8160 Rutledge Pike
Description
1 bed/1 bath $375/month
1 bed/1 bath $400/month
1 bed/1 bath $375/month
2 bed 2 bath $475/month
2 bed/ 2 bath $500/month
2 bed/ 1 bath $475/month
2 bed/ 1 bath $500/month
TOTAL: $3100 / month $37,200 per year
EXPENSES:
Insurance $2900/year
Taxes $1882/year
Water $180/year
Electric $1800/year
Lawn Care $650/year
Pest Control $300/year
Maintenance $2400/year
TOTAL $10,112/YEAR
NET INCOME: $27,088
Cap Rate of 13.5%
Some units do have pets and they are charged an additional amount, normally $25 extra per month for every 2 pets. The electric bill covers the expense of electric in basement and security lights inside and outside the building. Owners will have electric cut on in individual units when improving.
- Listed by: Amy Shrader • REMAX Real Estate Ten of Morristown
Recent comparable sales
Median sold price
$165,000
Avg days on market
124
Sale-to-list ratio
88.1%
Rutledge, TN
9 comparable properties found
$179,000
Sold 07/11/25
- 2
- Bedrooms
- 1
- Bathrooms
- 776
- Square Feet
- 0.35
- Acres
$165,000
Sold 03/05/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- Unavailable
- Square Feet
- 2.57
- Acres
$189,000
Sold 03/20/26
- 2
- Bedrooms
- 1
- Bathrooms
- 1,032
- Square Feet
- 0.34
- Acres
$140,000
Sold 06/09/26
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- Unavailable
- Square Feet
- 17.89
- Acres
Location
$1,144 per month
$988
$157
Property information
8160 Rutledge Pike
Property Details
- Taxes: $1,882 / year
- MLS Type: Residential Income
- County: Grainger County
- Architectural Style: 2 Story, Traditional
- Zoning: Commercial
- Subdivision: Not In Subdivision
Building Information
- Stories: 2
- Year Built: 1924
- Lot Size: 0.49 AC / 21,344 SF
Summary
Location and General Information
- City: Rutledge
- County: Grainger
- Directions: Take Highway 25E North and bear right on Highway 11W South towards Rutledge. 11.5 miles to property on left.
- Latitude: 36.28
- Longitude: -83.51
- Postal Code: 37861
- State Or Province: TN
- MLS Area Major: 205 - Grainger County
- MLS Area Minor: 205 - Grainger County
- General Property Description : Zoning: Commercial
Taxes and HOA Information
- Tax Annual Amount: $1,882.00
- Association/Amenities: Cable TV
- Association: No
- Parcel Number: 049O C 010.00
- Association Fee: 0.0
- Location Tax Legal Info : Deed Book: 263
- Location Tax Legal Info : Deed Page: 1694
- Location Tax Legal Info : City Taxes: $.00
- Location Tax Legal Info : County Taxes: $1,882.00
- General Property Description : HOA Fee: $.00
School Information
- High School: Out Of Area
- Middle Or Junior School: Out Of Area
- Elementary School: Out Of Area
Parking
- Attached Garage: No
Virtual Tour
- Virtual Tour URL Unbranded: https://listings.realbird.com/tour/D3D6A6F2/502869/1-2/8160-Rutledge-Pike-Rutledge-TN-37861
Property
Lot Information
- Lot Size Dimensions: 119/IRR/88.5/210
- Lot Size Square Feet: 21,344.40
- Lot Size Acres: 0.49
- Lot Features: Level, Cleared
- Lot Size Area: .49
- Lot Size Units: Acres
- Building Area Total: 6,256.00
- Living Area Source: Tax Records
- General Property Description : Acres: .49
Property and Assessments
- Property Condition: Average
- Property Type: Multi-Family
- Year Built: 1924
- Property Sub Type: Duplex
- Property Type Label: Multi-Family
- Documents Available: Lead Paint Disclosure
- New Construction: No
- Construction : Site Built: Yes
- Info Available : Aerial: Yes
Utilities
- Utilities: Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Electric: True
Interior and Exterior Features
Interior Features
- # Fireplaces: 0
- Cooling: Central Air, Window Unit(s)
- Fireplace Features: Metal
- Foundation Details: Block
- Interior Features: Built-in Features, Eat-in Kitchen, Entrance Foyer, Laminate Counters, Smoke Detector(s), Wired for Data
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Bathrooms Total Decimal: .00
- Basement: Full, Partially Finished, Walk-Out Access
- Flooring: Vinyl, Carpet, Laminate
- Bathrooms Total Integer: 0
- Bathrooms Total Notational: .00
- Cooling: Yes
- Heating: Yes
- General Property Description : Stories: 2
- Fireplace: No
- Appliances: Electric Range, Refrigerator
Exterior Features
- Exterior Features: Balcony
- Construction Materials: Concrete, Vinyl Siding, Plaster
- Parking Features: Gravel, Parking Spaces
- Patio And Porch Features: Covered, Deck, Porch
- Roof: Metal
- Heating : Heat Pump: Electric, Central, Baseboard
- Walls : Drywall: Yes
Multi Family
Multi-Family Information
