153 Wade Lane, Oak Ridge, TN 37830
153 Wade Lane, Oak Ridge, TN 37830
153 Wade Lane, Oak Ridge, TN 37830
27
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Listed by Chris Ball • Keller Williams Realty
Bought with Wala Habiby
$247,500
$250,000 1.0%
Est. payment /mo
2,042 SqFt
Sold on 04/24/2026

153 Wade Lane Oak Ridge, TN 37830

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MK Hughes
MK Hughes

Agent | License ID: 341737

+1(615) 788-1932

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Key Details

Sold Price $247,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,042 sqft

Price per Sqft $121

MLS Listing ID 3148432

Sold Date 04/24/26

Year Built 1943

Annual Tax Amount $2,301

Lot Dimensions 67 x 147 x IRR

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.

Location

State TN

County Anderson County

Interior

Heating Central, Electric

Cooling Wall/Window Unit(s), Central Air, Ceiling Fan(s)

Flooring Wood, Tile

Fireplace N

Exterior

Utilities Available Electricity Available

View Y/N false

Roof Type Other

Private Pool false

Building

Structure Type Frame,Vinyl Siding

New Construction false

Schools

Elementary Schools Willow Brook Elementary

Middle Schools Robertsville Middle School

High Schools Oak Ridge High School

Others

Senior Community false

Special Listing Condition Standard

RealTracs IDX
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To say MK went above and beyond is a understatement. We drove over 300 miles in the only 2 days we had to look for homes. When a seller failed to disclose extremely important information until 2days prior to closing she fought for me. To say that she was relentless in searching, again is a understatement. Words cannot express how grateful I am to her and the team that backs her behind the scenes. There isn’t a high enough star rating to give MK and her team, we were beyond blessed to have her work/fight for us.

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MK Hughes

MK Hughes

Agent | License ID: 341737

+1(615) 788-1932

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Phone*
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153 Wade Lane