6-Unit Apartment
New
For Sale
$950,000
197 - 207 Gum Hollow Rd 197 - 207, Oak Ridge, TN 37830
Occupied multifamily property with renovation scope and short-term leases across most units.
Property SizeContact for details
Days on Market3
Property Features for 197 - 207 Gum Hollow Rd 197 - 207
General Information
Standard status
Active
Property subtype
Multi-family
Listing Agency:
NAI Koella l RM Moore
(865) 531-6400
Listed By:
Heidi Adams · License #00320097
(865) 862-6412
Source:
Tennesseevalleyrealty
Added: Sep 1
Last Checked: Sep 1 at 9:41PM
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 NAI Koella l RM Moore
Investment Insights
Based on property information with market context.
This six-unit apartment property includes five occupied units on short-term leases, while one unit has been fully renovated and is currently leased. The property offers a combination of existing occupancy and unit improvement needs, with opportunities to update units as they become available.
The asset is situated in an established Oak Ridge area near Oak Ridge Country Club. Unit configuration includes at least one renovated two-bedroom, one-and-a-half-bath apartment. The property is offered for sale as an apartment building with current rental operations and additional renovation scope.
The asset is situated in an established Oak Ridge area near Oak Ridge Country Club. Unit configuration includes at least one renovated two-bedroom, one-and-a-half-bath apartment. The property is offered for sale as an apartment building with current rental operations and additional renovation scope.
Key Highlights
- Six‑unit apartment property in Oak Ridge
- Five units occupied on short‑term leases
- One two‑bedroom, 1.5‑bath unit fully renovated
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with renovation scope and short-term leases across most units.
Where is this apartment building located?
The property is located at 197 - 207 Gum Hollow Rd 197 - 207 Oak Ridge, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Six‑unit apartment property in Oak Ridge; Five units occupied on short‑term leases; One two‑bedroom, 1.5‑bath unit fully renovated
