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

7437 Private Lane, Ooltewah, TN 37363

$1,700,000

Property Type: Residential Income Bedrooms: 22 Baths: 16 Square Footage: 10,136 Lot Size (sq. ft.): 60,984 Status: Contingent

Current Price: $1,700,000 List Date: 8/21/2026 Last Modified: 9/08/2026

Overview

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.

Listing Details MLS# 1541265

General Property Information

Number Of Units Total: 16
Stories: 2
Bathrooms Total: 16
Living Area: 10136
Living Area Source: Tax Records
Enhanced Accessible: No
Year Built: 1980
ADU YN: No
STVR YN: No
New Construction YN: No
Home Warranty YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 1.4
Lot Size Square Feet: 60984
Lot Size Dimensions: 200X329
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 167.72

Property Features

Basement: Crawl Space Construction Materials: Other Cooling: Central Air; Electric Heating: Central; Electric Levels: Two Listing Terms: Cash; Conventional Lot Features: Level Owner Pays: Water Parking Features: Off Street Pets Allowed: Yes Possession: Negotiable Roof: Shingle Sewer: Septic Tank Tenant Pays: Electricity Water Source: Public Lock Box Type: None Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2026-08-19
Equitable Ownership Interest Listing: No
Property Sub Type: Apartment
Occupant Type: Tenant

Location Tax and Legal

Street Number: 7437
Street Name: Private
Street Suffix: Lane
County: Hamilton
State: TN
Postal Code: 37363
Subdivision Name: Lee Acres
MLS Area Major: County

Remarks and Miscellaneous

Public Remarks: 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.
Bedrooms Total: 22
Directions: N Hwy 58, Pass Sims, L Private--apartments on the corner of Private and Hwy 58

Status Change Information

Major Change Timestamp: 2026-09-08T13:50:49Z
Major Change Type: Status Change
Status Change Timestamp: 2026-09-08
Under Contract Date: 2026-09-04

More Information

Unit 1

Unit Number: Yes
Actual Rent: 995
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 2

Unit Number: 2
Actual Rent: 899
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 3

Unit Number: 3
Actual Rent: 1100
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 4

Unit Number: 4
Actual Rent: 1350
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Notice Given

Unit 5

Unit Number: 5
Actual Rent: 1100
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 6

Unit Number: 6
Actual Rent: 905
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: Yes
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 7

Unit Number: 7
Actual Rent: 875
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 8

Unit Number: 8
Actual Rent: 1100
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 9

Unit Number: 9
Actual Rent: 850
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 10

Unit Number: 10
Actual Rent: 899
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 11

Unit Number: 11
Actual Rent: 1225
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 12

Unit Number: 12
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Vacant

Unit 13

Unit Number: 13
Actual Rent: 849
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 14

Unit Number: 14
Actual Rent: 899
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 15

Unit Number: 15
Actual Rent: 1024
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Unfurnished
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

Unit 16

Unit Number: 16
Actual Rent: 1200
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Occupied

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 370142
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 259794

Documents

TN Prop Cond Disc or Exempt ›

Listing Office: Keller Williams Realty

Last Updated: September - 08 - 2026

Information deemed reliable but not guaranteed.