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!
Active
$475,000
197 Wedgewood Ln, Spring City, TN 37381
6beds
2baths
4,520sqft
Est.:
Multi Family
Built in 1982
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
- 31 days
- on Zillow |
- 241 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 10:38pm
Listing Provided by:
Jennifer Scates 404-403-9855,
Wallace-Jennifer Scates Group 865-474-9874
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2931920

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Central, Electric, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Flooring: Carpet, Laminate, Tile
- Has fireplace: No
Interior area
- Total structure area: 4,520
- Total interior livable area: 4,520 sqft
Property
Features
- Levels: Three Or More
Lot
- Size: 9,384.43 Square Feet
- Dimensions: 100 x 207.8 and 300 x 188
Details
- Parcel number: 042 00910 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Other
- Roof: Metal
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Spring City
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $196,400
- Annual tax amount: $992
- Date on market: 7/9/2025
- Total actual rent: 0
- Electric utility on property: Yes
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