8780 Millard Lee Lane, Chattanooga, TN 37416

Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
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8780 Millard Lee Lane,Chattanooga, TN 37416
$500,000
  • - Beds
  • - Baths
  • 2,720 sq. ft.
  • Multi-family
  • Active
Listed by:austin sizemore
Office:exp realty, llc.
MLS#:1514033
Source:TN_CAR

Price summary

  • Price:$500,000
  • Price per sq. ft.:$183.82

About this home

Fully Leased Quadroplex on Over Half an Acre | Prime Investment Opportunity Near Booker T. Washington Park Located on a quiet street just minutes from Highway 153, 8780 Millard Lee Lane presents a strong opportunity to own a fully leased quadroplex in a high-demand rental pocket of Chattanooga. Situated on over half an acre, this income-producing property features four 1-bedroom, 1-bathroom units, each with private entrances and off-street parking. The property is currently generating $3,125/month in gross rental income, with all tenants on month-to-month leases, offering built-in flexibility and ample room to increase rents. Units are in B/C condition, making this a perfect value-add play for investors looking to improve cash flow through light updates or repositioning. Just a short walk to Booker T. Washington State Park and the lake, this location offers access to outdoor amenities while remaining close to shopping, job centers, and major thoroughfares. This is a rare

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Home facts

  • Year built:1984
  • Listing Id #:1514033
  • Added:72 day(s) ago
  • Updated:July 17, 2025 at 02:28 PM

Rooms and interior

  • Living area:2,720 sq. ft.

Heating and cooling

  • Cooling:Electric, Window Unit(s)
  • Heating:Forced Air, Heating

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1984
  • Building area:2,720 sq. ft.
  • Lot area:0.82 Acres

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$183.82
  • Tax amount:$1,848

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