153 Wade Lane, Oak Ridge, Tennessee 37830
TN, Oak Ridge-
Under Contract Status
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Day 11 Under Contract Contract accepted - open contingencies
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Residential Income Property Type
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2042 Total Sqft $122/sqft
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1943 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
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 Type: Residential Income
- Listing Type: For Sale
- MLS #: 3148432
- Price: $250,000
- Square Footage: 2,042 Sqft
- Year Built: 1943
- Office Name: Keller Williams Realty
- Agent Name: Chris Ball
- Property Attached: Yes
- Roof: Other
- Listing Status: Active Under Contract
- Street Number: 153
- Street: Wade Lane
- City Oak Ridge
- State TN
- Zipcode 37830
- County Anderson County, TN
- Longitude: W85° 44' 4.4''
- Latitude: N36° 1' 28.5''
- 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.
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Heating System Central, Electric
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Cooling System Central Air, Ceiling Fan(s), Wall/Window Unit(s)
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Utilities Electricity Available
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Flooring Wood, Tile
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Laundry Features Electric Dryer Hookup, Washer Hookup
- Elementary School: Willow Brook Elementary
- Middle School: Robertsville Middle School
- High School: Oak Ridge High School
- Building Size: 2,042 Sqft
- Construction Materials: Vinyl Siding, Frame
- Levels: Three Or More
- Lot Size Dimensions: 67 x 147 x IRR
- Number Of Units Total: 2
- On Market Date: March 30th, 2026
- Previous Price: $250,000
- Annual Tax Amount: $2,301
- Mls Status: Under Contract - Showing
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Apr 7th, 2026 @ 2:03pm
- Status Change Timestamp: Apr 7th, 2026 @ 2:01pm
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