845 W Outer Drive
About This Property
This charming Oak Ridge ranch received far more than a cosmetic makeover. The renovation reached into the bones of the home with new floor joists, new electrical wiring, new plumbing, a new kitchen, and new bathrooms, along with new cabinetry, soft-close drawers, lighting, flooring, and thoughtful finishes throughout. It is the kind of work you may not notice in a photograph, but it matters when you are choosing a home to call your own.
Inside, approximately 1,400 square feet of single-level living offers 3 bedrooms and 2 full bathrooms with a bright, open layout centered around a spacious kitchen island. The updated kitchen flows naturally into the main living spaces, while the renovated bathrooms add a clean, modern feel without taking away the character that makes this home unique.
And unlike many newer homes being built on increasingly tight lots, this one gives you something harder to recreate: space. Sitting on approximately 0.52 acres, the property offers a large yard, mature surroundings, and a wooded rear view that creates privacy and room to breathe. There is space to entertain, garden, play, let the dog run, or simply enjoy having a little separation from the neighbors.
The setting feels tucked away, but the location is remarkably convenient. You are approximately 2.3 miles from Kroger and the heart of Oak Ridge, with easy access to shopping, dining, everyday conveniences, and Oak Ridge National Laboratory.
For a first-time buyer looking for something with personality instead of cookie-cutter construction, or someone ready to simplify into a comfortable ranch with main-level living, this home checks a lot of boxes.
Updated where it matters. Full of character. Half an acre to make your own. Welcome home to 845 W Outer Drive.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Listed by Keller Williams West Knoxville | $369,900 | |
| Listed by Keller Williams West Knoxville | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017