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16-unit multifamily investment opportunity in Ooltewah, Tennessee. Firefly Acres consists of two apartment buildings offering a mix of one- and two-bedroom units, with 94% occupancy and an established rental history. Units feature a combination of updates including LVT flooring, fresh paint, and washer/dryer hookups. The property provides an established income stream, with trailing 12-month total income of approximately $200,000. Additional upside exists through continued rent growth as leases renew and units turn, along with supplemental revenue from pet fees and other tenant charges. With 16 units concentrated in one location, Firefly Acres offers investors meaningful multifamily scale in the growing Ooltewah market. Financial statements, current rent roll, operating information, and additional due diligence materials are available to qualified buyers upon request. Please do not disturb tenants.
Property Type(s):
Multi Family
| Last Updated | 8/21/2026 | Tract | Lee Acres |
|---|---|---|---|
| Year Built | 1980 | Community | County |
| County | Hamilton |
SCHOOLS
| Elementary School | Snow Hill Elementary |
|---|---|
| Jr. High School | Hunter Middle |
| High School | Central High School |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | County |
| BASEMENT | Crawl Space, Yes |
| CONSTRUCTION | Other |
| HEAT | Central, Electric |
| LOT | 1.4 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 200X329 |
| PARKING | Off Street |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | Lee Acres |
| TAXES | 7746.75 |
| WATER | Public |
Location
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Listing Courtesy of Keller Williams Realty
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This site was last updated on 8/27/26 8:24 AM PDT
Copyright© 2002 by Chattanooga Association of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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