- Number Of Units Total: 7
- General Property Description : # of Units: 7.00
- General Property Description : Total Units: 7.00
Income & Expenses Information
- Income and Expenses : Gross Annual Income: 37200
- Income and Expenses : Vacancy Rate: 10
- Operating Expense Includes: Lawn Maint, Repairs and Maint, Taxes Real Estate
Unit 1
- Unit 1 : # Units: 7
- Unit 1 : # Bathrooms: 9.0
- Unit 1 : # Bedrooms: 11
- Unit 1 : SqFt: 6256
- Unit 1 : Monthly Rent: 3100
Unit 2
- Unit 2 : # Units: 0
Unit 3
- Unit 3 : # Units: 0
Unit 4
- Unit 4 : # Units: 0
Property History
8160 Rutledge Pike
| Date | Event | Price |
|---|---|---|
| Sep 30, 2020 | Closed (Public Record) Public Record #680667308 | $185,000 |
| Sep 30, 2020 | Closed Lakeway Area AOR #586492 | $185,000 |
| Sep 30, 2020 | Closed Tennessee Virginia Regional MLS #9902185 | $185,000 |
| Sep 30, 2020 | Closed KAARMLS #1101045 | $185,000 |
| Aug 20, 2020 | Contract - Not Showing Tennessee Virginia Regional MLS #9902185 | — |
| Aug 19, 2020 | Contract - Not Showing Lakeway Area AOR #586492 | — |
| Aug 19, 2020 | Contract - Not Showing KAARMLS #1101045 | — |
| Feb 18, 2020 | Listed (Active) Tennessee Virginia Regional MLS #9902185 | $199,900 |
| Feb 18, 2020 | Listed (Active) KAARMLS #1101045 | $199,900 |
| Nov 18, 2019 | Listed (Active) Lakeway Area AOR #586492 | $199,900 |
| Sep 17, 2018 | Expired KAARMLS #1034416 | — |
| Sep 17, 2018 | Expired Tennessee Virginia Regional MLS #403881 | $149,900 |
| Jun 8, 2018 | Listed (Active) KAARMLS #1034416 | $149,900 |
| Mar 19, 2018 | Listed (Active) Tennessee Virginia Regional MLS #403881 | $149,900 |
| Apr 15, 2005 | Closed (Public Record) Public Record #464752531 | $125,000 |
| Date | Event | Price |
|---|---|---|
| 09/30/2020 | Closed (Public Record) Public Record #680667308 | $185,000 +2.6% / yr |
| 09/30/2020 | Closed Lakeway Area AOR #586492 | $185,000 |
| 09/30/2020 | Closed Tennessee Virginia Regional MLS #9902185 | $185,000 |
| 09/30/2020 | Closed KAARMLS #1101045 | $185,000 |
| 08/20/2020 | Contract - Not Showing Tennessee Virginia Regional MLS #9902185 | — |
| 08/19/2020 | Contract - Not Showing Lakeway Area AOR #586492 | — |
| 08/19/2020 | Contract - Not Showing KAARMLS #1101045 | — |
| 02/18/2020 | Listed (Active) Tennessee Virginia Regional MLS #9902185 | $199,900 |
| 02/18/2020 | Listed (Active) KAARMLS #1101045 | $199,900 |
| 11/18/2019 | Listed (Active) Lakeway Area AOR #586492 | $199,900 |
| 09/17/2018 | Expired KAARMLS #1034416 | — |
| 09/17/2018 | Expired Tennessee Virginia Regional MLS #403881 | $149,900 |
| 06/08/2018 | Listed (Active) KAARMLS #1034416 | $149,900 |
| 03/19/2018 | Listed (Active) Tennessee Virginia Regional MLS #403881 | $149,900 |
| 04/15/2005 | Closed (Public Record) Public Record #464752531 | $125,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public records
8160 Rutledge Pike
Total Finished SqFt
6,256 SqFtAbove Grade Finished SqFt
6,256 SqFtUnfinished Basement SqFt
2,858 SqFtStories
2Lot Size
5,183,640 SqFtStyle
Multi-Family Res (5+ Units)Schools
Near 8160 Rutledge Pike
This home is within Grainger County School District.
- Not ratedNRRutledge Primary SchoolPublic · PK-1 · 0.3 mi · Serves this home
- Rated 6 out of 106/10Rutledge Elementary SchoolPublic · 2-6 · 1.2 mi · Serves this home
- Rated 5 out of 105/10Rutledge Middle SchoolPublic · 7-8 · 1.3 mi · Serves this home
- Rated 3 out of 103/10Grainger High SchoolPublic · 9-12 · 4.3 mi · Serves this home
- Not ratedNRGrainger AcademyPublic · 9-12 · 1.3 mi · Nearby school
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.
1Similar Homes
New listings in 37861
Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 8160 Rutledge Pike, Rutledge, TN 37861 | $185,000 | 11 | – | 6,256 | 21,344 |
– | – | 1.5 | 3,340 | 1,568,160 | |
$38,500 | 3 | 2 | 1,067 | – | |
$17,000 | – | – | – | 23,086 | |
$17,000 | – | – | – | 25,700 | |
$17,000 | – | – | – | 41,817 | |
$17,000 | – | – | – | 27,442 | |
$17,000 | – | – | – | 27,442 | |
– | – | 2.5 | 4,896 | 2,090,880 | |
$175,000 | – | 1.5 | 5,964 | 7,187,400 | |
– | – | 0.5 | 630 | 871,200 | |
– | – | 2 | 3,296 | 7,143,840 | |
– | – | 0.5 | 1,120 | 871 | |
– | – | – | 540 | 4,356,000 | |
$6,565 | – | 0.5 | 221 | 871,200 | |
– | – | – | – | 38,025 |
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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 REMAX Real Estate Ten of Morristown, Amy Shrader (423.748.8811)
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: 10/02/2023 07:32 PM