Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oak Ridge Duplex Investment Opportunity Title is generated by Realmo AI

    617 W Outer Drive, Oak Ridge, TN 37830

    View on Map
    Claim this Listing
    For Sale
    $305,000

    Well-maintained duplex in Oak Ridge with income potential.

    Type:Multi Family
    Property size:
    1,425 SF
    Price / SF:
    $214/SF
    Added:
    May 1, 2025
    Days on Market:
    397
    Last Refresh:
    May 28 at 11:35 pm

    Property Features for 617 W Outer Drive

    General Information

    Standard status
    Active
    Size
    1,425 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1943

    We can help!

    Listing Contact
    Carl Young
    Carl Young

    Listing agent Carl Young License #337453

    Listing office Young Marketing Group, Realty Executives

    Listing date May 1, 2025

    Source Exitrealty

    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

    HighLights

    • Tenant occupied unit provides $2650 current monthly income.
    • Versatile investment opportunity with multi‑generational living options.
    • Two units: a 3 bed, 1 bath and a 2 bed, 1 bath.
    • Newly installed vinyl flooring for low‑maintenance appeal.
    • Fenced yard provides private outdoor space.
    • Open floor plans in both units.

    Overview

    Located in Oak Ridge, this duplex presents an investment opportunity with living options. The property features two units: one with 3 beds and 1 bath, and another with 2 beds and 1 bath. Both units have open floor plans and newly installed vinyl flooring. A fenced yard and walk-out porch provide outdoor spaces. One side is currently tenant occupied and generates $2650 monthly income. The property size is 1425 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.28349
    Latitude
    36.018627

    Nearby Similar for Sale

    • $475,000
      2,704 SF

      Oak Ridge Multifamily Investment Opportunity

      Fully furnished duplex in Oak Ridge, great investment potential.
      111 Vienna Rd, Oak Ridge, TN 37830
      View Details
    • $310,000

      Oak Ridge Duplex Investment Property

      Two-unit duplex in Oak Ridge, ideal for rental income.
      113/115 Walsh Lane, Oak Ridge, TN 37830
      View Details
    • $307,000

      Renovated Duplex in Oak Ridge

      Fully renovated duplex with tenants in place, great investment opportunity.
      365 Robertsville Rd, Oak Ridge, TN 37830
      View Details
    • $266,900
      1,745 SF

      Oak Ridge Multifamily Property

      Multifamily property in Oak Ridge, priced below recent appraisal.
      148 Maryville Circle, Oak Ridge, TN 37830
      View Details
    • $1,400,000
      15,541 SF

      Versatile Office Building in Oak Ridge

      Security-enhanced 15,541 SF office building near Y-12 Complex.
      122-132 Jefferson Court, Oak Ridge, TN 37830
      View Details
    • $305,000
      1,368 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with income potential and convenient location.
      165 Latimer Rd, Oak Ridge, TN 37830
      View Details
    • $305,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with strong income potential.
      558/560 W Outer Drive, Oak Ridge, TN 37830
      View Details
    • $6,990,000

      Fully Leased Oak Ridge Office

      Multi-tenant office building with immediate cash flow in Oak Ridge.
      575 Oak Ridge Turnpike, Oak Ridge, TN 37830
      View Details
    • $39
      1,600 SF

      Retail Space in Oak Ridge

      New retail space in high-traffic Oak Ridge retail corridor.
      852 Main Street, Oak Ridge, TN 37830
      View Details
    • $280,000
      1,225 SF

      Oak Ridge Duplex Investment Opportunity

      Fully occupied duplex in Oak Ridge, proven income producer.
      100/102 Howard Lane, Oak Ridge, TN 37830
      View Details
    • $1,400,000
      15,541 SF

      Oak Ridge Office Building Opportunity

      Security-enhanced 15,541 SF office building near Y-12 Complex.
      122-132 Jefferson Court, Oak Ridge, TN 37830
      View Details
    • $1,650,000
      10,139 SF

      Oak Ridge Medical/Office Building

      Medical/office building in Oak Ridge with existing medical tenants.
      400 Laboratory Rd, Oak Ridge, TN 37830
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Oak Ridge with income potential.
    Where is this duplex located?
    The property is located at 617 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: Tenant occupied unit provides $2650 current monthly income.; Versatile investment opportunity with multi‑generational living options.; Two units: a 3 bed, 1 bath and a 2 bed, 1 bath.
    (865) 281-1321
    We can help!
    Listing Contact
    Carl Young
    Carl Young
    Real Estate License ID: 337453
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    617 W Outer Drive, Oak Ridge, TN 37830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!