TN
Hamilton
Chattanooga
37416
8780 Millard Lee Lane
8780 Millard Lee Lane, Chattanooga, TN 37416
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Listing Type
Multi Family
Listing Status
Active
32
$450,000

Home Details for 8780 Millard Lee Lane

Price
$450,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
2720
Year built
1984
County
Hamilton
Garage
Days on site
46
MLS Listing#
3057075
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.

Property Features
  • Parking
    • Detached
    • Concrete
    • Driveway
    • Paved
  • Cooling Information
    • Electric
    • Wall/Window Unit(s)
  • Utilities
    • Electricity Available
    • Water Available
  • Heating Information
    • Other
  • Water Features
    • Public
School Information
School Information for 8780 Millard Lee Lane, Chattanooga, TN 37416
Elementary School
Harrison Elementary School
Middle School
Brown Middle School
High School
Central High School
Listing Courtesy: Greater Downtown Realty dba Keller Williams Realty - 423-664-1900
RealTracs logo Based on information submitted to the MLS GRID as of 2026-01-14 10:16:44 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-01-14 10:16:44
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EXIT ROCKY TOP REALTY LEBANON
1330 West Main Street, Lebanon, TN 37087
Judy Cox
License #: ::
Broker of Record
Office
615 443 3130
Agent
615 330 7269
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