Duplex Investment
165 Latimer Road Oak Ridge, TN 37830
For Sale
$305,000
Two-unit duplex at 165-167 Latimer Road in Oak Ridge offers functional layouts and established income potential.
Property Size1,368 SF
Price / SF$222.95
Days on Market77
Property Features for 165 Latimer Road
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1943
Listing Agency:
Keller Williams Realty
(865) 258-2277
Listed By:
Colette Palmer
Source:
Compass
Added: May 9
Changed: Jul 23
Last Checked: Jul 23 at 5:15PM
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 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 | $20.5k | $15.00 |
| − Vacancy | −$1.5k | −$1.07 |
| EGI | $19.1k | $13.93 |
| − OpEx | −$5.7k | −$4.18 |
| NOI | $13.3k | $9.75 |
1,368 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.8K – $222.4K
NOI $13,341 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$175.4K
$153.5K – $204.6K
NOI $12,277 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$338.8K
$296.5K – $395.3K
NOI $23,718 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 $305,000.
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)
