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    605 S Lake Dr, Unit A Oneida, TN 37841

    New
    For Sale
    $650,000

    MULTI_FAMILY - Oneida, TN

    Property size:
    7,576 SF
    Lot size:
    3.67 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 605 S Lake Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 8, Bathroom 7, Bedroom 4, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    5
    APN
    061L B 008.00
    Parking features
    Off Street
    Exterior features
    Balcony
    Appliances
    Refrigerator
    Size
    7,576 SF
    Lot size
    3.67 Acres

    Utilities

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

    Building Details

    Year built
    1967
    Number of units
    7
    Flooring type
    Tile, Hardwood, Laminate
    Building materials
    Block, Frame
    Roof type
    Shingle

    Honors Real Estate Services (865) 238-0002 [email protected]

    Listing agent Jim Stoneburner (865) 296-2732

    Listing date Dec 5, 2025

    MLS# 1323587 Listing URL

    Copyright © 2025 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.

    Overview

    Multifamily Property Near Golf Course

    This multifamily property in Oneida, TN, is located near the golf course and airport. The property features four efficiency apartments, two one-bedroom apartments, and a three-bedroom, two-bath main house. Situated on 3.67 acres, the property offers ample space. The property is suitable for use as a large family facility or an income-producing home base. Investors may find this property appealing, as the main house could be converted into additional rental units. The property is suitable for overnight rentals. Gross income projections as long-term rental $65,000-$84,000 per year, as STR $75,000-$100,000. The property is 7576 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Pharmacy Garden Center Convenience Store Smoke and Vape Shop Arcade & Gaming Center Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneida
    County
    Scott
    State
    Tennessee
    Longitude
    -84.531889
    Latitude
    36.478129

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property with multiple units on a spacious lot.
    Where is this apartment building located?
    The property is located at 605 S Lake Dr, Unit A Oneida, TN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Income-producing potential with projected gross annual income of $65,000-$100,000.; - Large 3.6-acre property with lake access, providing ample space and recreational opportunities.; - Versatile property featuring four efficiency apartments, two one-bedroom apartments, and a three-bedroom main house.
    (865) 296-2732
    Request Owner's contact information
    605 S Lake Dr, Unit A Oneida, TN 37841
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    Realmo Value Estimation

    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.

    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.

    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
    605 S Lake Dr, Unit A Oneida, TN 37841
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