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Sold for $350,000
  • $350,000

    8780 Millard Lee Ln, Chattanooga, TN 37416

    4beds
    2,720sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $350,100 Zestimate®
    $129/sqft
    $1,750 Estimated rent

    Home value

    $350,100

    $333,000 - $368,000

    $1,750/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Wade Trammell 423-718-4815,

    Keller Williams Realty

    Bought with:

    Yulian Paramo, 403913

    Keller Williams Realty Greater Dalton

    Source: Greater Chattanooga Realtors,MLS#: 1524663

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Electric, Window Unit(s)
    Appliances
    • Included: Electric Range, Electric Water Heater, Refrigerator
    • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
    Features
    • Tub/shower Combo
    • Flooring: Carpet, Laminate
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,720
    • Total interior livable area: 2,720 sqft
    • Finished area above ground: 2,720

    Property

    Parking
    • Parking features: Concrete, Driveway, Off Street, Paved
    Features
    • Levels: One and One Half
    • Patio & porch: Deck, Patio
    Lot
    • Size: 0.82 Acres
    • Dimensions: 157.9 x 227.7
    Details
    • Parcel number: 120c A 006.09

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding
    • Foundation: Block, Permanent
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Chattanooga

    Financial & listing details

    • Price per square foot: $129/sqft
    • Annual tax amount: $1,848
    • Date on market: 12/3/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/1/2026Sold$350,000-12.5%$129/sqft
    Source: Greater Chattanooga Realtors #1524663 Report a problem
    3/4/2026Contingent$400,000$147/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3057075 Report a problem
    2/20/2026Price change$400,000-8%$147/sqft
    Source: Greater Chattanooga Realtors #1524663 Report a problem
    2/2/2026Price change$435,000-3.3%$160/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3057075 Report a problem
    1/6/2026Price change$450,000-5.3%$165/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3057075 Report a problem
    12/17/2025Price change$475,000-2.1%$175/sqft
    Source: Greater Chattanooga Realtors #1524663 Report a problem
    12/1/2025Price change$485,000-3%$178/sqft
    Source: Greater Chattanooga Realtors #1524663 Report a problem
    6/3/2025Listed for sale$500,000$184/sqft
    Source: Greater Chattanooga Realtors #1514033 Report a problem
    12/18/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/15/2023Listed for rent$1,000+5.3%
    Source: Zillow Rentals Report a problem
    8/22/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/11/2023Listed for rent$950+35.7%
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    11/25/2019Listing removed$700
    Source: Owner Report a problem
    10/25/2019Listed for rent$700
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37416

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harrison Elementary
    • Middle: Brown Middle
    • High: Central High School

    Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $350,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $350,100