Triplex on Private
For Sale
$425,000
197 Wedgewood Lane, Spring City, TN 37381
Multi-Family, Spring City, TN
Property Size4,520 SF
Lot Size1.50 Acres
Price / SF$94.03
Days on Market443
Property Features for 197 Wedgewood Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Dining Room, Bathroom 3, Bedroom 3, Bedroom 2
Patio and Porch features
Porch, Patio
Interior features
Walk-In Closet(s), Kitchen Island, Pantry
Exterior features
Windows - Vinyl
Appliances
Range, Refrigerator
Elementary school
Spring City
Middle school
Spring City
High school
Rhea County
Directions
75 South To exit 368, then 68 to Spring City, take exit 60 north to Spring City, go 11 miles and turn right onto Wedgewood Lane and property is on the left. Sign on the property.
Subdivision
Rhea County - 42
Standard status
Active
APN
042 009.10
Size
4,520 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Annual Amount
992
Utilities
Heating system
Electric (Heating), Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1982
Number of units
3
Flooring type
Laminate, Carpet, Tile
Building materials
Frame
Roof type
Metal
Listing Agency:
Wallace Jennifer Scates Group
(865) 253-7889
Listed By:
Jennifer Scates · License #334295
(404) 403-9855
Added: Jul 9, 2025
Changed: Sep 12
Last Checked: Sep 24 at 7:06AM
MLS# 1307644
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,520-square-foot triplex, built in 1982, includes three separate living units on 1.5 acres in Spring City. The primary residence provides 3,000 square feet with an open main level, two upper-level bedrooms, a full bathroom, and a lower level with another bedroom, bathroom, and two flexible rooms. Improvements include new windows, flooring, shower, staircase, and back door, along with central HVAC. The lower level connects to a fenced backyard.
An attached efficiency suite has its own separate address and includes a private bath with updated fixtures and windows. The detached third home offers two bedrooms, a full bathroom, an open living, kitchen, and dining arrangement, plus a full walkout basement and replacement windows. Additional features include porches, a patio, vinyl windows, a metal roof, and range and refrigerator appliances. The property is located at 197 Wedgewood Lane, Spring City, Tennessee 37381.
An attached efficiency suite has its own separate address and includes a private bath with updated fixtures and windows. The detached third home offers two bedrooms, a full bathroom, an open living, kitchen, and dining arrangement, plus a full walkout basement and replacement windows. Additional features include porches, a patio, vinyl windows, a metal roof, and range and refrigerator appliances. The property is located at 197 Wedgewood Lane, Spring City, Tennessee 37381.
Key Highlights
- Three‑unit property totaling 4,520 square feet on 1.5 acres
- Primary unit offers 3,000 square feet with central HVAC
- Attached efficiency suite has its own separate address and private bathroom
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 37381, TN
9,213
Population
5,004
Households
1.8
Avg Household Size
49
Median Age
14%
College-Educated
80%
High-School Grad
136.2 sq mi
ZIP Area
68
Density / Sq Mi
$57,553
Median Household Income
$36,369
Median Earnings
$761
Median Rent
$208,600
Median Home Value
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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?
Triplex - Three distinct residences combine updated interiors, a detached home, and a separate efficiency suite.
Where is this triplex located?
The property is located at 197 Wedgewood Lane Spring City, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit property totaling 4,520 square feet on 1.5 acres; Primary unit offers 3,000 square feet with central HVAC; Attached efficiency suite has its own separate address and private bathroom
