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721715 Ladd AvenueChattanooga, TN 37405

Valhambrosia · Hamilton County

$1,200,000List price
5,648Sq Ft
2016Year built
2Garage
2Stories
5 weeks agoOn market

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 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.

Property Information

Property type
Residential Income
Sub-type
Quadruplex
Structure type
Quadruplex
Year built
2016
Stories
2
Living area
5,648 Sq Ft
Lot dimensions
50 X 140
Garage spaces
2
Parking spaces
2
Days on market
35
MLS® Listing#
3512784

Property Features

Cooling
Central Air · Electric
Heating
Central · Electric
Flooring
Wood · Tile
Parking
Attached
Construction
Fiber Cement
Roof
Other
Utilities
Electricity Available · Water Available
Sewer
Public Sewer
Water source
Public

Schools

Elementary
Red Bank Elementary School
Middle
Red Bank Middle School
High
Red Bank High School

Financial Details

HOA
None
Annual taxes
$13,231
Parcel number
126O E 032.01

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.

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Listing Courtesy: Greater Downtown Realty dba Keller Williams Realty - 2244567423

Based on information submitted to the MLS GRID as of 2026-07-17T00:00:00.000Z . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-07-17T00:00:00.000Z

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Chattanooga Market Statistics

How this home compares to 1,812 active listings in Chattanooga, TN

Chattanooga medianThis listing
Median listing price$360,493$1,200,000
Median days on market6435
Median Sq Ft1,7665,648
Median price / Sq Ft$213$212

Market statistics compiled from active EXIT Realty® and MLS listings in Chattanooga, TN.

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Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
721 & 715 Ladd Avenue, Chattanooga, TN$1,200,00012125,648
Listings courtesy of Greater Chattanooga Association of Realtors. This IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.