Up-and-Down
New
For Sale
$175,000
109 Niagara Ln, Oak Ridge, TN 37830
Two residential units offer options for rental use or owner occupancy with a separate unit.
Property Size1,651 SF
Price / SF$105
Days on Market3
Property Features for 109 Niagara Ln
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Handyman Special
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Buildings
1
Listed By:
Southern Charm Homes
(865) 518-4324
Source:
Southerncharm
Added: Sep 21
Last Checked: Sep 22 at 5:33PM
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 Southern Charm Homes
Investment Insights
Based on property information with market context.
Built in 1948, this 1,651-square-foot duplex is arranged with one residence above the other. The lower unit includes 2 bedrooms and 1 bathroom, while the upper unit provides 1 bedroom and 1 bathroom. The configuration supports an owner-occupant arrangement with a second unit or use as a two-unit rental property.
The property is located near Y-12, the marina, shopping, dining, and other Oak Ridge destinations. Access to Oak Ridge schools is also identified in the property information.
The property is located near Y-12, the marina, shopping, dining, and other Oak Ridge destinations. Access to Oak Ridge schools is also identified in the property information.
Key Highlights
- Up‑and‑down duplex configuration with 2 residential units
- 1,651 square feet of property size
- Lower unit includes 2 bedrooms and 1 bathroom
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
$16,101
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
9.20%
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%
$322,020
$322.0K
Cap Rate 7%
$230,014
$230.0K
Cap Rate 9%
$178,900
$178.9K
Market Conditions
NOI Build-Up for 1,651 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
$24.8K $15.00/SF
− Vacancy
−$1.8K −$1.07/SF
EGI
$23.0K $13.93/SF
− OpEx
−$6.9K −$4.18/SF
NOI
$16.1K $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%
$322,020
Cap Rate 7%
$230,014
Cap Rate 9%
$178,900
Alternative Uses
Best Use
Multifamily LT 5
$230.0K
$201.3K – $268.4K
NOI $16,101 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$211.7K
$185.2K – $247.0K
NOI $14,817 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$408.9K
$357.8K – $477.1K
NOI $28,624 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
566
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer options for rental use or owner occupancy with a separate unit.
Where is this duplex located?
The property is located at 109 Niagara Ln Oak Ridge, TN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Up‑and‑down duplex configuration with 2 residential units; 1,651 square feet of property size; Lower unit includes 2 bedrooms and 1 bathroom
