Income-Producing Investment Opportunity with Retail Space
Excellent investment opportunity featuring eight fully occupied one-bedroom apartments and a central retail space, all conveniently located on one level. The property is designed with four apartment units on each side of the retail space, creating an efficient layout and strong income potential.
Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors.
Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components.
Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
Active
$800,000
1242 Ladd Springs Rd SE, Cleveland, TN 37323
--beds
--baths
8,814sqft
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$91/sqft
$-- HOA
What's special
Low-maintenance livingModern finishesRenovated bathroomsFully occupied one-bedroom apartmentsLuxury vinyl plank flooring
- 9 days |
- 92 |
- 3 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tammy Johnson 423-476-5532,
Coldwell Banker Kinard Realty 423-476-5532
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3243081
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Facts & features
Interior
Features
- Flooring: Luxury Vinyl
Interior area
- Total structure area: 8,814
- Total interior livable area: 8,814 sqft
Property
Parking
- Parking features: Asphalt
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 082 00602 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- ICFs (Insulated Concrete Forms), Other
- Roof: Other
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $91/sqft
- Annual tax amount: $932
- Date on market: 6/15/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $800,000+113.3%$91/sqft |
Source: | ||
| 6/2/2020 | Listing removed | $375,000$43/sqft |
Source: Clarity Property Service #20196659 Report a problem | ||
| 11/14/2019 | Listed for sale | $375,000$43/sqft |
Source: Clarity Property Service #20196659 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37323
Nearby schools
GreatSchools rating
- 4/10Valley View Elementary SchoolGrades: PK-5Distance: 2.7 mi
- 4/10Lake Forest Middle SchoolGrades: 6-8Distance: 3.2 mi
- 4/10Bradley Central High SchoolGrades: 9-12Distance: 7.2 mi
Schools provided by the listing agent
- Elementary: Waterville Community Elementary School
- Middle: Lake Forest Middle School
- High: Bradley Central High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Bradley County
- Cleveland
- 37323
- 1242 Ladd Springs Rd SE






