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116 Flanders Ave #2, Harriman, TN, 37748

5beds
2baths
1,842sqft
$265,000
$144price/sqft
$1,794/moest. monthly cost
$71,760/yrincome needed

About This Home

This unique investment opportunity features TWO INCOME-PRODUCING HOMES on one lot, offering the perfect setup for both first-time and seasoned investors. With one payment and two rental incomes, this property provides strong cash-flow potential and long-term value. The property includes a charming 2-bedroom, 1-bath home and a spacious 3-bedroom, 1-bath home, both with large carport parking and situated in a peaceful country setting while still being conveniently located within walking distance to Bowers Elementary and nearby shopping. The smaller home features a brand-new deck, perfect for relaxing and enjoying the quiet surroundings. Whether you are looking to expand your investment portfolio, house hack by living in one unit and renting the other, or create the ideal primary residence with a private mother-in-law suite, this property offers endless flexibility. Both homes will convey with kitchen appliances as well as washer and dryer set, making this a truly turnkey opportunity ready for immediate occupancy or rental income. SELLER IS AGENT Unit one rent- $1,500 mo Unit two rent- $1,200 mo

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
Bowers Elementary SchoolGrades PK-50.1 mi
6/10
Harriman Middle SchoolGrades 6-81.8 mi
5/10
Harriman High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Stone,Wood Siding,Aluminum Siding,Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Tankless Water Heater,Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer

Basement

  • Basement: Walk-Out Access,Crawl Space,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Pantry,Eat-in Kitchen
  • Window features: Windows - Vinyl,Wood Frames
  • Flooring: Vinyl
  • Fireplace features: Other

Heating & Cooling

  • Heating features: Central,Natural Gas,Electric
  • Cooling features: Wall Unit(s),Central Air,Ceiling Fan(s),Window Unit(s)

Interior Area

  • Total structure area: 1,842
  • Total interior livable area: 1,842 sqft

Property

Details

  • Parcel number: 036B G 00600 000

Features

  • Has view: Yes
  • View description: Country Setting

Lot

  • Lot size: 0.36 Acres
  • Features: Rolling Slope

Parking

  • Total spaces: 2
  • Parking features: Off Street,Designated Parking,Carport
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Earthquake
Inland Flooding
Landslide
Tornado
Winter Weather

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,339$16,068
Home Insurance $159$1,908
Property Taxes $121$1,452
Electricity $175$2,103
Total$1,794$21,528

Income You'd Need if You Spent...

35% on housing$61,508/yr
40% on housing$53,820/yr
45% on housing$47,840/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$144This listing

vs Other Active Listings

Avg $/sqft

ZIP 37748$132
Roane County$166

vs Homes Sold Last Month

Median $/sqft

ZIP 37748$165
Roane County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Price change$265,000
2026-06-22Price change$289,000
2026-05-18Listed for sale$299,900

For Sale by Agent

AgentKeira Ridout
BrokerageWallace Nelson Real Estate

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