7437 Private Lane, Ooltewah, TN 37363 (MLS # 1541265)

Price $1,700,000
Status Active
Beds 22
Baths 16 Baths
Home size 10,136 sqft
Lot Size 1.40 ac
Days on Market 9

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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This site was last updated on 8/28/26 11:22 AM PDT

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