197 Wedgewood Lane
Spring City, TN, 37381 $ 425,000
Bedrooms-- Baths0.0 Sq 4,520 Monthly Estimate*
$ 2,935
for $425,000. This 4,520 square foot home was built in 1982.
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!
See more
FeaturesGeneralHeating Central Natural Gas Electric
Cooling Central Cooling
Appliances Range Refrigerator
Security Features Smoke Detector
Construction Materials Frame Other
Year Built 1982
County Rhea County - 42
Property Type Multi-Family
Attached Garage false
Status Active
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.
High School Rhea County
City Spring City
Number Of Units Total 3
MLS Area Rhea County - 42
Elementary School Spring City
Middle/Junior High School Spring City
MLS Area Minor Rhea County - 42
Standard Status Active
New Financing Cash true
New Financing FHA true
New Financing VA Loan true
New Financing Coventional true
New Financing New Loan true
See more
InteriorInterior Amenities Walk-In Closet(s) Kitchen Island Pantry
Flooring Laminate Carpet Tile
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
See more
ExteriorExterior Amenities Windows - Vinyl
Parking Features On Premise Parking
Building Area Total 4520
Lot Dimensions 100 X 207.8 and 300 x 188
See more
* Excluded FeaturesList ByJennifer ScatesListing Agent
Wallace Jennifer Scates GroupBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,935
- Monthly Property Taxes
- $83
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Spring City, TN
Average List Price $387,000
Percent of Sale Price 9%
About Spring City, TN 9,180 Population
4% Since 2002
$ 40,049 Median Income
47.8 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
2912785 Elementary School
4508052 Middle School
Rhea County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/23/2026 | $425,000 | -4.49% | Price Down |
| 8/12/2025 | $445,000 | | Listed Price |