6-Unit Apartment
197 - 207 Gum Hollow Rd #197 - 207, Oak Ridge, TN 37830
For Sale
$899,000
A six-unit property combines mostly occupied apartments with one completed renovation and short-term leases on the remaining occupied units.
Property SizeContact for details
Days on Market165
Property Features for 197 - 207 Gum Hollow Rd #197 - 207
General Information
Standard status
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Listing Agency:
NAI Koella l RM Moore
(865) 531-6400
Listed By:
Heidi Adams · License TN #00320097
(321) 439-3175
Source:
Creekcountryrealestate
Added: Jun 1
Changed: Nov 11
Last Checked: Nov 12 at 3:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1979 apartment property contains six units. Five are occupied under short-term leases, and one two-bedroom, one-and-a-half-bath unit has been renovated and is leased. The other occupied apartments offer an opportunity to update interiors as leases end.
The property is in an established part of Oak Ridge, near Oak Ridge Country Club. Unit mix includes one- and two-bedroom apartments, with stated market rent levels of $1,300 for one-bedroom units and $1,600 for two-bedroom units.
The property is in an established part of Oak Ridge, near Oak Ridge Country Club. Unit mix includes one- and two-bedroom apartments, with stated market rent levels of $1,300 for one-bedroom units and $1,600 for two-bedroom units.
Key Highlights
- Six apartment units; five are occupied on short‑term leases
- One renovated unit has 2 bedrooms and 1.5 bathrooms
- Built in 1979
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3
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
Frequently Asked Questions
What type of property is this?
Apartment building - A six-unit property combines mostly occupied apartments with one completed renovation and short-term leases on the remaining occupied 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 $899,000.
What are key features of this property?
This property features: Six apartment units; five are occupied on short‑term leases; One renovated unit has 2 bedrooms and 1.5 bathrooms; Built in 1979
