About 7437 Private Lane
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.
Features of 7437 Private Lane
| MLS® # | 1541265 |
|---|---|
| Price | $1,700,000 |
| Bedrooms | 22 |
| Bathrooms | 16.00 |
| Square Footage | 10,136 |
| Acres | 1.40 |
| Year Built | 1980 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Pending |
Community Information
| Address | 7437 Private Lane |
|---|---|
| Area | County |
| Subdivision | Lee Acres |
| City | Ooltewah |
| County | Hamilton |
| State | TN |
| Zip Code | 37363 |
Amenities
| Parking | Off Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric |
|---|---|
| Cooling | Central Air, Electric |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Crawl Space |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Shingle |
| Construction | Other |
School Information
| Elementary | Snow Hill Elementary |
|---|---|
| Middle | Hunter Middle |
| High | Central High School |
Additional Information
| Date Listed | August 21st, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |