Three-Unit Residential Income
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 Market395
Property Features for 197 Wedgewood Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Dining Room, Bedroom 6
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
Central, Natural Gas, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1982
Number of units
3
Flooring type
Tile, Carpet, Laminate
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: Jul 7
Last Checked: Aug 7 at 2:06AM
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 residential income property includes three separate units configured on one parcel. Unit 1 is a larger home with an open-concept main floor and updates that include new flooring, a new shower, a new staircase, new windows, and a new back door. The unit is equipped with central HVAC, with two bedrooms and a full bath upstairs, plus additional bedroom, bathroom, and two extra rooms on the lower level; the lower level opens to a fenced backyard and includes some materials already on-site for completion.
Unit 2 is an attached efficiency or mother-in-law suite with its own separate address. It includes a full bath with a new vanity, toilet, and windows.
Unit 3 is a detached two-bedroom home with one full bath, an open-concept living room, kitchen, and dining area, and a full walkout basement. Updates include new windows. The property is located at 197 Wedgewood Lane in Spring City, Tennessee.
Unit 2 is an attached efficiency or mother-in-law suite with its own separate address. It includes a full bath with a new vanity, toilet, and windows.
Unit 3 is a detached two-bedroom home with one full bath, an open-concept living room, kitchen, and dining area, and a full walkout basement. Updates include new windows. The property is located at 197 Wedgewood Lane in Spring City, Tennessee.
Key Highlights
- 3‑unit property on 1.5 private acres in Spring City, just minutes from the heart of Spring City
- Unit 1: 3,000 SF with open‑concept main floor, new flooring, new shower, new staircase, new windows, and new back door
- Unit 1 includes central HVAC; upstairs has 2 bedrooms and a full bath, with additional downstairs bedroom, bath, and two rooms
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
7
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units on one parcel, including updates such as new windows, HVAC, and multiple newly finished spaces.
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: 3‑unit property on 1.5 private acres in Spring City, just minutes from the heart of Spring City; Unit 1: 3,000 SF with open‑concept main floor, new flooring, new shower, new staircase, new windows, and new back door; Unit 1 includes central HVAC; upstairs has 2 bedrooms and a full bath, with additional downstairs bedroom, bath, and two rooms
