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
$425,000
197 Wedgewood Ln, Spring City, TN 37381
12beds
4baths
4,520sqft
Multi Family
Built in 1982
-- sqft lot
$-- Zestimate®
$94/sqft
$-- HOA
What's special
- 154 days
- 140
- 12
Zillow last checked:
Listing updated:
Listed by:
Jennifer Scates 404-403-9855,
Wallace-Jennifer Scates Group 865-474-9874,
Kristen Mcallister,
Wallace-Jennifer Scates Group
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2931920
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Central, Electric, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Flooring: Carpet, Laminate, Tile
Interior area
- Total structure area: 4,520
- Total interior livable area: 4,520 sqft
Property
Lot
- Size: 9,384 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, Natural Gas Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Spring City
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $196,400
- Annual tax amount: $992
- Date on market: 4/14/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Price change | $425,000-4.5%$94/sqft |
Source: | ||
| 8/12/2025 | Price change | $445,000-6.3%$98/sqft |
Source: | ||
| 7/9/2025 | Listed for sale | $475,000+375%$105/sqft |
Source: | ||
| 8/31/1995 | Sold | $100,000$22/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $662 | $49,100 |
| 2024 | $662 +16.1% | $49,100 +94.1% |
| 2023 | $570 | $25,300 |
| 2022 | $570 | $25,300 |
| 2021 | $570 | $25,300 |
| 2020 | $570 | $25,300 |
| 2019 | $570 -10.5% | $25,300 -12.8% |
| 2018 | $638 -0.1% | $29,025 |
| 2017 | $638 | $29,025 |
| 2016 | $638 | $29,025 |
| 2015 | $638 +4.8% | $29,025 |
| 2014 | $609 | $29,025 |
| 2013 | $609 +16.6% | $29,025 -2.8% |
| 2011 | $522 | $29,850 |
| 2010 | $522 | $29,850 |
| 2009 | -- | $29,850 |
| 2008 | -- | $29,850 +12.1% |
| 2007 | $533 +12.3% | $26,625 +12.3% |
| 2006 | $474 | $23,700 |
| 2005 | $474 -4.8% | $23,700 |
| 2004 | $498 +16.2% | $23,700 +16.2% |
| 2003 | $428 | $20,400 -1.5% |
| 2001 | -- | $20,710 -75% |
| 2000 | -- | $82,840 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37381
Nearby schools
Schools provided by the listing agent
- Elementary: Spring City Elementary
- Middle: Spring City Middle School
- High: Rhea County High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

