Duplex with Washer/Dryer
For Sale
$305,000
558/560 W Outer Drive, Oak Ridge, TN 37830
MULTI_FAMILY - Oak Ridge, TN
Property Size1,425 SF
Price / SF$214.04
Days on Market289
Property Features for 558/560 W Outer Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Elementary school
Willow Brook
Middle school
Robertsville
High school
Oak Ridge
Directions
Take I-40/I-75 S, TN-162 N and TN-62 W to W Outer Dr in Oak Ridge; Turn left onto Kingston Pike; Turn right onto Bridgewater Rd; Turn left onto the I-40 W/I-75 S ramp; Merge onto I-40/I-75 S; Use the 2nd from the right lane to take exit 376 for TN-162 N toward Oak Ridge; Use the left lane to merge onto Pellissippi Pkwy; Continue onto TN-162 N/Pellissippi Pkwy; Merge onto TN-62; Pass by Waffle House (on the left in 5.4 mi); Turn right onto W Outer Dr; Destination will be on the left.
Subdivision
Anderson County - 30
Standard status
Active
APN
099G A 001.00
Size
1,425 SF
Taxes and HOA fees
Tax Annual Amount
2173
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
washer/dryer hookups
shared yard space
Building Details
Year built
1943
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding, Frame, Brick
Roof type
Shingle
Listing Agency:
Young Marketing Group, Realty Executives · Realty Executives International
(865) 281-1321
Listed By:
Carl Young · License #337453
(865) 281-1321
Added: Oct 21, 2025
Changed: Aug 3
Last Checked: Aug 5 at 3:06AM
MLS# 1319382
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 duplex at 558/560 W Outer Drive includes two separate units: one 2-bedroom, 1-bath unit and one 3-bedroom, 1-bath unit. Both units feature new LVP flooring and have washer/dryer hookups. The property offers functional layouts with plenty of natural light, along with a shared yard space and a porch.
The home spans 1,425 square feet and was built in 1943. Construction includes vinyl siding, frame, and brick elements, with a shingle roof. Heating is central electric, and cooling is provided by central air. Appliances listed include a refrigerator, range, microwave, washer, and dryer, supporting in-unit convenience for tenants.
The duplex has off-street parking and a shared outdoor area, making it well-suited to buyers seeking a straightforward residential income asset in Oak Ridge, TN.
The home spans 1,425 square feet and was built in 1943. Construction includes vinyl siding, frame, and brick elements, with a shingle roof. Heating is central electric, and cooling is provided by central air. Appliances listed include a refrigerator, range, microwave, washer, and dryer, supporting in-unit convenience for tenants.
The duplex has off-street parking and a shared outdoor area, making it well-suited to buyers seeking a straightforward residential income asset in Oak Ridge, TN.
Key Highlights
- Two‑unit duplex with one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit
- New LVP flooring in both units
- Washer/dryer hookups in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $15.00 |
| − Vacancy | −$1.5k | −$1.07 |
| EGI | $19.9k | $13.93 |
| − OpEx | −$6.0k | −$4.18 |
| NOI | $13.9k | $9.75 |
1,425 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.5K
$173.7K – $231.6K
NOI $13,897 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$182.7K
$159.9K – $213.1K
NOI $12,788 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering one 2-bedroom, 1-bath and one 3-bedroom, 1-bath unit with washer/dryer hookups and off-street parking.
Where is this duplex located?
The property is located at 558/560 W Outer Drive Oak Ridge, TN.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit; New LVP flooring in both units; Washer/dryer hookups in each unit
