721 & 715 Ladd AVE Chattanooga, TN 37405
12 Beds
12 Baths
5,648 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,648 sqft
Price per Sqft $221
Subdivision Valhambrosia
MLS Listing ID 1538949
Bedrooms 12
Year Built 2016
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50 X 140
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
Exceptional opportunity to own four fully leased townhome-style units in one of North Chattanooga's most desirable rental markets. Built in 2016, this well-maintained investment includes 715, 717, 721, and 723 Ladd Ave, offering modern construction, low-maintenance ownership, and immediate rental income.
Each of the four units features 3 bedrooms, 2.5 bathrooms, a one-car garage, and a private deck, providing spacious, contemporary living that continues to attract quality tenants.
All four units are currently leased, creating stable rental income:
• 715 Ladd Ave: $1,950/month through 1/31/2027
• 717 Ladd Ave: $2,195/month through 3/18/2027
• 721 Ladd Ave: $1,995/month through 5/3/2027
• 723 Ladd Ave: $2,024/month through 6/18/2027
The property is currently generating $8,164 in monthly rental income, with a compelling value-add opportunity for the next owner. As existing leases expire, comparable market rents of approximately $2,400 per unit present the potential to increase gross monthly rental income to roughly $9,600, making this an attractive investment with both immediate income and future upside.
Ideally located just minutes from downtown Chattanooga, the property benefits from consistently strong rental demand thanks to its proximity to restaurants, shopping, entertainment, major employers, hospitals, and the area's renowned outdoor recreation.
Whether you're looking to expand your portfolio or complete a 1031 exchange, this rare four-door investment offers scale, stability, and long-term appreciation potential in one of Chattanooga's most desirable rental markets.
Please do not disturb tenants. Showings are by appointment only. Contact the Listing Agent for additional information or to schedule a showing.
Location
State TN
County Hamilton
Area 0.16
Rooms
Basement Crawl Space
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air, Electric
Flooring Hardwood, Tile
Fireplace No
Appliance Washer/Dryer, Microwave, Free-Standing Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven, Dishwasher
Heat Source Central, Electric
Exterior
Parking Features Garage, Kitchen Level, Off Street
Garage Spaces 2.0
Garage Description Attached, Garage, Kitchen Level, Off Street
Utilities Available Sewer Connected
Roof Type Shingle
Porch Deck, Patio
Total Parking Spaces 2
Garage Yes
Building
Lot Description Gentle Sloping
Faces Take I-75 S, continue onto I - 24 W, Take exit 178 for Market St toward Lookout Mt, Continue onto US-27 N, Take the exit toward US-127 N/Signal Mtn., Keep left at the fork, follow signs for Red Bank, Turn left onto Signal Mountain Blvd., Turn right onto Dayton Blvd., Turn right onto E Frontage Rd., Turn right onto E Elmwood Dr., Slight left onto Whitehall Rd., Turn right onto Ladd Ave Destination will be on the right.
Story Two
Sewer Public Sewer
Water Public
Structure Type Fiber Cement
Schools
Elementary Schools Red Bank Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Senior Community No
Tax ID 126o E 032.01
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Nearby Locations