8780 Millard Lee Ln Chattanooga, TN 37416
Estimated payment $2,787/month
Highlights
- Deck
- Window Unit Cooling System
- Patio
- No HOA
- Bathtub with Shower
- Living Room
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,848
Year Built
- Built in 1984
Lot Details
- 0.82 Acre Lot
- Lot Dimensions are 157.9x227.7
Home Design
- Quadruplex
- Permanent Foundation
- Block Foundation
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- Bathtub with Shower
- 2,720 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Electric Range
- Stove
- Microwave
Flooring
- Carpet
- Laminate
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Parking
- Parking Available
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
- Patio
Schools
- Harrison Elementary School
- Brown Middle School
- Central High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 120c A 006.09
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,812 | $81,000 | $0 | $0 |
| 2023 | $1,839 | $81,000 | $0 | $0 |
| 2022 | $1,848 | $81,000 | $0 | $0 |
| 2021 | $1,848 | $81,000 | $0 | $0 |
| 2020 | $1,630 | $57,640 | $0 | $0 |
| 2019 | $1,630 | $57,640 | $0 | $0 |
| 2018 | $1,630 | $57,640 | $0 | $0 |
| 2017 | $1,630 | $57,640 | $0 | $0 |
| 2016 | $1,630 | $0 | $0 | $0 |
| 2015 | $1,630 | $57,640 | $0 | $0 |
| 2014 | $1,630 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $485,000 | -3.0% | $178 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $500,000 | -- | $184 / Sq Ft |
Source: Greater Chattanooga REALTORS®
MLS Number: 1514033
APN: 120C-A-006.09
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