Homes for sale - 8740 Millard Lee Lane, Chattanooga, TN 37416

David Albanese

Broker | License ID: 02121557

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Listed by Charles Jabaley • Greater Chattanooga Realty, Keller Williams Realty

$ 305,000

Est. payment | -/mo

1,834 SqFt

$ 305,000

Est. payment | -/mo

1,834 SqFt

Key Details

Sold Price $305,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,834 sqft

Price per Sqft $166

Subdivision Innwood Village

MLS Listing ID 2812775

Sold Date 04/25/25

HOA Y/N No

Year Built 1981

Annual Tax Amount $1,226

Lot Dimensions 103X175

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.

Location

State TN

County Hamilton County

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Vinyl, Other

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available

View Y/N false

Roof Type Other

Private Pool false

Building

Story 1

Sewer Septic Tank

Water Public

Structure Type Other,Brick

New Construction false

Schools

Elementary Schools Harrison Elementary School

Middle Schools Brown Middle School

High Schools Central High School

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8740 Millard Lee Lane