Apartment Building with Balcony and Main
For Sale
$550,000
605 S Lake Drive, Oneida, TN 37841
MULTI_FAMILY - Oneida, TN
Property Size7,576 SF
Lot Size3.67 Acres
Price / SF$72.60
Days on Market243
Property Features for 605 S Lake Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 7, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Off Street
Exterior features
Balcony
Appliances
Refrigerator
Subdivision
Ponderosa Estates
Directions
63 West to Hwy 27 North-Right to Underpass Drive-Right at the three way stop-Go straight into Ponderosa Est.-Turn left at 605 South Lake Drive-the house shares a drive with other house---go to the last house.
Standard status
Active
APN
061L B 008.00
Size
7,576 SF
Lot size
3.67 Acres
Taxes and HOA fees
Tax Annual Amount
5233
Utilities
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1967
Number of units
7
Flooring type
Tile, Laminate, Hardwood
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
Honors Real Estate Services LLC
(865) 238-0002
Listed By:
Jim Stoneburner
(865) 296-2732
Added: Dec 5, 2025
Changed: Aug 2
Last Checked: Aug 5 at 2:06AM
MLS# 1323587
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 apartment building includes four efficiency apartments, two one-bedroom apartments, and a three-bedroom, two-bath main house. The property sits on 3.67 acres and is designed for flexible rental use, with six rental units already in place and the main house described as convertible for additional units. Interior finishes include tile, laminate, and hardwood flooring, and the exterior features a balcony. The building was constructed with block and frame materials and is supported by electric and natural gas heating, along with central air cooling.
The address is 605 S Lake Drive in Oneida, TN, Scott County. The property is described as close to the golf course and the airport, and it’s positioned for tenants who want a “on-the-lake” setting.
With a total of 7,576 square feet and off-street parking, the layout supports both established rental income and future configuration changes within the existing footprint.
The address is 605 S Lake Drive in Oneida, TN, Scott County. The property is described as close to the golf course and the airport, and it’s positioned for tenants who want a “on-the-lake” setting.
With a total of 7,576 square feet and off-street parking, the layout supports both established rental income and future configuration changes within the existing footprint.
Key Highlights
- 3.67‑acre apartment property with on‑the‑lake setting and off‑street parking
- Four efficiency apartments, two one‑bedroom apartments, plus a three‑bedroom, two‑bath main house
- Six rental units already in place; main house described as convertible for additional units
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
38
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building on 3.67 acres with a main house and balcony, built in 1967 with central air and off-street parking.
Where is this apartment building located?
The property is located at 605 S Lake Drive Oneida, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3.67‑acre apartment property with on‑the‑lake setting and off‑street parking; Four efficiency apartments, two one‑bedroom apartments, plus a three‑bedroom, two‑bath main house; Six rental units already in place; main house described as convertible for additional units
