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197 Wedgewood Lane

Spring City, TN 37381

– beds
– baths
4,520 sqft
$105 per sqft
1982 build
– on site

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!

Listing courtesy of REALTRACS / Wallace-Jennifer Scates Group

Last checked: Checking… • Last updated Jul 10, 2025 •

MLS# 2931920 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1982
Year Built Details:

EXIST
New Construction:

false
Construction Materials:

Frame, Other
Roof:

Metal
Levels:

Three Or More
Security Features:

Smoke Detector(s)
Structure Type:

Triplex
# of Units Total:

3
Building Area Units:

Square Feet
Building Area Total:

4520
Building Area Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Carpet, Laminate, Tile
Fireplace:

false
Laundry Features:

Washer Hookup, Electric Dryer Hookup

Room Dimensions

Living Area:

4520
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

75 South To exit 368, then 68 to Spring City, take exit 60 north to Spring City, go 11 miles and turn right onto Wedgewood Lane and property is on the left. Sign on the property.
Latitude:

35.65665
Longitude:

-84.880452

The Property

Parcel Number:

042 00910 000
Property Type:

Residential Income
Lot Size Dimensions:

100 X 207.8 and 300 x 188
Lot Size Units:

Acres
View:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

992

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Central, Electric, Natural Gas
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available

Schools

Elementary School:

Spring City Elementary
Middle Or Junior School:

Spring City Middle School
High School:

Rhea County High School

The Community

Waterfront:

false
Pool Private:

false

Parking

Garage:

false
Attached Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/9/25 Jul 9, 2025	Listed / Active	REALTRACS	$475,000

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This multifamily located in TN 37381 is currently for sale for $475,000. 197 Wedgewood Lane is a 4,520 square foot multifamily with – beds and – baths that has been on Estately for 5 days.

Listing Courtesy of: REALTRACS and Wallace-Jennifer Scates Group.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.