8780 Millard Lee Ln Chattanooga, TN 37416
Property details
About 8780 Millard Lee Ln
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.
Highlights
Summary
- Appliances: Refrigerator, Electric Water Heater, Electric Range
- Basement: No
- Flooring Type: Carpet, Laminate
- Interior: Tub/shower Combo
- Attached Garage: No
- Parking: Concrete, Driveway, Off Street, Paved
- Exterior: Deck, Patio
- Heating: Forced Air
- Cooling: Electric, Window Unit(s)
- List Price: $500,000
- Price/SqFt: $183
- Annual Tax Amount: $1,839
- Tax Year: 2023
- Directions: Highway 58 North towards Harrison Bay State Park, left on Champion, right on Blue Oak Road. Right on Millard Lee Lane.
- Year Built: 1984
- Stories: 1
- Living Area: 2,720 SqFt
- Lot Size: 0.82 Acres
- MLS Number: 1514033
- MLS Name: Greater Chattanooga REALTORS®
- Office Name: EXP Realty, LLC
- Office Phone: (423) 486-1900
- Office Email: broker@austinsizemore.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 02, 2019 | Home Sold | $173,500 |
| Jul 31, 2006 | Home Sold | $164,700 |
| Jul 14, 2005 | Home Sold | $159,800 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $81,000 | $1,839 |
| 2022 | $81,000 | $1,848 |
| 2021 | $81,000 | $1,848 |
| 2020 | $57,640 | $1,848 |
| 2019 | $57,640 | $1,629 |
| 2017 | $57,640 | $1,629 |
History based on county public records data.
Nearby schools
2
Harrison Elementary School
Public District PK-5
1.7 mi
•5637 Highway 58
7
Big Ridge Elementary School
Public District KG-5
2.8 mi
•5210 Cassandra Smith Rd
4
Bess T. Shepherd Elementary School
Public District KG-5
3.7 mi
•7126 Tyner Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,145. Most Chattanooga, TN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
College Football
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Express/Express For Men
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Country
Oldies
New Country
Frequently asked questions
About 8780 Millard Lee Ln
The listing price of 8780 Millard Lee Ln property is $500,000.
The property 8780 Millard Lee Ln is a multi located in Chattanooga, Tennessee, 37416.
Active Listing: 8780 Millard Lee Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8780 Millard Lee Ln are: Harrison Elementary School (GreatSchools Rating 2/10), Big Ridge Elementary School (GreatSchools Rating 7/10), Bess T. Shepherd Elementary School (GreatSchools Rating 4/10), Brown Middle School (GreatSchools Rating 4/10), Tyner Middle Academy (GreatSchools Rating 3/10), Hixson Middle School (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 4/10), Hamilton County Virtual School (GreatSchools Rating 3/10), Tyner Academy (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,839 (source: MLS/based on county public records data).
The last sale was on July 2, 2019 for $173,500 (source: MLS/tax record).
The property 8780 Millard Lee Ln is 2,720 SqFt (source: MLS/tax record).
The year of construction for 8780 Millard Lee Ln is 1984.
This home is located at 8780 Millard Lee Ln in Chattanooga, TN and zip code 37416 in the Harrison neighborhood. This 2,720 square foot home, which was built in 1984, sits on a 0.82 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $500,000.
While more than 80 listings in Chattanooga, TN in June 2025 were sold above asking price, there were more than 117 listings sold at asking price, and more than 209 were sold below. Between May and June 2025, Chattanooga, TN real estate market has seen increase in the number of listings by 2.7%. Listings spent 34 days on the market in June 2025, and had a median list price of $337,499 during the same period.