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

Listed By: Jim Stoneburner Show Phone

Source: Exprealty

Added: Dec 5, 2025 Changed: Aug 30 Last Checked: Aug 31 at 6:31PM

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Investment Insights

Based on property information with market context.

This multifamily property combines six existing rental units with a separate main residence. The unit mix includes four efficiency apartments and two one-bedroom apartments, while the house provides three bedrooms and two bathrooms. The improvements sit on 3.6 acres with space around the buildings and a lake-oriented setting.

Located at A-605 S Lake Dr in Oneida, Tennessee, the property is near a golf course and airport. Its existing apartment configuration and detached residential component offer a varied layout within one asset.

Key Highlights

• Six rental units in place: four efficiencies and two one‑bedroom apartments
• Separate main house with 3 bedrooms and 2 bathrooms
• Situated on 3.6 acres in a lake setting

Property Analytics

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

59

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 - Income property with six rental units, a separate three-bedroom residence, and room across a 3.6-acre lake setting.

Where is this apartment building located?

The property is located at A-605 S Lake Dr 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: Six rental units in place: four efficiencies and two one‑bedroom apartments; Separate main house with 3 bedrooms and 2 bathrooms; Situated on 3.6 acres in a lake setting