Duplex Investment
For Sale
$270,000
165 Latimer Road, Oak Ridge, TN 37830
Two-unit duplex at 165-167 Latimer Road in Oak Ridge offers functional layouts and established income potential.
Property Size1,368 SF
Price / SF$197.37
Days on Market137
Property Features for 165 Latimer Road
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,164
Amenities
Ceiling Fan(s), Window Unit(s)
Yes
True
Natural Gas, Other
Frame, Other
Building Details
Year Built
1943
Listing Agency:
Keller Williams Realty
Listed By:
Dewayne Whitt
(865) 599-8898
Source:
Compass
Added: Apr 25
Changed: Aug 8
Last Checked: Jul 28 at 2:37PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex property at 165-167 Latimer Road in Oak Ridge includes two separate units, each with functional, comfortable living spaces. The property is positioned as a residential income asset with income potential based on the multi-family configuration and long-term value considerations noted in the listing remarks. The total property size is listed as 1,368 square feet.
Located in Oak Ridge, the property is described as providing quick access to shopping, dining, schools, parks, and major employers.
For buyers seeking a multi-family setup, the existing duplex format allows for straightforward ownership as a rental property with flexibility for different ownership approaches highlighted in the remarks.
Located in Oak Ridge, the property is described as providing quick access to shopping, dining, schools, parks, and major employers.
For buyers seeking a multi-family setup, the existing duplex format allows for straightforward ownership as a rental property with flexibility for different ownership approaches highlighted in the remarks.
Key Highlights
- Two‑unit duplex at 165‑167 Latimer Road in Oak Ridge, built in 1943
- Each unit includes functional interior layout features, with a main‑level primary bedroom listed
- Heating includes natural gas (plus “other” heat listed)
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
$13,341
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
4.94%
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%
$266,820
$266.8K
Cap Rate 7%
$190,586
$190.6K
Cap Rate 9%
$148,233
$148.2K
Market Conditions
NOI Build-Up for 1,368 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
$20.5K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.1K $13.93/SF
− OpEx
−$5.7K −$4.18/SF
NOI
$13.3K $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%
$266,820
Cap Rate 7%
$190,586
Cap Rate 9%
$148,233
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.8K – $222.4K
NOI $13,341 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$175.4K
$153.5K – $204.6K
NOI $12,277 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$338.8K
$296.5K – $395.3K
NOI $23,718 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
177
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
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-unit duplex at 165-167 Latimer Road in Oak Ridge offers functional layouts and established income potential.
Where is this duplex located?
The property is located at 165 Latimer Road Oak Ridge, TN.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex at 165‑167 Latimer Road in Oak Ridge, built in 1943; Each unit includes functional interior layout features, with a main‑level primary bedroom listed; Heating includes natural gas (plus “other” heat listed)
