350 Water St

Rutledge, TN 37861

$250,000
Last Sold Price
—
Beds
—
Baths
2,600 Sq. Ft.
$96 / Sq. Ft.
2,600
Sq. Ft.
$96
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 10/20/21
Closed 10/20/21
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Description

Unique opportunity to own a great multi-unit property right in the heart of beautiful Rutledge! Property comes with 2 units with a basement used for storage! Unit A at 1700 square feet comes with 3 bedrooms, 1 bathroom, large living room with fireplace, laundry room, and much more and currently has a great current tenant in place! Unit B at 900 square feet comes with 2 bedrooms, 1 bathroom, a cute living space with kitchen and laundry room and would be a great in-law suite! Property also comes with...Unique opportunity to own a great multi-unit property right in the heart of beautiful Rutledge! Property comes with 2 units with a basement used for storage! Unit A at 1700 square feet comes with 3 bedrooms, 1 bathroom, large living room with fireplace, laundry room, and much more and currently has a great current tenant in place! Unit B at 900 square feet comes with 2 bedrooms, 1 bathroom, a cute living space with kitchen and laundry room and would be a great in-law suite! Property also comes with large multi-stall barn at back of property for additional storage for tenants if they chose as well as Richland Creek also bordering the back of the property. Come and take a look today! Buyer to verify square footage.
  1. Listed by Jarrod Brown • Single Tree Realty Co.

Amenities

  • Air Conditioning
  • Basement
  • Common Storage
  • Laundry
  • Laundry in Building
  • Parking Included
  • Private Outdoor Space
LISTING CLOSED: 10/20/2021 12:00 AM

Property Details for 350 Water Street

StatusClosed
MLS #1160121
Days on Market20
Taxes$964 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1966
Lot Size1.07 AC / 46,609 SF
CountyGrainger County
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Location

Listing Courtesy of Single Tree Realty Co., Jarrod Brown

Sold By Single Tree Realty Co., Jarrod Brown (865.201.7448)

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Building Information for 350 Water Street

Stories-Residences2Year Built1966Building Size-Lot Size1.07 AC / 46,609 SF

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$1,326 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,246

Property Taxes

$80

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 350 Water Street

Summary
Location and General Information
  • City: Rutledge
  • County Or Parish: Grainger County - 45
  • Directions: From 11W (Rutledge Pike), turn onto Highway 92 at red light, turn left onto Water Street and property is the first on the right.
  • Latitude: 36.279911
  • Longitude: -83.514179
  • MLS Area Major: Grainger County - 45
  • MLS Area Minor: Grainger County - 45
  • Postal Code: 37861
  • State Or Province: TN
  • Location Tax Legal Info Area: Grainger County - 45
  • Remarks Misc Directions: From 11W (Rutledge Pike), turn onto Highway 92 at red light, turn left onto Water Street and property is the first on the right.
Parking
  • General Property Description Driveway: Shared
  • Garage Parking On Premise Parking: True
School Information
  • Elementary School: Rutledge
  • High School: Grainger County Adult
  • Middle Or Junior School: Rutledge
  • Location Tax Legal Info Elementary School: Rutledge
  • Location Tax Legal Info Middle School: Rutledge
  • Location Tax Legal Info High School: Grainger County Adult
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 049O C 013.00 000
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 963.9
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 46609.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 46609.0
  • Year Built: 1966
  • Building Area Total: 2600.0
  • Living Area Source: Owner
  • Lot Size Acres: 1.07
  • Lot Size Dimensions: -
  • General Property Description SqFt - Source: Owner
  • General Property Description Lot Dimensions: -
  • General Property Description Lot Size SqFt: 46609.0
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 0.0
  • Fuel Electric: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch - Covered, Windows - Dble Pane, Windows - Insulated, Patio, Barn
  • Construction Materials: Stone
  • Siding Stone: True
  • Exterior Features Barn: True
  • Exterior Features Patio: True
  • Exterior Features Porch - Covered: True
  • Exterior Features Windows - Dble Pane: True
  • Exterior Features Windows - Insulated: True
  • Miscellaneous Patio: True
  • Miscellaneous Storage Space: True
Interior Features
  • Bathrooms Total Integer: 0
  • Flooring: Hardwood, Tile
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Hardwood: True
  • Floors Tile: True
  • Heat Central: True
  • Other Rooms Basement Rec Room: True
  • Roof Shingle: True
Multi Family
Income & Expenses Information
  • Gross Income: $14,400.00
Multi-Family Information
  • Number Of Units Total: 2
  • Type of Units Other: True
  • Income Expenses Gross Annual Income: 14400.0
Unit 1
  • Unit 1 Unit Number: 1
  • Unit 1 Beds Total: 3
  • Unit 1 Rent: 700
  • Unit 1 Squarefeet: 1700.0
  • Unit 1 Furnished: Furnished
Unit 2
  • Unit 2 Unit Number: 2
  • Unit 2 Beds Total: 2
  • Unit 2 Rent: 500
  • Unit 2 Squarefeet: 900.0
  • Unit 2 Furnished: Furnished
Rental
Rent Information
  • General Property Description Number of Units Leased: 2.0
  • Tenant Expenses Electricity: True
  • Tenant Expenses Heating: Central
  • Tenant Expenses Tenant Pays All Utilities: True
  • Tenant Expenses WaterSewer: True

Property History for 350 Water Street

DateEvent & SourcePriceAppreciation
Oct 20, 2021

Closed (Public Record)

Public Record #1476275255

$250,000

+15.2% / yr

Oct 20, 2021

Closed

KAARMLS #1160121

$250,000—
Aug 3, 2021

Contract - Not Showing

KAARMLS #1160121

—
DateEvent & SourcePrice
10/20/2021

Closed (Public Record)

Public Record #1476275255

$250,000

+15.2% / yr

10/20/2021

Closed

KAARMLS #1160121

$250,000
08/03/2021

Contract - Not Showing

KAARMLS #1160121

—

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

Public Records for 350 Water Street

Taxable ValueLand$4,025Additions$37,250Total$41,275
Tax Record2025$970 ($81 / month)
Home Facts
Beds0Total Finished SqFt2,424 SqFtAbove Grade Finished SqFt2,424 SqFtUnfinished Basement SqFt1,344 SqFtStories1Lot Size46,609 SqFtStyleSingle Family ResidenceYear Built1966Year Renovated1975CountyGRAINGERAPN049O C 01300Fireplace TypeHas Fireplace

Schools near 350 Water Street

This home is within Grainger County School District.
Rating
School
Type
Grades
Distance
Rutledge Primary School
Public - PK to 1
Rutledge Elementary School
Public - 2 to 6
Rutledge Middle School
Public - 7 to 8
Grainger High School
Public - 9 to 12
Rating
School
Distance
Rutledge Primary School
PublicPK to 1

Rutledge Elementary School
Public2 to 6

Rutledge Middle School
Public7 to 8

Grainger High School
Public9 to 12

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 Single Tree Realty Co., Jarrod Brown

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: 10/24/2021 01:43 PM