Duplex with New LVP
558/560 W Outer Drive, Oak Ridge, TN 37830
For Sale
$305,000
Multi-Family, Oak Ridge, TN
Property Size1,425 SF
Price / SF$214.04
Days on Market385
Property Features for 558/560 W Outer Drive
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Appliances
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
shared yard space
washer/dryer hookups
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Young Marketing Group, Realty Executives · Realty Executives International
Listed By:
Carl Young · License #337453
(865) 281-1321
Added: Oct 21, 2025
Changed: Oct 28
Last Checked: Nov 9 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,425-square-foot duplex at 558/560 W Outer Drive comprises two separate units: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Both units have new LVP flooring, functional layouts, natural light, and washer/dryer hookups. Central heating and cooling support year-round comfort, while the property also includes a range, refrigerator, microwave, washer, and dryer. Exterior features include vinyl siding, brick, a shingle roof, porches, and off-street parking.
Located in Oak Ridge, Tennessee, the property is near local amenities, schools, and shopping. A shared yard provides outdoor space for residents, and the two-unit configuration offers flexibility for an investor or an owner-occupant.
Located in Oak Ridge, Tennessee, the property is near local amenities, schools, and shopping. A shared yard provides outdoor space for residents, and the two-unit configuration offers flexibility for an investor or an owner-occupant.
Key Highlights
- 1,425 SF duplex with two separate residential units
- Unit mix includes one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit
- New LVP flooring installed in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,897
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,940
$277.9K
Cap Rate 7%
$198,529
$198.5K
Cap Rate 9%
$154,411
$154.4K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$21.4K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.9K $13.93/SF
− OpEx
−$6.0K −$4.18/SF
NOI
$13.9K $9.75/SF
Area
Anderson County, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,940
Cap Rate 7%
$198,529
Cap Rate 9%
$154,411
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include washer/dryer hookups and shared outdoor space.
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: 1,425 SF duplex with two separate residential units; Unit mix includes one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit; New LVP flooring installed in both units
