


Listing Courtesy of: East Tennessee Realtors / Wallace Jennifer Scates Group / Jennifer Scates
197 Wedgewood Lane Spring City, TN 37381
Active (27 Days)
$475,000
4,520
SQFT
Description
MLS #:
1307644
1307644
Taxes
$992
$992
Type
Multifamily
Multifamily
Year Built
1982
1982
County
Rhea County
Rhea County
Listed By
Jennifer Scates, Wallace Jennifer Scates Group
Source
East Tennessee Realtors
Last checked Aug 4 2025 at 1:33 PM EDT
East Tennessee Realtors
Last checked Aug 4 2025 at 1:33 PM EDT
Bathroom Details
Interior Features
- Interior Features : Walk-In Closet(s)
- Interior Features : Kitchen Island
- Interior Features : Pantry
- Appliances : Range
- Appliances : Refrigerator
Heating and Cooling
- Central
- Natural Gas
- Electric
- Central Cooling
Flooring
- Laminate
- Carpet
- Tile
Exterior Features
- Roof: Metal
School Information
- Elementary School: Spring City
- Middle School: Spring City
- High School: Rhea County
Parking
- On Premise Parking
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Wallace and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 East Tennessee Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 8/4/25 06:33
Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities.
Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard.
Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income.
Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel.
Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind!
Don't miss your chance to make this unique property yours. Call today to schedule your showing!