1. Tennessee
  2. Chattanooga
  3. 8780 Millard Lee Lane
$500,000

8780 Millard Lee Lane, Chattanooga, TN 37416

  • 2,720 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon0.82acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $184/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 find for investors seeking consistent income, low vacancy, and future upside potential—all on a spacious lot with favorable zoning. Don't miss your chance to invest in a stable, cash-flowing asset with growth potential. DO NOT DISTURB TENANTS. Information deemed reliable, but not guaranteed. BUYER to verify any and all information deemed important.

Listing Status:
Active
Date Added:
June 3, 2025 at 05:00AM
Listing Office:
EXP Realty, LLC : 423-486-1900
MLS ID:
1514033
  • General: Tub/shower Combo
  • Appliances: RefrigeratorElectric Water HeaterElectric Range
  • Laundry: Electric Dryer HookupIn UnitWasher Hookup
  • Flooring: CarpetLaminate
  • A/C: ElectricWindow Unit(s)
  • Heating: Forced Air

This listing courtesy of EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Harrison Elementary School

5637 Highway 58, Harrison, TN, 37341

Grades PK-5

1.67 miles away

B

Brown Middle School

5716 Highway 58, Harrison, TN, 37341

Grades 6-8

1.70 miles away

C

Central High School

5728 Highway 58, Harrison, TN, 37341

Grades 9-12

1.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.