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
Baths0.0 Sq 2,720

Monthly Estimate*

$ 3,026

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Studio

Multi-Family Home for sale in Chattanooga, TN

for $485,000. This 2,720 square foot home was built on a lot size of 0.82.

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

Studio

Property Type

Multi-Family

Taxes

$ 1,848

Style

Lot Size

0.82

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1524663

Features
Interior
Interior Amenities Tub/shower Combo
Flooring Carpet Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2720.0
Laundry Features Electric Dryer Hookup In Unit Washer Hookup
Total Baths 0
Heating-Forced Air True
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General
Sewer Septic Tank
Heating Forced Air
Cooling Electric Window Unit(s)
Possession Close Of Escrow
Roof Asphalt Shingle
Appliances Refrigerator Electric Water Heater Electric Range
Patio/Porch Features Deck Patio
Construction Materials Wood Siding
Year Built 1984
Stories Count 1
Levels One and One Half
Property Subtype Quadruplex
County Hamilton
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
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
MLS Area Chattanooga
Lot Size Units Acres
Lot Size Square Feet 35719.2
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Harrison Elementary
Land Lease Y/N N
Tax Annual Amount 1848.21
Home Warranty Y/N N
Current Financing Conventional Other
Middle/Junior High School Brown Middle
Lease Renewal Y/N N
MLS Area Minor Chattanooga
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Legal Description Lt 6 Innwood Village Sub Unit 1 35- 248 Rev 36-250
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Exterior
Parking Features Concrete Driveway Off Street Paved
Water Source Public
Lot Size Area 0.82
Foundation Details Block Permanent
Spa N
Building Area Total 2720.0
Lot Dimensions 157.9X227.7
Lot Size Acres 0.82
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8780
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* Excluded Features
List By
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
1547876 Elementary School
1547369 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$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 and a lot size of 0.82. 8780 Millard Lee Lane is a studio with 0.0 baths. The property's zip code is 37416 which is in Chattanooga, TN