Furnished Duplex with Updated
For Sale
$450,000
111 Vienna Rd, Oak Ridge, TN 37830
Multi-Family, Oak Ridge, TN
Property Size2,704 SF
Lot Size0.54 Acres
Price / SF$166.42
Days on Market159
Property Features for 111 Vienna Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 3
Parking features
Carport, On Street
Patio and Porch features
Porch
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Subdivision
City Of Oak Ridge
Elementary school
Willow Brook
Middle school
Robertsville
High school
Oak Ridge
Directions
Keep right at Pellissippi Pkwy/TN-162 2.3 mi, Keep left at Oak Ridge Hwy/TN-62 toward Oak Ridge about 0.3 mi, Follow Oak Ridge Hwy/TN-62 5.4 mi, Turn right onto S Tulane Ave 0.5 mi,Turn right onto Oak Ridge TN-95 about 0.1 mi, Turn left onto Viking Rd about 0.1 mi, Turn right onto Vienna Rd
Standard status
Active
APN
099E G 04100 000
Size
2,704 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Annual Amount
2770
Utilities
Heating system
Natural Gas, Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1943
Number of units
2
Flooring type
Hardwood, Vinyl, Laminate
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Wallace
(865) 584-4000
Listed By:
Mike Jarvis
(865) 719-2873
Added: Apr 7
Changed: Sep 8
Last Checked: Sep 12 at 11:06AM
MLS# 1335773
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 contains two distinct residential sides within a 2,704-square-foot frame structure. One side is furnished as a one-bedroom, one-bath residence, while the other offers five bedrooms and three full baths. Interior features include vinyl, laminate, and hardwood flooring, along with a kitchen equipped with a range, refrigerator, dishwasher, microwave, self-cleaning oven, washer, and dryer. Central air, natural gas heat, ceiling fans, porches, and carport and on-street parking are also included.
Located at 111 Vienna Rd in Oak Ridge, the property occupies 0.54 acres. Electrical and plumbing improvements were completed in 2022, the HVAC system was replaced in 2024, and new windows are identified for 2026. The asphalt-roofed residence was built in 1943.
Located at 111 Vienna Rd in Oak Ridge, the property occupies 0.54 acres. Electrical and plumbing improvements were completed in 2022, the HVAC system was replaced in 2024, and new windows are identified for 2026. The asphalt-roofed residence was built in 1943.
Key Highlights
- Duplex with one furnished 1‑bedroom, 1‑bath side and one 5‑bedroom, 3‑full‑bath side
- 2,704 square feet on 0.54 acres
- Updated electrical and plumbing completed in 2022
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
$26,370
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
5.86%
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%
$527,400
$527.4K
Cap Rate 7%
$376,714
$376.7K
Cap Rate 9%
$293,000
$293.0K
Market Conditions
NOI Build-Up for 2,704 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
$40.6K $15.00/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$37.7K $13.93/SF
− OpEx
−$11.3K −$4.18/SF
NOI
$26.4K $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%
$527,400
Cap Rate 7%
$376,714
Cap Rate 9%
$293,000
Alternative Uses
Best Use
Multifamily LT 5
$376.7K
$329.6K – $439.5K
NOI $26,370 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$669.7K
$586.0K – $781.4K
NOI $46,881 @ 7.0% cap · market cap 10.42%
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
997
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 residential sides combine furnished accommodations with a larger five-bedroom living layout.
Where is this duplex located?
The property is located at 111 Vienna Rd Oak Ridge, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with one furnished 1‑bedroom, 1‑bath side and one 5‑bedroom, 3‑full‑bath side; 2,704 square feet on 0.54 acres; Updated electrical and plumbing completed in 2022
