198 Ellis Street

Closed 2/14/25
Closed 2/14/25
Exterior of both buildings
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198 Ellis Street 2
198 Ellis Street 4
198 Ellis Street 5
198 Ellis Street 6
198 Ellis Street 7
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Duplex entrance
Front Unit
Duplex
Last Sold Price
$165,000
2,000 sqft$83/sqft
198 Ellis St, Spring City, TN 37381

Description

Stop! Before you read any further go to YouTube and type in 198 Ellis St Spring City, TN. Check out the video tours then let's talk numbers! GREAT, AFFORDABLE INVESTMENT OPPORTUNITY. 2 buildings with 3 total rental units. Front unit is a recently updated 1000 sq ft space with 2 bedrooms, living area, kitchen and half bath. Seller is willing to negotiate converting the half bath back to a full bath. Back building has 2 500 sq ft units with 1 bedroom, 1 bath, living area and kitchen in each unit. These...Stop! Before you read any further go to YouTube and type in 198 Ellis St Spring City, TN. Check out the video tours then let's talk numbers! GREAT, AFFORDABLE INVESTMENT OPPORTUNITY. 2 buildings with 3 total rental units. Front unit is a recently updated 1000 sq ft space with 2 bedrooms, living area, kitchen and half bath. Seller is willing to negotiate converting the half bath back to a full bath. Back building has 2 500 sq ft units with 1 bedroom, 1 bath, living area and kitchen in each unit. These are very convenient and located in the Spring City Limits. Call for your appointment today!
LISTING CLOSED: 02/14/2025 12:00 AM

  1. Listed by Angie Stumbo • simpliHOM

Property Details for 198 Ellis Street

Status
Closed
MLS #
1503113
Days on Market
74
Taxes
$1,518 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Triplex
Year Built
1973
Lot Size
0.13 AC / 5,662 SF
County
Rhea County
Architectural Style
Other
Waterfront
No
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Location

Listing Courtesy of simpliHOM, Angie Stumbo (423.428.9181)

Sold By COMPS ONLY, Comps Non Member Licensee (423.555.5555)

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Building Information for 198 Ellis Street

Stories1Residences3Year Built1973Building Size-Lot Size0.13 AC / 5,662 SF

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$965 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$127

HOA Dues

$0

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Property Information for 198 Ellis Street

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea
  • Directions: Hwy 27 North to Spring City. Just before 1st red light, take a right onto Ellis Street. Property is on the right.
  • Latitude: 35.688398
  • Longitude: -84.861488
  • Postal Code: 37381
  • State Or Province: TN
  • Subdivision Name: None
  • Road : Gravel: Yes
Taxes and HOA
  • Tax Legal Description: 031P C 001.01
  • Additional Parcels: No
  • Parcel Number: 031p C 001.01
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $1,518
School Information
  • Middle Or Junior School: Spring City
  • High School: Rhea County High School
  • Elementary School: Spring City
Parking
  • Garage: No
  • Attached Garage: No
Property
Lot Information
  • Lot Features: City Lot, Level
  • Lot Size Dimensions: 30 X 188
  • Lot Size Acres: 0.13
  • Living Area Source: Tax Records
  • Lot Size Square Feet: 5662.8
  • Building Area Total: 2000.0
  • Lot Size Units: Acres
  • Living Area: 2000.0
Property and Assessments
  • Property Type Label: Residential Income
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1973
  • Property Type: Residential Income
  • Property Sub Type: Triplex
Utilities
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Available
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Block
  • Pool Features: None
  • Community Features: None
  • Parking Features: Gravel
  • Exterior Features: None
  • Roof: Asphalt, Shingle
  • Roofing : Shingle: Yes
  • Structures : None: Yes
Interior Features
  • Fireplace: No
  • Appliances: Refrigerator, Electric Range
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Slab
  • Cooling: Central Air, Varies by Unit, Window Unit(s)
  • Heating: Central, Multi Units
  • Levels: One
  • Flooring: Carpet, Laminate
  • Stories: 1
  • Green Features : Central Air: Yes
  • Foundation : Block: Yes
  • Cooling : Central: Yes
  • Bed/Bath : None: Yes
  • Floors : Carpet: Yes
  • Floors : Laminate: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Unit 1
  • Unit 1 Features : Den: No
  • Unit 1 Features : Efficiency: No
  • Unit 1 Features : Kitchen: Yes
  • Unit 1 Features : Microwave: No
  • Unit 1 Features : Refrigerator: Yes
Unit 2
  • Unit 2 : Bedrooms: 1
  • Unit 2 Features : Den: No
  • Unit 2 Features : Efficiency: Yes
  • Unit 2 Features : Separate Dining: No
Unit 3
  • Unit 3 : Bedrooms: 1
  • Unit 3 Features : Efficiency: Yes
  • Unit 3 Features : Living Room: Yes
  • Unit 3 Features : Separate Dining: No
Unit 4
  • Unit 4 : Bedrooms: 2
  • Unit 4 Features : Kitchen: Yes
  • Unit 4 Features : Living Room: Yes
  • Unit 4 Features : Separate Dining: No
Rental
Rental Information
  • Tenant Pays: All Utilities
  • Tenant Pays : None: Yes

Property History for 198 Ellis Street

DateEvent & SourcePriceAppreciation
Feb 14, 2025

Closed (Public Record)

Public Record #1551002658

$165,000—
Feb 14, 2025

Closed (Public Record)

Public Record #1551002658

$165,000

+24.8% / yr

Feb 14, 2025

Closed

REALTRACS #2978936

$165,000—
DateEvent & SourcePrice
02/14/2025

Closed (Public Record)

Public Record #1551002658

$165,000
02/14/2025

Closed (Public Record)

Public Record #1551002658

$165,000

+24.8% / yr

02/14/2025

Closed

REALTRACS #2978936

$165,000

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

Public Records for 198 Ellis Street

Taxable ValueLand$5,160Additions$46,160Total$51,320
Home Facts
Beds0Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories1Lot Size5,663 SqFtStyleSingle Family ResidenceYear Built1981CountyRHEAAPN031P C 00101

Schools near 198 Ellis Street

This home is within Rhea County School District.
Rating
School
Type
Grades
Distance
Spring City Elementary School
Public - PK to 5
Spring City Middle School
Public - 6 to 8
Rhea County High School
Public - 9 to 12
Rhea Middle School
Public - 6 to 8
Rating
School
Distance
Spring City Elementary School
PublicPK to 5

Spring City Middle School
Public6 to 8

Rhea County High School
Public9 to 12

Rhea Middle School
Public6 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 198 Ellis Street, Spring City, TN 37381
$165,000
–
–
2,000
5,662
210 Ellis Street, Spring City, TN 37381
$160,000
–
3
8,928
65,776
194 Ellis Street, Spring City, TN 37381
$195,000
–
5.5
3,640
41,382
152 Ellis Street, Spring City, TN 37381
$110,000
–
0.5
7,706
28,750
144 Ellis Street, Spring City, TN 37381
$98,000
–
1.5
4,680
93,218
211 Ellis Street, Spring City, TN 37381
–
–
0.5
42,430
77,972

Explore Nearby Homes

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 simpliHOM, Angie Stumbo (423.428.9181)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 02/19/2025 06:16 PM