Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    147/149 Oak St Athens, TN 37303

    View on Map
    Sponsored
    For Sale
    $349,000

    MULTI_FAMILY - Athens, TN

    Property size:
    2,048 SF
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 9:06 pm

    Property Features for 147/149 Oak St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
    Bedrooms
    4
    APN
    056F E 001.00
    Appliances
    Dishwasher, Refrigerator, Self Cleaning Oven
    Size
    2,048 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Number of units
    2
    Building materials
    Vinyl Siding, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Joni Powell

    Silver Key Realty (423) 453-8473

    Listing agent Joni Powell (423) 746-0227

    Listing date Mar 6, 2026

    MLS# 1331685 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Duplex in Athens, TN

    This well-maintained duplex presents an excellent investment opportunity for passive income. Both units are currently occupied under existing rental agreements. Each unit offers 2 bedrooms and 2 bathrooms, providing comfortable and spacious living. The property is located in a desirable area with easy access to essential amenities and transportation options. The property size is 2048 square feet and is located in Athens, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.602741
    Latitude
    35.451699

    Nearby Similar for Sale

    • New
      $274,500
      1,896 SF

      Remodeled Commercial Space in Athens

      Move-in ready commercial building near TWU campus in downtown Athens.
      314 N White St, Athens, TN 37303
      View Details
    • $394,000
      3,067 SF

      Historic Mixed-Use Building in Athens

      Spacious 1930s building in downtown Athens, Tennessee.
      203 W Washington Ave, Athens, TN 37303
      View Details
    • $167,000
      1,760 SF

      Versatile Commercial Building in Athens

      1,760 SF commercial building suitable for diverse uses.
      1027 Moore St, Athens, TN 37303
      View Details
    • $159,500
      1,500 SF

      Athens Commercial Building For Sale

      1500 SF multi-use building with road frontage and utilities.
      2405 Clearwater Rd, Athens, TN 37303
      View Details
    • $499,000
      7,308 SF

      Multi-Unit Building in Athens, TN

      All brick multi-unit building with income opportunities in Athens.
      206-216 E Madison Ave, Athens, TN 37303
      View Details
    • New
      $314,900
      2,049 SF

      Remodeled Duplex in Prime Location

      Completely remodeled duplex near shopping, medical offices, and schools.
      104 Pine St, Athens, TN 37303
      View Details
    • $174,999
      2,794 SF

      Commercial Building in Athens, TN

      Commercial building for sale in Athens, Tennessee. Renovations needed.
      15 Congress Pkwy, Athens, TN 37303
      View Details
    • $1,800,000
      15,000 SF

      New Self-Storage Facility in Athens

      Modern self-storage facility with climate-controlled units and RV/boat slips.
      2620 Highway 39, Athens, TN 37303
      View Details
    • $222,000
      5,311 SF

      Downtown Athens Commercial Building

      Versatile commercial building with retail, office, and residential potential.
      316 N White St, Athens, TN 37303
      View Details
    • $715,000
      9,600 SF

      Athens Retail Property For Sale

      Retail property with multiple units in a high-traffic area.
      702 S White St, Athens, TN 37303
      View Details
    • New
      $349,000
      2,048 SF

      Well-Maintained Duplex in Athens, TN

      Duplex with two units, each featuring 2 bedrooms and 1.5 baths.
      153/155 Oak St, Athens, TN 37303
      View Details
    • New
      $349,000
      2,048 SF

      Well-Maintained Duplex in Athens, TN

      Duplex with two units, each featuring 2 bedrooms and 2 bathrooms.
      141/143 Oak St, Athens, TN 37303
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two units, each featuring 2 bedrooms and 2 bathrooms.
    Where is this duplex located?
    The property is located at 147/149 Oak St Athens, TN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity with existing rental agreements in place.; - Each unit features **2 bedrooms and 2 bathrooms.**; - Located in a desirable area with easy access to amenities and transportation.
    (423) 453-8473
    Request Owner's contact information
    147/149 Oak St Athens, TN 37303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    147/149 Oak St
    Athens, TN 37303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    147/149 Oak St Athens, TN 37303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joni Powell
    Real Estate License ID: 326514
    (423) 453-8473 (423) 405-5157 (423) 453-5722
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!