8780 Millard Lee Lane, Chattanooga, TN 37416

Local realty services provided by:ERA Chappell & Associates Realty & Rental
8780 Millard Lee Lane,Chattanooga, TN 37416
$485,000
  • - Beds
  • - Baths
  • 2,720 sq. ft.
  • Multi-family
  • Active
Listed by: wade trammell, austin sizemore
Office: greater downtown realty dba keller williams realty
MLS#:3057075
Source:NASHVILLE

Price summary

  • Price:$485,000
  • Price per sq. ft.:$178.31

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 #:3057075
  • Added:1 day(s) ago
  • Updated:December 04, 2025 at 12:58 PM

Rooms and interior

  • Living area:2,720 sq. ft.

Heating and cooling

  • Cooling:Electric, Wall/Window Unit(s)
  • Heating:Heating

Structure and exterior

  • Roof:Asphalt
  • Year built:1984
  • Building area:2,720 sq. ft.

Schools

  • High school:Central High School
  • Middle school:Brown Middle School
  • Elementary school:Harrison Elementary School

Utilities

  • Water:Public, Water Available
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$485,000
  • Price per sq. ft.:$178.31
  • Tax amount:$1,848
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