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146 Lancaster Rd, Oak Ridge, 37830
Priced At: $450,000
Property Details for ID: 1355827
SqFt: 2,712
Price SqFt: $166
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Pending - Continue to Show - Inspection
Property Type: MultiFamily
On Market Date: 2026-09-17T17:22:27Z
Public Remarks: WELL LOCATED 4PLEX IN OAK RIDGE - CORNER LOT - TENANTS PAY ALL UTILITIES Investment opportunity featuring four 2-bedroom, 1-bath units. Tenants pay all utilities, and each unit offers washer/dryer hookups, a rear porch, and access to a gated yard. Three units are currently rented, with two tenants month-to-month and one on a lease. Unit 146 was remodeled in June 2024 with new cabinets, LVP flooring, and updated bathroom fixtures, while the vacant unit is ready for a full rehab. The roof was replaced in June 2020. Conveniently located just 7 minutes from Walmart, Chick-fil-A, and other everyday amenities, with easy access to Oak Ridge National Laboratory and Y-12, approximately 15 minutes away. A strong location for attracting tenants and an excellent opportunity to add value through renovations. No sign on property. We respectfully ask that you do not disturb the residents.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 2,712
Exterior Features
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Financing
Annual Operating Expenses: 7,167
Net Operating Income: 22,437
HOA Information
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Up Coming Open Houses
Directions
Take I-40 W and take Exit 376 toward Oak Ridge. Merge onto Pellissippi Pkwy. After 4.6 miles, veer right onto TN-62 W and continue for 6.3 miles. Turn left onto Oak Ridge Turnpike and follow for 1.3 miles. Turn right onto Louisiana Ave. After 0.2 miles, turn right onto Lancaster Rd. The 4-plex will be on your left. No sign on property. Please don't disturb residents.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
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Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!