


Listing Courtesy of: East Tennessee Realtors / Wallace Jennifer Scates Group / Jennifer Scates
197 Wedgewood Lane Spring City, TN 37381
Active (5 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 Jul 13 2025 at 4:02 PM GMT+0000
East Tennessee Realtors
Last checked Jul 13 2025 at 4:02 PM GMT+0000
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 7/13/25 09:02
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!