Building Details

Year Built 1967

Listing Agency: Honors Real Estate Services LLC j***@honorsproperties.com Show Phone

Listed By: Jim Stoneburner

Source: Grayfoxrealty

Added: Jul 31 Changed: Aug 28 Last Checked: Aug 25 at 4:46AM

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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 Honors Real Estate Services LLC

Investment Insights

Based on property information with market context.

This apartment property combines six existing rental units with a separate main residence containing three bedrooms and two bathrooms. The unit mix includes four efficiency apartments and two one-bedroom apartments, while the overall improvements total 7,576 square feet. Built in 1967, the property offers a residential income configuration with additional space in the main house.

The improvements sit on 3.6 acres at 605 S Lake Dr in Oneida, Tennessee, near a golf course and airport. The site also provides a lake-oriented setting and room surrounding the existing structures. This combination of apartment units, a larger residence, and acreage creates a varied multifamily property profile.

Key Highlights

• Four efficiency apartments and two one‑bedroom apartments
• Three‑bedroom, two‑bath main house included
• 7,576‑square‑foot property on 3.6 acres

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop Pharmacy Garden Center Grocery & Convenience Store Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 37841, TN

9,443

Population

4,298

Households

2.2

Avg Household Size

39

Median Age

11%

College-Educated

82%

High-School Grad

147.3 sq mi

ZIP Area

64

Density / Sq Mi

$47,928

Median Household Income

$30,586

Median Earnings

$763

Median Rent

$147,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multiple rental units accompany a three-bedroom, two-bath main house on a spacious lake-area site.

Where is this apartment building located?

The property is located at 605 S Lake Dr Oneida, TN.

What is the asking price?

The asking price for this property is $540,000.

What are key features of this property?

This property features: Four efficiency apartments and two one‑bedroom apartments; Three‑bedroom, two‑bath main house included; 7,576‑square‑foot property on 3.6 acres