153 Wade Lane, Oak Ridge, TN 37830
- $247,500
- 2,042
- SqFt
- Sold Price
- $247,500
- List Price
- $250,000
- Closing Date
- Apr 24, 2026
- MLS#
- 1332532
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Oak Ridge
- County
- Anderson
- Living Area
- 2,042
- Lot Size
- 20,473
- Year Built
- 1943
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.
Additional Information
- Acres
- 0.47
- Appliances
- Range
- Construction
- Frame, Vinyl Siding
- Cooling
- Ceiling Fan(s), Central Air, Window Unit(s)
- Floors
- Hardwood, Tile, Luxury Vinyl Plank
- Garage
- On Premise Parking, Off Street
- Living Area
- 2,042
- Lot Dimensions
- 67 x 147 x IRR
- Year Built
- 1943
- Heating
- Central, Electric
- Num Of Units
- 2
Automated home estimates are a starting point, not a final answer. National websites do not know if your roof is five years old or twenty-five. They do not understand the value of a good piece of land in East Tennessee. At Real Estate Concepts, we combine instant data with actual local expertise to give you a valuation you can trust.
How It Works
Step 1: Tell us your address. Fill in the form — name, phone, email, and your property address.
Step 2: A local expert personally checks it. The number you see right away is your first-look value from a computer. Then one of our local East Tennessee experts personally checks it against real sold homes near you — the comps an algorithm can't weigh, like condition, updates, and your street. That personal check is the CMA.
Step 3: We talk through the real number. We'll walk you through what your home would actually sell for and what we'd do to get it — no obligation, and if the timing's wrong, we'll say so.
Frequently Asked Questions
Q: How is this different from a standard online estimate?
A: Speed and accuracy. You get immediate data from our system, backed up by a manual review from a local expert who knows the area roads and market trends.
Q: Is there a fee for this service?
A: No. We provide free valuations as a service to our East Tennessee community. There is no obligation to list with us.
Q: What areas do you cover?
A: Our agents live and work across East Tennessee, covering Morgan, Roane, Anderson, Scott, Claiborne, and Grainger counties and beyond.
Q: Do you have to visit my property in person?
A: Not for the initial valuation. We can run the numbers based on public records and recent local sales. In-person visits are available if you want a highly precise listing price.
Real Estate Concepts | Office: (423) 346-5800 — Or reach David Millard directly: Call or text (865) 951-9578
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Listing courtesy of Keller Williams Realty. Selling Office: .
Agent: Chris Ball |
Office: Keller Williams Realty |