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Versatile Multi-Unit Property in Tennessee

197 Wedgewood Lane, Spring City, TN 37381

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For Sale

$425,000

MULTI_FAMILY - Spring City, TN

Property size:

4,520 SF

Lot size:

1.50 Acres

Price / SF:

$94/SF

HighLights

3‑unit setup on 1.5 private acres, with Unit 2 having its own separate address
Unit 1: 3,000 SF with open‑concept main floor and recent updates including new flooring, shower, staircase, windows, and back door
Unit 1 includes central HVAC and offers upstairs bedrooms plus a downstairs level with bedroom, bathroom, and 2 additional rooms
Unit 2 efficiency/mother‑in‑law suite with full bath updates including new vanity, toilet, and windows
Unit 3 detached home with 2 bedrooms, 1 full bath, open‑concept living, kitchen, and dining, plus a full walkout basement
Metal roof and central air; interior features include walk‑in closets, kitchen island, and pantry

We can help!

Listing Contact

Jennifer Scates

For Sale

$425,000

MULTI_FAMILY - Spring City, TN

Property size:

4,520 SF

Lot size:

1.50 Acres

Price / SF:

$94/SF

Added:: Jul 9, 2025
Days on Market:: 348
Last Refresh:: Jun 21 at 4:06 am

Property Features for 197 Wedgewood Lane

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 6
Rooms: Bedroom 2, Bedroom 3, Dining Room, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 4, Bedroom 4
Patio and Porch features: Porch, Patio
Interior features: Walk-In Closet(s), Kitchen Island, Pantry
Exterior features: Windows - Vinyl
Appliances: Range, Refrigerator
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: Central, Electric (Heating), Natural Gas
Cooling system: Central Air

Building Details

Year built: 1982
Number of units: 3
Flooring type: Tile, Laminate, Carpet
Building materials: Frame
Roof type: Metal

We can help!

Listing Contact

Jennifer Scates

Listing agent Jennifer Scates

Listing office Wallace Jennifer Scates Group 102 Adair Drive, Knoxville, TN

Listing date Jul 9, 2025

MLS# 1307644 Listing URL

HighLights

3‑unit setup on 1.5 private acres, with Unit 2 having its own separate address
Unit 1: 3,000 SF with open‑concept main floor and recent updates including new flooring, shower, staircase, windows, and back door
Unit 1 includes central HVAC and offers upstairs bedrooms plus a downstairs level with bedroom, bathroom, and 2 additional rooms
Unit 2 efficiency/mother‑in‑law suite with full bath updates including new vanity, toilet, and windows
Unit 3 detached home with 2 bedrooms, 1 full bath, open‑concept living, kitchen, and dining, plus a full walkout basement
Metal roof and central air; interior features include walk‑in closets, kitchen island, and pantry

Overview

This property offers a unique investment opportunity with three separate units situated on 1.5 acres. Located minutes from the heart of Spring City, Tennessee, this property is suitable for rental income, a multi-generational family compound, or a combination of both. Unit 1 features 3,000 square feet of living space with an open-concept main floor, new flooring, shower, staircase, windows, and back door. Central HVAC provides year-round comfort. The upstairs includes two bedrooms and a full bath. The downstairs level contains a bedroom, a bathroom, and two additional rooms suitable for game rooms, offices, or storage. The lower level, with some materials already on-site, opens to a fenced backyard. Unit 2 is an attached efficiency or mother-in-law suite with a separate address, a full bath with new vanity, toilet, and windows, providing a private living space. Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows. The property offers privacy, flexibility, and potential as income-producing rentals, a family retreat, or a combination of both.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Spring City
County: Rhea
State: Tennessee
Longitude: -84.880452
Latitude: 35.65665

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For sale
Multifamily properties
TN
Spring City
37381
197 Wedgewood Lane

What type of property is this?

Multifamily property - Three separate units on 1.5 acres near Spring City.

Where is this multifamily property 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: 3‑unit setup on 1.5 private acres, with Unit 2 having its own separate address; Unit 1: 3,000 SF with open‑concept main floor and recent updates including new flooring, shower, staircase, windows, and back door; Unit 1 includes central HVAC and offers upstairs bedrooms plus a downstairs level with bedroom, bathroom, and 2 additional rooms

197 Wedgewood Lane, Spring City, TN 37381

MULTI_FAMILY - Spring City, TN

Property Features for 197 Wedgewood Lane

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Physical Therapy Office Building

Duplex Near Watts Bar Lake

Spring City Commercial Opportunity

All-Brick Duplex Near Lake Resort

Turnkey Physical Therapy Office Building

Spring City Triplex Investment Opportunity

Spring City Land with Lakeview

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