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.
For sale
$500,000
8780 Millard Lee Ln, Chattanooga, TN 37416
4beds
2,720sqft
Est.:
Quadruplex
Built in 1984
-- sqft lot
$482,500 Zestimate®
$184/sqft
$-- HOA
What's special
- 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
Tour with a buyer’s agent
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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