Duplex with New LVP
For Sale
$305,000
558/560 W Outer Drive, Oak Ridge, TN 37830
Multi-Family, Oak Ridge, TN
Property Size1,425 SF
Price / SF$214.04
Days on Market324
Property Features for 558/560 W Outer Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 3
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Elementary school
Willow Brook
Middle school
Robertsville
High school
Oak Ridge
Directions
Take I-40/I-75 S, TN-162 N and TN-62 W to W Outer Dr in Oak Ridge; Turn left onto Kingston Pike; Turn right onto Bridgewater Rd; Turn left onto the I-40 W/I-75 S ramp; Merge onto I-40/I-75 S; Use the 2nd from the right lane to take exit 376 for TN-162 N toward Oak Ridge; Use the left lane to merge onto Pellissippi Pkwy; Continue onto TN-162 N/Pellissippi Pkwy; Merge onto TN-62; Pass by Waffle House (on the left in 5.4 mi); Turn right onto W Outer Dr; Destination will be on the left.
Subdivision
Anderson County - 30
Standard status
Active
APN
099G A 001.00
Size
1,425 SF
Taxes and HOA fees
Tax Annual Amount
2173
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
shared yard space
washer/dryer hookups
Building Details
Year built
1943
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding, Frame, Brick
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 21, 2025
Changed: Sep 8
Last Checked: Sep 9 at 1:06AM
MLS# 1319382
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.
This 1,425-square-foot duplex at 558/560 W Outer Drive comprises two separate units: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Both units have new LVP flooring, functional layouts, natural light, and washer/dryer hookups. Central heating and cooling support year-round comfort, while the property also includes a range, refrigerator, microwave, washer, and dryer. Exterior features include vinyl siding, brick, a shingle roof, porches, and off-street parking.
Located in Oak Ridge, Tennessee, the property is near local amenities, schools, and shopping. A shared yard provides outdoor space for residents, and the two-unit configuration offers flexibility for an investor or an owner-occupant.
Located in Oak Ridge, Tennessee, the property is near local amenities, schools, and shopping. A shared yard provides outdoor space for residents, and the two-unit configuration offers flexibility for an investor or an owner-occupant.
Key Highlights
- 1,425 SF duplex with two separate residential units
- Unit mix includes one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit
- New LVP flooring installed in both units
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
$13,897
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
4.56%
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%
$277,940
$277.9K
Cap Rate 7%
$198,529
$198.5K
Cap Rate 9%
$154,411
$154.4K
Market Conditions
NOI Build-Up for 1,425 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
$21.4K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.9K $13.93/SF
− OpEx
−$6.0K −$4.18/SF
NOI
$13.9K $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%
$277,940
Cap Rate 7%
$198,529
Cap Rate 9%
$154,411
Alternative Uses
Best Use
Multifamily LT 5
$198.5K
$173.7K – $231.6K
NOI $13,897 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$182.7K
$159.9K – $213.1K
NOI $12,788 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include washer/dryer hookups and shared outdoor space.
Where is this duplex located?
The property is located at 558/560 W Outer Drive Oak Ridge, TN.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,425 SF duplex with two separate residential units; Unit mix includes one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit; New LVP flooring installed in both units
