Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Bisceglia Realty and Auction Co.
Property view
Listing view 2
Listing view 3

197 Wedgewood Lane, 
Spring City, TN 37381

$475,000


Bed


Bath


4,520

Sq Ft


Multi-Family

Active

Listed by

Jennifer Scates

Wallace Jennifer Scates Group

Last updated:

July 20, 2025, 02:32 PM

MLS#

1307644

Source:

TN KAAR

About This Home

197 Wedgewood Lane

Unique Investment Opportunity in the Heart of Spring City! Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities. Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard. Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income. Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel. Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind! Don't miss your chance to make this unique property yours. Call today to schedule your showing!

Home Facts

Multi-Family

Built in 1982

Price Summary

475,000

$105 per Sq. Ft.

MLS #:

1307644

Last Updated:

July 20, 2025, 02:32 PM

Added:

12 day(s) ago


Rooms & Interior

Interior

Living Area:

4,520 Sq. Ft.


Structure

Structure

Building Area:

4,520 Sq. Ft.

Year Built:

1982


Finances & Disclosures

Finances

Price:

$475,000

Price per Sq. Ft:

$105 per Sq. Ft.

Source:TN KAAR
The information being provided by Knoxville Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Knoxville Area Association of REALTORS All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.