Description
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.
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22BEDS
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1.4ACRES
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0BATHS
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01/2 BATHS
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10,136SQFT
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$168$/SQFT
School Information
Description
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.
7437 Private Lane Ooltewah, TN 37363
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials Other Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features Level Other Structures [] Parking Features Off Street Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type [] View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances [] Basement Crawl Space Basement YN Yes Building Area Total 10136 Cooling Central AirElectric Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating CentralElectric Heating YN Yes Interior Features [] Laundry Features [] Levels Two Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Apartment Security Features [] Senior Community YN No Sewer Septic Tank Special Listing Conditions [] Tax Annual Amount 7746.75 Utilities [] Water Source Public
Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: 423-664-1900.
