Duplex with Updated
For Sale
$305,000
558-560 West Outer Drive, Oak Ridge, TN 37830
Two residential units offer separate layouts, washer and dryer hookups, central cooling, and shared outdoor space.
Property Size1,425 SF
Price / SF$214.04
Days on Market379
Property Features for 558-560 West Outer Drive
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,173
Amenities
Other, Central Cooling
Yes
Hardwood, Vinyl
True
Central, Other, Electric
Dryer, Microwave, Range, Refrigerator, Washer
Vinyl, Frame, Brick
Building Details
Year Built
1943
Listing Agency:
Young Marketing Group, Realty Executives
Listed By:
Jason Strange · License #342111
(865) 934-7558
Source:
Compass
Added: Oct 18, 2025
Changed: Oct 25
Last Checked: Oct 30 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Young Marketing Group, Realty Executives
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 558-560 West Outer Drive includes two residential units totaling 1,425 square feet. The property offers a two-bedroom, one-bath unit and a three-bedroom, one-bath unit, with functional layouts, natural light, and new LVP flooring in each residence. Both units include washer and dryer hookups, central cooling, and access to a shared yard.
Built in 1943, the property has vinyl, frame, and brick exterior elements. Included appliances are a dryer, microwave, range, refrigerator, and washer. The Oak Ridge location places the duplex near local amenities, schools, and shopping.
Built in 1943, the property has vinyl, frame, and brick exterior elements. Included appliances are a dryer, microwave, range, refrigerator, and washer. The Oak Ridge location places the duplex near local amenities, schools, and shopping.
Key Highlights
- Two‑unit duplex with one 2‑bedroom, 1‑bath residence and one 3‑bedroom, 1‑bath residence
- 1,425 square feet across the duplex
- 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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
113
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate layouts, washer and dryer hookups, central cooling, and shared outdoor space.
Where is this duplex located?
The property is located at 558-560 West 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 residence and one 3‑bedroom, 1‑bath residence; 1,425 square feet across the duplex; New LVP flooring installed in both units
