ball

Bought with Realty Executives Associates

Keller Williams Realty

865-694-5904

MLS#

3148432

Source:

NASHVILLE

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About This Home

153 Wade Lane

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.

Home Facts

Multi-Family

Built in 1943

Price Summary

250,000

$122 per Sq. Ft.

MLS #:

3148432

Sold:

April 24, 2026


Rooms & Interior

Interior

Living Area:

2,042 Sq. Ft.


Structure

Structure

Building Area:

2,042 Sq. Ft.

Year Built:

1943


Finances & Disclosures

Finances

Price:

$250,000

Price per Sq. Ft:

$122 per Sq. Ft.

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