721 & 715 Ladd Avenue, Chattanooga, TN 37405 (MLS# 1538949)

721 & 715 Ladd Avenue, Chattanooga, TN 37405

$1,250,000
Property Type: Residential Income Bedrooms: 12 Baths: 12 Square Footage: 5,648 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $1,250,000 List Date: 7/17/2026 Last Modified: 7/17/2026

Overview

Description

Turnkey four-unit investment opportunity in North Chattanooga. 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 ma ...

Listing Details MLS# 1538949

General Property Information

Number Of Units Total
4
Stories
2
Bathrooms Total
12
Living Area
5648
Living Area Source
Tax Records
Enhanced Accessible
No
Year Built
2016
ADU YN
No
STVR YN
No
New Construction YN
No
Home Warranty YN
No
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Carport YN
No
Lot Size Acres
0.16
Lot Size Square Feet
6969.6
Lot Size Dimensions
50 X 140
Association YN
No
View YN
No
Waterfront YN
No
Basement YN
No
Fireplace YN
No
Senior Community YN
No
List Price/SqFt
221.32

Property Features

Appliances: Dishwasher; Free-Standing Electric Oven; Free-Standing Electric Range; Free-Standing Refrigerator; Microwave; Washer/Dryer Basement: Crawl Space Construction Materials: Fiber Cement Cooling: Central Air; Electric Flooring: Hardwood; Tile Heating: Central; Electric Interior Features: Open Floorplan Levels: Two Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Gentle Sloping Parking Features: Garage; Kitchen Level; Off Street Patio And Porch Features: Deck; Patio Possession: Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Structure Type: Duplex Utilities: Sewer Connected Water Source: Public Lock Box Type: None Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN
No
Listing Contract Date
2026-07-17
Equitable Ownership Interest Listing
No
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
721 & 715
Street Name
Ladd
Street Suffix
Avenue
County
Hamilton
State
TN
Postal Code
37405
Subdivision Name
Valhambrosia
MLS Area Major
Chattanooga

Remarks and Miscellaneous

Public Remarks
Turnkey four-unit investment opportunity in North Chattanooga. 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.
Bedrooms Total
12
Directions
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.

Status Change Information

Major Change Timestamp
2026-07-17T17:00:42Z
Major Change Type
New Listing
Status Change Timestamp
2026-07-17

More Information

Unit 1

Unit Number
721
Actual Rent
1995
Unit SqFt
1412
Total Full Baths
2
Total Half Baths
Yes
Baths Total (Legacy)
3
Efficiency
Yes
Furnished
Unfurnished
Den
No
Kitchen
Yes
Living Room
Yes
Separate Dining
No
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Leased until 5/3/27

Unit 2

Unit Number
723
Actual Rent
2024
Unit SqFt
1412
Total Full Baths
2
Total Half Baths
Yes
Baths Total (Legacy)
3
Efficiency
Yes
Furnished
Unfurnished
Den
No
Kitchen
Yes
Living Room
Yes
Separate Dining
No
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Leased until 6/18/27

Unit 3

Unit Number
715
Actual Rent
1950
Unit SqFt
1412
Total Full Baths
2
Total Half Baths
Yes
Baths Total (Legacy)
3
Efficiency
Yes
Furnished
Unfurnished
Den
Yes
Kitchen
Yes
Living Room
Yes
Separate Dining
No
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Leased until 1/31/2027

Unit 4

Unit Number
717
Actual Rent
2195
Unit SqFt
1412
Total Full Baths
2
Total Half Baths
Yes
Baths Total (Legacy)
3
Efficiency
Yes
Furnished
Unfurnished
Den
Yes
Kitchen
Yes
Living Room
Yes
Separate Dining
No
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Leased until 3/18/2027

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
362043
Listing Office’s State of Licensure
TN
Listing Office’s License Number
259794

Location, Tax, and Legal

Parcel Number
126o E 032.01
Office Exclusive
No
Elementary School
Red Bank Elementary
Middle Or Junior School
Red Bank Middle
High School
Red Bank High School
Tax Annual Amount
13231.48
Tax Legal Description
Lt 36 Valhambrosia Pb 4 Pg 17&18 Ou T Of 126O-E-032 For 2016 & Lt 37 Valhambrosia Pb 4 Pg 17&18 Ou T Of 126O-E-032.01
Deed Book
12952
Deed Page
513

Appliances

Dishwasher
Yes
Free-Standing Electric Oven
Yes
Free-Standing Electric Range
Yes
Free-Standing Refrigerator
Yes
Microwave
Yes
Washer/Dryer
Yes

Basement

Crawl Space
Yes

Construction Materials

Fiber Cement
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Gentle Sloping
Yes

Possession

Subject To Tenant Rights
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Connected
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Electric
Yes

Parking Features

Garage
Yes
Kitchen Level
Yes
Off Street
Yes

Structure Type

Duplex
Yes

Levels

Two
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes

Flooring

Hardwood
Yes
Tile
Yes

Heating

Central
Yes
Electric
Yes

Interior Features

Open Floorplan
Yes

Roof

Shingle
Yes

Lock Box Type

None
Yes

Documents

TN Prop Cond Disc or Exempt
Yes

Documents

Listing Office: Keller Williams Realty
Last Updated: July - 17 - 2026
Information deemed reliable but not guaranteed.
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