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For sale
  • $500,000

    8780 Millard Lee Ln, Chattanooga, TN 37416

    4beds
    2,720sqft
    : 
    Quadruplex
    Built in 1984
    -- sqft lot
    $482,500 Zestimate®
    $184/sqft
    $-- HOA

    What's special

    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.
    20 days
    on Zillow
    |
    287
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 03, 2025 at 10:33am

    Listed by:

    Austin Sizemore 423-710-4235,

    EXP Realty, LLC 423-486-1900

    Source: Greater Chattanooga Realtors,MLS#: 1514033
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 8780 Millard Lee Ln.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Electric, Window Unit(s)
    Appliances
    • Included: Refrigerator, Electric Water Heater, Electric Range
    • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
    Features
    • Tub/shower Combo
    • Flooring: Carpet, Laminate
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,720
    • Total interior livable area: 2,720 sqft
    • Finished area above ground: 2,720

    Property

    Parking
    • Parking features: Concrete, Driveway, Off Street, Paved
    Features
    • Levels: One and One Half
    • Stories: 1
    • Patio & porch: Deck, Patio
    Lot
    • Size: 0.82 Acres
    • Dimensions: 157.9 x 227.7
    Details
    • Parcel number: 120c A 006.09

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding
    • Foundation: Block, Permanent
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Chattanooga

    Financial & listing details

    • Price per square foot: $184/sqft
    • Annual tax amount: $1,848
    • Date on market: 6/3/2025
    • Listing terms: Cash,Conventional
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