8740 Millard Lee Lane, Chattanooga, Tennessee 37416

TN, Chattanooga
$305,000
  • Closed Status
  • 44 Days Off Market Sorry Charlie 🙁
  • Residential Income Property Type
  • 1834 Total Sqft $166/sqft
  • 1981 Year Built

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Property Description

Welcome to 8740 Millard Lee Ln, a rare opportunity to own a fully updated duplex in a convenient location with cheap, county-only taxes! Situated on a quiet street, this property is just a short walk to Booker T. Washington State Park and the lake, offering easy access to outdoor recreation, and just minutes to Highway 153. This duplex features two identical 2-bed, 1-bath units, making it perfect for house hacking—live in one side and rent the other—or renting out both units for strong cash flow! Both units have excellent rental history – the right side rented consistently for $1,295 per month, while the left side was rented to a family member at a discounted rate of $950 per month but can easily achieve $1,295 or more. Both units are now vacant, allowing a new owner the flexibility to move in or choose their own tenants and lease immediately. The property has been fully renovated with new LVP flooring throughout, fresh interior and exterior paint, and a new roof installed in 2022. A brand-new septic system and field lines were installed in 2023, and the left unit had a brand-new water heater and expansion tank added in 2025. Both units feature newer stainless steel Whirlpool appliances and modern butcher block countertops, and the right unit features new cabinets. New energy-efficient windows and new sliding glass doors were installed throughout both units, which makes utility bills cheaper. The bathrooms have been renovated with updated shower/tubs, fixtures, lighting, and vanities. The left unit also has a newer interior and exterior HVAC system installed in 2021. The bedrooms and kitchens are spacious, and each kitchen boasts a pantry for added storage. Sitting on nearly half an acre, this property boasts a massive, level, and private backyard, offering plenty of space for outdoor activities. Each unit includes a private laundry area with hookups located in attached storage sheds, providing extra convenience and additional storage.

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 2812775
  • Price: $305,000
  • Square Footage: 1,834 Sqft
  • Year Built: 1981
  • Office Name: Greater Chattanooga Realty, Keller Williams Realty
  • Agent Name: Charles Jabaley
  • Property Attached: Yes
  • Roof: Other
  • Listing Status: Closed
Location Info
  • Street Number: 8740
  • Street: Millard Lee Lane
  • City Chattanooga
  • State TN
  • Zipcode 37416
  • County Hamilton County, TN
  • Subdivision Innwood Village
  • Directions: Highway 58 North towards Harrison Bay State Park, left on Champion, right on Blue Oak Road. Right on Millard Lee Lane. House is on right
Features
  • Heating System Central, Electric
  • Cooling System Central Air, Electric
  • Parking Driveway, Detached
  • Utilities Electricity Available, Water Available
  • Flooring Vinyl, Other
  • Sewer Septic Tank
Schools
  • Elementary School: Harrison Elementary School
  • Middle School: Brown Middle School
  • High School: Central High School
Additional Info
  • Water Source: Public
  • Building Size: 1,834
  • Construction Materials: Other, Brick
  • Levels: Three Or More
  • Lot Size Dimensions: 103X175
  • Number Of Units Total: 2
  • Previous Price: $305,000
  • Stories: 1
Financial
  • Annual Tax Amount: $1,226
Listing Data
  • Mls Status: Closed
  • Originating System Name: RealTracs
  • Special Listing Conditions: Owner Agent
  • Modification Timestamp: Apr 25th, 2025 @ 3:09pm
  • Status Change Timestamp: Apr 25th, 2025 @ 3:07pm

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