153 Wade Lane, Oak Ridge, TN 37830

New
$250,000
Property Type: Multi-Family Square Footage: 2,042 Lot Size (sq. ft.): 20,473 Status: Coming Soon - No Showings
Current Price: $250,000 List Date: 3/13/2026 Last Modified: 3/13/2026

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.

More Information MLS# 1332532

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

Contract Info

Auction Y/N: No Listing Price: 250000 Current Price: $250,000 Status: Coming Soon - No Showings Listing Date: 2026-03-13

General Property Description

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

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.

Property Sub-Type

Duplex: 1

Construction

Frame: 1

Type of Units

2 Bedroom Unit: 1 3 or more Bdrm Units: 1

Siding

Vinyl: 1

Sale Includes

Building and Land: 1

Miscellaneous

Porch: 1 Washer/Dryer Cnctns: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1 Window Unit(s): 1

Floors

Hardwood: 1 Luxury Vinyl Plank: 1 Tile: 1

Garage/Parking

Off-Street Parking: 1 On Premise Parking: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Range: 1 Smoke Detector: 1

Other Rooms

Family Room: 1

Roof

Shingle: 1

Exterior Features

Porch - Covered: 1 Windows - Insulated: 1

Misc Features

Internet Available: 1 Washer/Dryer Connect: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 153 Street Name: Wade St Suffix: Lane State/Province: TN Zip Code: 37830 PIN #: 099C B 04500 000 Geo Lat: 36.025086 Geo Lon: -84.264622

Status Change Info

Status Change Date: 2026-03-13

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: March - 13 - 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.