Two-Unit Duplex with Yard
For Sale
$280,000
Pending
100-102 Howard Lane, Oak Ridge, TN 37830
Two rented residential units include private laundry equipment and outdoor yard areas.
Property Size1,225 SF
Days on Market329
Property Features for 100-102 Howard Lane
General Information
Standard status
Pending
Size
1,225 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$950
Amenities
Central Cooling
Yes
Laminate, Hardwood, Carpet, Tile
True
Central, Electric
Dryer, Microwave, Range, Refrigerator, Washer
Vinyl, Brick, Frame
Building Details
Year Built
1943
Listing Agency:
Young Marketing Group, Realty Executives
(865) 281-1321
Listed By:
Carl Young · License #337453
Source:
Compass
Added: Oct 7, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Young Marketing Group, Realty Executives
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with two bedrooms and one bathroom. The units include individual washers and dryers, central cooling, and a mix of laminate, hardwood, carpet, and tile finishes. The property also provides yard space and measures 1,225 square feet overall.
Built in 1943, the building has vinyl, brick, and frame exterior materials. Both units are currently rented. The property is located on Howard Lane in Oak Ridge, Tennessee.
Built in 1943, the building has vinyl, brick, and frame exterior materials. Both units are currently rented. The property is located on Howard Lane in Oak Ridge, Tennessee.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,225 square feet of total property size
- Both units currently rented
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
Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two rented residential units include private laundry equipment and outdoor yard areas.
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; 1,225 square feet of total property size; Both units currently rented
