Two-Unit Residential Income
111 Vienna Rd Oak Ridge, TN 37830
For Sale
$465,000
MULTI_FAMILY - Oak Ridge, TN
Property Size2,704 SF
Lot Size0.54 Acres
Price / SF$171.97
Days on Market114
Property Features for 111 Vienna Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
On Street, Carport
Patio and Porch features
Porch
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
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
Central, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1943
Number of units
2
Flooring type
Laminate, Hardwood, Vinyl
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Wallace
(865) 584-4000
Listed By:
Mike Jarvis
(865) 719-2873
Added: Apr 7
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
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 offers two separate residential income units: a fully furnished 1-bedroom, 1-bath unit and a 5-bedroom, 3-full-bath side. The property has seen multiple updates over the past several years, including updated electrical and plumbing in 2022, new HVAC installed in 2024, and new windows added in 2026. The combined setup is designed to support tenants with different space and privacy needs under one ownership structure.
The property is located at 111 Vienna Rd in Oak Ridge, Tennessee, on a 0.54-acre lot in Anderson County. The listing is offered for sale at $465,000 and includes a stated note in the remarks that 100% financing is available.
From an operator’s standpoint, the two-unit mix can appeal to a range of tenant profiles, including those who may prefer a ready-to-occupy furnished option, as well as households seeking more bedrooms and additional bathrooms within the same building. With major mechanical and envelope improvements already completed, the asset may support buyers looking for a duplex with documented capital work and straightforward unit-by-unit tenancy.
The property is located at 111 Vienna Rd in Oak Ridge, Tennessee, on a 0.54-acre lot in Anderson County. The listing is offered for sale at $465,000 and includes a stated note in the remarks that 100% financing is available.
From an operator’s standpoint, the two-unit mix can appeal to a range of tenant profiles, including those who may prefer a ready-to-occupy furnished option, as well as households seeking more bedrooms and additional bathrooms within the same building. With major mechanical and envelope improvements already completed, the asset may support buyers looking for a duplex with documented capital work and straightforward unit-by-unit tenancy.
Key Highlights
- Furnished 1‑bedroom, 1‑bath unit plus a 5‑bedroom, 3 full‑bath side
- Updates include electrical and plumbing in 2022, new HVAC in 2024, and new windows in 2026
- Central natural gas heat with central air and ceiling fans
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $15.00 |
| − Vacancy | −$2.9k | −$1.07 |
| EGI | $37.7k | $13.93 |
| − OpEx | −$11.3k | −$4.18 |
| NOI | $26.4k | $9.75 |
2,704 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.7K
$329.6K – $439.5K
NOI $26,370 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$669.7K
$586.0K – $781.4K
NOI $46,881 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a furnished 1-bedroom unit and a larger 5-bedroom layout, supported by recent HVAC and window updates.
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 $465,000.
What are key features of this property?
This property features: Furnished 1‑bedroom, 1‑bath unit plus a 5‑bedroom, 3 full‑bath side; Updates include electrical and plumbing in 2022, new HVAC in 2024, and new windows in 2026; Central natural gas heat with central air and ceiling fans
