153 Wade Lane, Oak Ridge, TN 37830

$250,000
Property Type: Multi-Family Square Footage: 2,042 Lot Size (sq. ft.): 20,473 Status: Pending - Continue to Show
Current Price: $250,000 List Date: 3/30/2026 Last Modified: 4/07/2026

Overview

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.

Listing Details MLS# 1332532

Location Tax Legal Info

House #
153
Street Name
Wade
St Suffix
Lane
State/Province
TN
Zip Code
37830
PIN #
099C B 04500 000

Contract Info

Auction Y/N
No
Listing Price
250000

General Property Description

SqFt - Total (Aprox)
2042
Lot Dimensions
67 x 147 x IRR
Lot Size SqFt
20473
Number of Units
2
Utilities/Mo Avg
250
Year Built
1943
Property Status
N/A
Driveway
Parking Lot
# Units Leased
0

Status Change Info

Status Change Date
2026-04-07
Under Contract Date
2026-03-30

Location, Tax & Legal Info

Area
Anderson County - 30
City/County Code
City Limits
Elementary School
Willow Brook
Middle School
Robertsville
Total Tax
2301.49
High School
Oak Ridge

Remarks & Misc

Directions
Pellissppi Parkway to Oak Ridge. Turn right onto Hillside Rd. Turn left onto Highland Ave. Turn right onto W Outer Dr. Turn right onto Wabash Ln. Turn left onto Wade Ln. Home is on the left. Sign on property.
Public Remarks
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.

More Information

Property Sub-Type

Duplex
Yes

Construction

Frame
Yes

Type of Units

2 Bedroom Unit
Yes
3 or more Bdrm Units
Yes

Siding

Vinyl
Yes

Sale Includes

Building and Land
Yes

Miscellaneous

Porch
Yes
Washer/Dryer Cnctns
Yes

Cooling

Ceiling Fan(s)
Yes
Central Cooling
Yes
Window Unit(s)
Yes

Floors

Hardwood
Yes
Luxury Vinyl Plank
Yes
Tile
Yes

Garage/Parking

Off-Street Parking
Yes
On Premise Parking
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Appliances

Range
Yes
Smoke Detector
Yes

Other Rooms

Family Room
Yes

Roof

Shingle
Yes

Exterior Features

Porch - Covered
Yes
Windows - Insulated
Yes

Misc Features

Internet Available
Yes
Washer/Dryer Connect
Yes

New Financing

Cash
Yes
Conventional
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Duplex Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Hardwood; Luxury Vinyl Plank; Tile Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling; Window Unit(s) Appliances: Range; Smoke Detector Construction: Frame Roof: Shingle Siding: Vinyl Exterior Features: Porch - Covered; Windows - Insulated Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Family Room Miscellaneous: Porch; Washer/Dryer Cnctns New Financing: Cash; Conventional Showing: See Agent Instructns
Listing Office: Keller Williams Realty
IDX
Office Phone: 865-694-5904
Last Updated: April - 07 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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