Renovated 2-Unit
New
For Sale
$330,000
101-103 Walsh Ln, Oak Ridge, TN 37830
Both residences offer two bedrooms and one bath, with interior updates and refreshed exterior components.
Property Size1,425 SF
Price / SF$231.58
Days on Market4
Property Features for 101-103 Walsh Ln
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Multi-Family
Financials
Gross Income
$28,800
Average Monthly Rent
$1,200
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1943
Year Renovated
2025
Buildings
1
Listed By:
TNLiving.homes
(865) 250-4094
Source:
Tnliving
Added: Oct 28
Last Checked: Oct 30 at 2:33PM
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 TNLiving.homes
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Investment Insights
Based on property information with market context.
Built in 1943, this 1,425-square-foot duplex contains two units, each arranged with two bedrooms and one bathroom. Interior work includes new flooring, plumbing fixtures, and kitchen cabinets. Unit 101 was renovated in January 2023 and has a new HVAC system; Unit 103’s interior remodel was completed in August 2025 and includes newly installed appliances.
Exterior improvements include a roof installed in October 2022, siding completed in January 2023, and energy-efficient windows installed in October 2026.
Exterior improvements include a roof installed in October 2022, siding completed in January 2023, and energy-efficient windows installed in October 2026.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,425‑square‑foot duplex built in 1943
- Unit 101 renovation completed in January 2023; includes a new HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,897
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
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
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 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 4.21%
Second Best
Apartment 5plus
$182.7K
$159.9K – $213.1K
NOI $12,788 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bath, with interior updates and refreshed exterior components.
Where is this duplex located?
The property is located at 101-103 Walsh Ln Oak Ridge, TN.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,425‑square‑foot duplex built in 1943; Unit 101 renovation completed in January 2023; includes a new HVAC system
