8780 Millard Lee Lane Chattanooga, TN $ 485,000
8780 Millard Lee Lane
$ 485,000
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8780 Millard Lee Lane

Chattanooga, TN, 37416
$ 485,000
Bedrooms4 Baths4.0 Sq 2,720

Monthly Estimate*

$ 3,026

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Multi-Family Home for sale in Chattanooga, TN

for $485,000 with 4 bedrooms and 4 full baths. This 2,720 square foot home was built in 1984.

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.

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Multi-Family Active

Price

$ 485,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,848

Style

Quadruplex

Year Built

1984

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

3057075

Features
General
Living Area 2720
Sewer Septic Tank
Heating Other
Cooling Electric Wall/Window Unit(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Asphalt
Construction Materials Wood Siding
Year Built 1984
Stories Count 2
Levels Three Or More
County Hamilton County TN
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name None
Status Active
Buyer Financing Other Conventional
Directions Highway 58 North towards Harrison Bay State Park left on Champion right on Blue Oak Road. Right on Millard Lee Lane.
High School Central High School
City Chattanooga
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Elementary School Harrison Elementary School
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1848
Middle/Junior High School Brown Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 3125
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Interior
Flooring Carpet Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Detached Concrete Driveway Paved
Water Source Public
Total Parking 0
Building Area Total 2720
Lot Dimensions 157.9X227.7
Waterfront Y/N N
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Internal Only
Street Number 1 8780
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* Excluded Features
List By
Greater Downtown Realty Dba Keller Williams Realty

Broker

wade@trammellgroupkw.com

Email

Affordability Calculator

$3,180
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,026
Monthly Property Taxes
$154
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4313825 Elementary School
3575055 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$485,000 Listed Price

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8780 Millard Lee Lane, Chattanooga, TN, 37416 is a Multi-Family Home for sale at $485,000 with 2,720 sqft. 8780 Millard Lee Lane has 4 bedrooms, 4.0 baths, and was built in 1984. The property's zip code is 37416 which is in Chattanooga, TN