8780 Millard Lee Lane
Chattanooga, TN 37416
Map
- – beds
- – baths
- 2,720 sqft
- ~3/4 acre lot
- $183 per sqft
- 1984 build
- – on site
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.
Last checked:
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Last updated Jun 3, 2025
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MLS# 1514033 —
The Building
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Year Built:1984
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New Construction:false
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Builder Name:None
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Construction Materials:Wood Siding
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Levels:One and One Half
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Stories:1
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Stories Total:None
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Roof:Asphalt, Shingle
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Basement:false
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Foundation Details:Block, Permanent
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Patio And Porch Features:Deck, Patio
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Building Area Total:2720.0
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Above Grade Finished Area:2720.0
Interior
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Interior Features:Tub/shower Combo
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Furnished:None
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Flooring:Carpet, Laminate
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Fireplace:false
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Laundry Features:Electric Dryer Hookup, In Unit, Washer Hookup
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Zoning Description:None
Room Dimensions
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Living Area:2720.0
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Living Area Units:None
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Living Area Source:Tax Records
Location
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Directions:Highway 58 North towards Harrison Bay State Park, left on Champion, right on Blue Oak Road. Right on Millard Lee Lane.
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Latitude:35.109392
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Longitude:-85.169277
The Property
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Parcel Number:120c A 006.09
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Direction Faces:None
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Possible Use:None
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Lot Size Acres:0.82
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Lot Size Area:0.82
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Lot Size Dimensions:157.9X227.7
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Lot Size SqFt:35719.2
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Lot Size Units:Acres
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Lot Size Source:None
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Additional Parcels:false
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Zoning:None
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Topography:None
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View:false
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Pool Private:No
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Waterfront:false
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Road Frontage Type:City Street
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (423) 710-4235
- Office phone:
- (423) 486-1900
Taxes
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Tax Legal Description:LT 6 INNWOOD VILLAGE SUB UNIT 1 35- 248 REV 36-250
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Tax Annual Amount:1848.21
Baths
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Electric, Window Unit(s)
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Cooling:true
Utilities
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Water Source:Public
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Sewer:Septic Tank
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:Refrigerator, Electric Water Heater, Electric Range
Schools
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Elementary School:Harrison Elementary
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Elementary School District:None
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Middle Or Junior School:Brown Middle
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Middle Or Junior School District:None
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High School:Central High School
The Community
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Subdivision Name:None
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Senior Community:false
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Concrete, Driveway, Off Street, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/3/25
Jun 3, 2025
|
Listed / Active | CHTMLS | $500,000 |
