197 Wedgewood Lane, Spring City, TN 37381
Listing provided by: Jennifer Scates · Wallace Jennifer Scates Group
Source: East Tennessee REALTORS® MLS · MLS# 1307644
Listing last updated
About this home
Unique Investment Opportunity in the Heart of Spring City! 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!
Facts & features
- Bathrooms: 0
- Heating: Central, Natural Gas, Electric
- Cooling: Central Cooling
- Included: Range, Refrigerator
- Features: Walk-In Closet(s), Kitchen Island, Pantry
- Flooring: Laminate, Carpet, Tile
- Total interior livable area: 4,520 sqft
- Parking features: On Premise Parking
- Attached garage: No
- Dimensions: 100 X 207.8 and 300 x 188
- Exterior features: Windows - Vinyl
- Patio & porch: Porch - Covered, Patio
- Parcel number: 042 009.10
- Home type: Multi-Family
- Materials: Frame, Other
- Year built: 1982
- Security: Smoke Detector
- County: Rhea County - 42
- MLS area: Rhea County - 42
- Region: Spring City
- Price: $425,000
- Price per square foot: $94/sqft
- Annual tax: $992.43
- Listing terms: VA Loan, New Loan, FHA, Cash, Conventional
- Date on market: Jul 9, 2025
- Days on market: 408
- Status: Active
- MLS #: 1307644
Location
LMH Venture Group LLC d/b/a ListMyHomes.com™ acts only as a neutral facilitator — we don't represent buyers or sellers or show homes ourselves. We connect you with a licensed local agent to tour or make an offer. You pay us nothing to be connected; if a transaction results, ListMyHomes.com™ may receive a referral fee from the agent's brokerage — never from you.
