Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    All-Brick Duplex Near Lake Resort Title is generated by Realmo AI

    153 Travis Drive, Spring City, TN 37381

    View on Map
    Claim this Listing
    For Sale
    $378,000

    Two 3-bedroom units with in-unit laundry hookups and lake-resort amenities nearby for tenant convenience.

    Type:Multi-Family
    Property size:
    2,160 SF
    Price / SF:
    $175/SF
    Added:
    May 25, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 2 at 2:19 am

    Property Features for 153 Travis Drive

    General Information

    Standard status
    Active
    Size
    2,160 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Ralph L Morgan

    Listing agent Ralph L Morgan

    Listing office Pioneer Realty, Inc.

    Listing date May 25, 2026

    Source Compass

    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 Pioneer Realty, Inc.

    HighLights

    • All‑brick duplex built in 1969 with 2 identical units
    • Each unit is approximately 1,080 SF and offers 3 bedrooms and 1 bath
    • Kitchen appliances included in each unit: range and refrigerator
    • Each unit includes washer/dryer hookups for in‑unit laundry
    • Central heating and central cooling, with ceiling fans and carpet flooring
    • Located in the Lake Side Resort area near Watts Bar Lake with resort boat launch and covered boat slips for rental

    Overview

    This all-brick duplex offers two separate 3-bedroom, 1-bath units, each approximately 1,080 square feet. Both units include a refrigerator and range, along with newer laminate flooring and some carpet. Laundry hook-ups are provided, and the property features a large driveway to support convenient off-street parking.

    The duplex is located in the Newport Resort neighborhood, now called Lakeside Resort, with access to beautiful Watts Bar Lake. The resort includes a boat launch and covered boat slips available for rental, and the property is within a golf cart ride of these amenities.

    As a residential income property, the layout supports two well-defined households, which can be attractive to investors seeking a duplex configuration. For tenants, the combination of three-bedroom plans, provided major appliances, and on-site laundry hook-ups adds day-to-day practicality, while nearby resort boating opportunities can appeal to renters looking for a lake-oriented lifestyle. The asset is available for sale at 153 Travis Drive, Spring City, TN 37381.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring City
    County
    Rhea
    State
    Tennessee
    Longitude
    -84.747406
    Latitude
    35.78054

    Nearby Similar for Sale

    • $250,000
      1,188 SF

      Spring City Commercial Opportunity

      Commercial property with office space and a two-bay garage.
      21980 Rhea County Highway, Spring City, TN 37381
      View Details
    • $650,000
      3,000 SF

      Turnkey Physical Therapy Office Building

      3,000 SF physical therapy office ready for immediate operation.
      25902 Rhea County Highway, Spring City, TN 37381
      View Details
    • $378,000
      2,160 SF

      Duplex Near Watts Bar Lake

      All-brick duplex near Watts Bar Lake with resort access.
      153 Travis Drive, Spring City, TN 37381
      View Details
    • $175,000
      2,385 SF

      Spring City Commercial Opportunity

      Commercial establishment ready for immediate operation in Spring City.
      427 Mars Hill, Spring City, TN 37381
      View Details
    • $425,000
      4,520 SF

      Versatile Multi-Unit Property in Tennessee

      Three separate units on 1.5 acres near Spring City.
      197 Wedgewood Lane, Spring City, TN 37381
      View Details
    • $650,000
      3,000 SF

      Turnkey Physical Therapy Office Building

      3,000 SF physical therapy office building ready for immediate operation.
      25902 Rhea County Highway, Spring City, TN 37381
      View Details
    • $445,000
      4,520 SF

      Spring City Triplex Investment Opportunity

      Three separate units on 1.5 acres near Spring City.
      197 Wedgewood Lane, Spring City, TN 37381
      View Details
    • $114,900

      Spring City Land with Lakeview

      Gated subdivision with boat slips and stunning lake view.
      140 Quail Hollow Cove, Spring City, TN 37381
      View Details

    FAQs

    What type of property is this?
    Duplex - Two 3-bedroom units with in-unit laundry hookups and lake-resort amenities nearby for tenant convenience.
    Where is this duplex located?
    The property is located at 153 Travis Drive Spring City, TN.
    What is the asking price?
    The asking price for this property is $378,000.
    What are key features of this property?
    This property features: All‑brick duplex built in 1969 with 2 identical units; Each unit is approximately 1,080 SF and offers 3 bedrooms and 1 bath; Kitchen appliances included in each unit: range and refrigerator
    We can help!
    Listing Contact
    Ralph L Morgan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    153 Travis Drive, Spring City, TN 37381
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!