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116 S Walker Lane, Oak Ridge, 37830
Priced At: $285,000
Listing Videos - 1
Property Details for ID: 1334296
Contact Us Schedule Showing Text Flyer Email FlyerSqFt: 1,564
Price SqFt: $182
Total Bedrooms: 3
Full Baths: 2 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2026-03-27T04:17:50Z
Public Remarks: 🏠 OWN FOR LESS THAN RENT | Historic Oak Ridge Cottage with Income Suite Discover the ultimate 'House-Hacking' opportunity in the heart of Oak Ridge. This beautifully updated 1940s cottage offers a rare dual-living layout - perfect for savvy homeowners or investors looking to offset their mortgage significantly. Main Level: Features a bright, open floor plan with 2 spacious bedrooms, a full bathroom, and a modern kitchen with stainless appliances. Original character meets fresh updates with new flooring and a neutral palette. The Income Producer / In-Law Suite: The fully equipped lower level is a total game-changer. Featuring its own Private Exterior Entrance, a Second Kitchen, a private bedroom, and a full bath. With a projected rental income of $900-$1,100/month, this space could pay nearly half your mortgage! Location & Lifestyle: A commuter's dream just minutes from ORNL, Y-12, and Methodist Medical Center. Enjoy the large fenced backyard, firepit, and 2-car carport. Don't just buy a home, buy an asset that pays you back!
Schools Information
Sorry, school information is not available for this listing.Building Description
Site Built: Yes
Year Built: 1943
Total Rooms: 5
SqFt (Total): 1,564
SqFt (Main Lvl): 782
SqFt (Down Lvl): 782
Full Baths: 2
1/2 Baths: 0
Fireplace: Yes
Bonus Room: No
Basement: Yes
Basement Type: Finished, Walkout
Exterior Features
Appliances
Room Dimensions
Master Bedroom: Bedroom 2: Bedroom 3: Bathroom: LR/DR Combination:Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 5
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
Take I-40 W toward Nashville. Take Exit 376 for TN-162 N (Pellissippi Pkwy) toward Oak Ridge. Merge onto TN-162 N, which becomes TN-170 W (Edgemoor Rd) and then TN-62 W (Illinois Ave). Continue on Illinois Ave for approximately 5 miles. Turn Right onto W Outer Dr. Proceed 0.8 miles and turn Right onto S Walker Ln. Property 116 is on the Right. Sign on Property (SOP).
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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. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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