Sold
Last Sold Price
5 beds2 baths2,042 sqft$121/sqft
153 Wade Ln, Oak Ridge, TN 37830
Multi FamilyProperty Type
1943Year Built
$121/sq ftPrice per sq ft

Description

Investor opportunity in the heart of Oak Ridge. This duplex at 153 Wade Lane offers strong rental potential with two separate units and individual utility meters, making it an ideal addition to a long term rental portfolio. The property features a 3 bedroom 1 bath unit that previously rented for $1,275 per month and a 2 bedroom 1 bath unit that rented for $975 per month. With both units currently vacant, the next owner has the rare opportunity to place tenants at current market rents or house hack...Investor opportunity in the heart of Oak Ridge. This duplex at 153 Wade Lane offers strong rental potential with two separate units and individual utility meters, making it an ideal addition to a long term rental portfolio. The property features a 3 bedroom 1 bath unit that previously rented for $1,275 per month and a 2 bedroom 1 bath unit that rented for $975 per month. With both units currently vacant, the next owner has the rare opportunity to place tenants at current market rents or house hack by living in one unit while renting the other. Recent improvements include a fully renovated kitchen in one of the units along with new water heaters, helping reduce immediate maintenance concerns and improving tenant appeal. Situated on a generous 0.47 acre lot, the property provides additional space and privacy that is uncommon for many duplexes. Located at the end of the community, the setting offers a quiet and private feel while still being just minutes from Oak Ridge shopping, restaurants, and convenient interstate access for commuting to Knoxville or surrounding employment centers. Separate electric and water meters allow for efficient property management and reduced owner utility expenses, a key advantage for investors focused on maximizing net operating income. Whether you are a seasoned investor looking to add another income producing property or a first time buyer seeking an entry point into real estate investing, this duplex offers strong fundamentals in a stable rental market. Priced at $250,000, this is an opportunity to secure a well located duplex with existing rental history and upside potential in one of East Tennessee's most consistent rental markets. Schedule your showing today and explore the potential this Oak Ridge investment property has to offer.
  • Listed by: Chris Ball • Keller Williams Realty
Listing closed: 04/24/2026 01:00 AM • Source: REALTRACS as distributed by MLS GRID, MLS#: 3148432

Location

Listing Courtesy of Keller Williams Realty, Chris Ball (423.765.5153)

Sold By Realty Executives Associates, Wala Habiby

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Property Information for 153 Wade Lane

Property Details
  • Taxes: $2,301 / year
  • MLS Type: Residential Income
  • Waterfront: No
Building Information
  • Residences: 2
  • Year Built: 1943
Summary
Location and General Information
  • Directions: Pellissppi Parkway to Oak Ridge. Turn right onto Hillside Rd. Turn left onto Highland Ave. Turn right onto W Outer Dr. Turn right onto Wabash Ln. Turn left onto Wade Ln. Home is on the left. Sign on property.
  • Elementary School: Willow Brook Elementary
  • High School: Oak Ridge High School
  • Levels: Three Or More
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Robertsville Middle School
  • Mlg Can View: Yes
Parking
  • Parking Total: .00
Taxes and HOA Information
  • Tax Block: 0C13
  • Tax Lot: 25
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Wood, Tile
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 099C B 04500 000
  • Structure Type: Duplex
  • Lot Size Area: 20473.0
Property and Assessments
  • Construction Materials: Frame, Vinyl Siding
  • Documents Count: 5
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Smoke Detector(s)
  • Senior Community: No
  • Year Built Details: Existing
Utilities
  • Cooling: Wall/Window Unit(s), Central Air, Ceiling Fan(s)
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Utilities: Electricity Available
Interior and Exterior Features
Interior Features
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • Roof: Other
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Availability Date: 03-18-2026

Property History for 153 Wade Lane

DateEvent & SourcePriceAppreciation
Apr 24, 2026

Closed

REALTRACS #3148432

$247,500—
Apr 24, 2026

Closed

KAARMLS #1332532

$247,500—
Apr 22, 2026

Closed (Public Record)

Public Record #1937193156

$247,500—
DateEvent & SourcePrice
04/24/2026

Closed

REALTRACS #3148432

$247,500
04/24/2026

Closed

KAARMLS #1332532

$247,500
04/22/2026

Closed (Public Record)

Public Record #1937193156

$247,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 153 Wade Lane

Taxable ValueLand$23,920Additions$58,720Total$82,640
Tax Record2024$834 ($70 / month)
Home Facts
Baths4Total Finished SqFt2,042 SqFtAbove Grade Finished SqFt2,042 SqFtStories2Lot Size20,473 SqFtStyleMiscellaneous CommercialYear Built1943Year Renovated1980CountyANDERSONAPN099C-B-045.00

Schools near 153 Wade Lane

This home is within Oak Ridge School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Willow Brook Elementary School
PublicK to 4

Robertsville Middle School
Public5 to 8

Oak Ridge High School
Public9 to 12

St. Marys School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Chris Ball (423.765.5153)

Based on information submitted to the MLS GRID as of 04/27/2026 10:18 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.