Oak Ridge Duplex Investment
558/560 W Outer Drive Oak Ridge, TN 37830
For Sale
$305,000
MULTI_FAMILY - Oak Ridge, TN
Property Size1,425 SF
Price / SF$214.04
Days on Market278
Property Features for 558/560 W Outer Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Appliances
- Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 099G A 001.00
- Size
- 1,425 SF
Taxes and HOA fees
- Tax Annual Amount
- 2173
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood
- Building materials
- Vinyl Siding, Frame, Brick
- Roof type
- Shingle
Listing Agency:
Young Marketing Group, Realty Executives
(865) 281-1321
Listed By:
Carl Young · License #337453
(865) 281-1321
Added: Oct 21, 2025
Changed: Jul 11
Last Checked: Jul 25 at 2:06PM
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 duplex in Oak Ridge presents an investment opportunity. It features one 2-bedroom, 1-bath unit and one 3-bedroom, 1-bath unit. Each unit includes new LVP flooring and washer/dryer hookups. The property generates a monthly income of $2,500. The units offer functional layouts with natural light. A shared yard space is available for outdoor activities. The property is located near local amenities, schools, and shopping. The property size is 1,425 square feet.
Key Highlights
- Duplex with unit mix: one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit
- Washer and dryer hookups in both units; includes refrigerator, range, microwave, washer, and dryer
- New LVP flooring reported for the units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $15.00 |
| − Vacancy | −$1.5k | −$1.07 |
| EGI | $19.9k | $13.93 |
| − OpEx | −$6.0k | −$4.18 |
| NOI | $13.9k | $9.75 |
1,425 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Oak Ridge with strong income potential.
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: Duplex with unit mix: one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit; Washer and dryer hookups in both units; includes refrigerator, range, microwave, washer, and dryer; New LVP flooring reported for the units
