Two-Unit
For Sale
$225,000
Pending
162 W Wadsworth Circle, Oak Ridge, TN 37830
Each residence has two bedrooms and one bathroom; one is leased through June 30, 2027.
Property Size1,225 SF
Days on Market9
Property Features for 162 W Wadsworth Circle
General Information
Standard status
Pending
Size
1,225 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1943
Listed By:
Southern Charm Homes
(865) 518-4324
Source:
Southerncharm
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 14 at 10:49PM
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.
This Oak Ridge duplex contains two similar residences, each with two bedrooms and one bathroom. The exterior has vinyl siding and vinyl windows, while the interiors feature LVP flooring. Porches were completed in 2024, and three trees were removed for safety. The roof is at least five years old.
Unit 164 includes a refrigerator and microwave, but no stove, and has a newer water heater. Unit 162 has a water heater dating to 2003 and is leased through June 30, 2027. The washer and dryer are not included in the sale.
Unit 164 includes a refrigerator and microwave, but no stove, and has a newer water heater. Unit 162 has a water heater dating to 2003 and is leased through June 30, 2027. The washer and dryer are not included in the sale.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Unit 162 leased through 6/30/27
- Porches completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,947
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,940
$238.9K
Cap Rate 7%
$170,671
$170.7K
Cap Rate 9%
$132,744
$132.7K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$18.4K $15.00/SF
− Vacancy
−$1.3K −$1.07/SF
EGI
$17.1K $13.93/SF
− OpEx
−$5.1K −$4.18/SF
NOI
$11.9K $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%
$238,940
Cap Rate 7%
$170,671
Cap Rate 9%
$132,744
Alternative Uses
Best Use
Multifamily LT 5
$170.7K
$149.3K – $199.1K
NOI $11,947 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$157.1K
$137.4K – $183.2K
NOI $10,994 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$303.4K
$265.5K – $354.0K
NOI $21,239 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
211
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 - Each residence has two bedrooms and one bathroom; one is leased through June 30, 2027.
Where is this duplex located?
The property is located at 162 W Wadsworth Circle Oak Ridge, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Unit 162 leased through 6/30/27; Porches completed in 2024
