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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.

Highlights

  • Residential Income
  • Apartment
  • Built in 1980
  • 1.4 Acre Lot
  • 83 days on Market

  • Bedrooms
    22
  • Bathrooms
    10
  • Year Built
    1980
  • Stories
    2.0
  • Construction Materials
    Other
  • Parking Features
    Off Street
  • Living Area
    10136.0
  • Cooling
    Central Air, Electric
  • Heating
    Electric, Central
  • Basement
    Crawl Space

  • Acres
    1.4
  • Lot Features
    Level
  • Water
    Public

  • Area
    County
  • County
    Hamilton
  • City
    Ooltewah
  • Neighborhood
    Lee Acres
  • Zip Code
    37363
  • High School
    Central High School
  • Middle School
    Hunter Middle
  • Elementary School
    Snow Hill Elementary

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Frequently Asked Questions

How do I schedule a tour of 7437 Private Ln?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 7437 Private Ln.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 7437 Private Ln?

Click Ask a Question to talk with our team. You already know it is a 22 bed, 10 bath, listed for $1,700,000. We can talk through recent upgrades, potential seller motivation, how this apartment compares to others in Ooltewah, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 7437 Private Ln?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 7437 Private Ln at around $10,320. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 7437 Private Ln?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hamilton County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 7437 Private Ln?

In most cases, yes. Whether 7437 Private Ln is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Ooltewah's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 7437 Private Ln?

We can handle that for you. Our preferred local agent specializes in residential incomes in Ooltewah and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,700,000 with 10,136 sqft of space—that comes out to approximately $168 per square foot.

How long has this property been on the market?

7437 Private Ln was listed on August 21, 2026, which means it's been on the market for 83 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1980, making it approximately 46 years old.

What is the lot size of this property?

7437 Private Ln sits on a 1.4-acre lot, which is 60,984 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Snow Hill Elementary
  • Middle: Hunter Middle
  • High: Central High School

Want to see how these schools compare? Check out our Hamilton County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 7437 Private Ln?

The most recent public record shows annual property taxes for 7437 Private Ln were approximately $7,747. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 7437 Private Ln still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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