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8780 Millard Lee Lane, Chattanooga, TN 37416

$350,000
: 2,720
SqFt

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Sold Price: $350,000
List Price: $400,000
Closing Date: Apr 01, 2026
MLS#: 1524663
Sq. Ft: 2,720
Acres: 0.82
Year Built: 1984

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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.

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Additional Information

Exterior: Wood Siding
Interior: Tub/shower Combo
Roof: Asphalt, Shingle
Floors: Carpet, Laminate
Foundation: Block, Permanent
Appliances: Electric Range, Electric Water Heater, Refrigerator
Cooling: Electric, Window Unit(s)
Heating: Forced Air
Elementary School: Harrison Elementary
Middle School: Brown Middle
High School: Central High School
Financing Available: Cash, Conventional