Occupied Two-Unit
For Sale
$280,000
Pending
100/102 Howard Lane, Oak Ridge, TN 37830
Multi-Family, Oak Ridge, TN
Property Size1,225 SF
Days on Market338
Property Features for 100/102 Howard Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Elementary school
Willow Brook
Middle school
Robertsville
High school
Oak Ridge
Directions
From TN-62 W, Pass by Waffle House (on the left in 5.4 mi); Follow Orau Way, Robertsville Rd and Highland Ave to Howard Ln; Turn right onto Orau Way; Continue onto Robertsville Rd; Turn right onto Highland Ave; Turn right onto Howard Ln; Destination will be on the right.
Subdivision
Anderson County - 30
Standard status
Pending
APN
099F B 018.00
Size
1,225 SF
Taxes and HOA fees
Tax Annual Amount
950
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
individual laundry hookups
Building Details
Year built
1943
Number of units
2
Flooring type
Tile, Hardwood, Laminate, Carpet
Building materials
Vinyl Siding, Brick, Frame
Roof type
Shingle
Listing Agency:
Young Marketing Group, Realty Executives · Realty Executives International
(865) 281-1321
Listed By:
Carl Young · License #337453
(865) 340-7209
Added: Oct 7, 2025
Changed: Sep 8
Last Checked: Sep 9 at 1:06AM
MLS# 1317802
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1943, this 1,225-square-foot duplex contains two 2-bedroom, 1-bathroom residences. The property is fully occupied and includes individual laundry hookups for each unit, along with a porch and outdoor area. Interior finishes include carpet, hardwood, tile, and laminate flooring, while central electric heating and central air support year-round comfort. Appliances include washers, dryers, ranges, refrigerators, and microwaves.
The building has vinyl siding, brick, and frame construction with a shingle roof. On-street parking is provided, and the address is in Oak Ridge, Tennessee. The combination of two separate residences, established occupancy, and individual laundry infrastructure gives the property a straightforward duplex configuration.
The building has vinyl siding, brick, and frame construction with a shingle roof. On-street parking is provided, and the address is in Oak Ridge, Tennessee. The combination of two separate residences, established occupancy, and individual laundry infrastructure gives the property a straightforward duplex configuration.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in one duplex
- 1,225 square feet of total property size
- Built in 1943
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,940
$238.9K
Cap Rate 7%
$170,671
$170.7K
Cap Rate 9%
$132,744
$132.7K
Market Conditions
NOI Build-Up for 1,225 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.4K $15.00/SF
− Vacancy
−$1.3K −$1.07/SF
EGI
$17.1K $13.93/SF
− OpEx
−$5.1K −$4.18/SF
NOI
$11.9K $9.75/SF
Area
Anderson County, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,940
Cap Rate 7%
$170,671
Cap Rate 9%
$132,744
Alternative Uses
Best Use
Multifamily LT 5
$170.7K
$149.3K – $199.1K
NOI $11,947 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$157.1K
$137.4K – $183.2K
NOI $10,994 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$303.4K
$265.5K – $354.0K
NOI $21,239 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 37830, TN
31,839
Population
15,110
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
84.8 sq mi
ZIP Area
375
Density / Sq Mi
$70,795
Median Household Income
$41,293
Median Earnings
$1,076
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate laundry hookups, central HVAC, and tenant outdoor space on a city lot.
Where is this duplex located?
The property is located at 100/102 Howard Lane Oak Ridge, TN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in one duplex; 1,225 square feet of total property size; Built in 1943
