Skip main navigation
Active
  • Price cut: $25K (8/20)
    $700,000

    1242 Ladd Springs Rd SE, Cleveland, TN 37323

    12beds
    12baths
    8,814sqft
    : 
    $4,059/mo
    Get pre-qualified
    Multi Family
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $79/sqft
    $-- HOA

    What's special

    Low-maintenance livingModern finishesRenovated bathroomsNine one-bedroom apartments
    Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, 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. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
    80 days
    144
    6

    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#: 3243081MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 12
      Heating
      • Other
      Cooling
      • Other
      Features
      • Flooring: Luxury Vinyl
      Interior area
      • Total structure area: 8,814
      • Total interior livable area: 8,814 sqft
      • Finished area above ground: 8,814

      Property

      Parking
      • Parking features: Asphalt
      Features
      • Levels: One
      • Stories: 1
      Details
      • Parcel number: 082 00602 000
      • Zoning: Commercial
      • 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)
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $79/sqft
      • Annual tax amount: $932
      • Date on market: 6/15/2026
      • Inclusions: No Furnishing
      • Total actual rent: 2575

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/20/2026Price change$700,000-3.4%$79/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3243081 Report a problem
        8/8/2026Price change$725,000-3.3%$82/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3243081 Report a problem
        7/1/2026Price change$750,000-6.3%$85/sqft
        Source: RCAR #20263102 Report a problem
        6/15/2026Listed for sale$800,000+113.3%$91/sqft
        Source: RCAR #20263102 Report a problem
        6/2/2020Listing removed$375,000$43/sqft
        Source: Clarity Property Service #20196659 Report a problem
        11/14/2019Listed 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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37323

        Getting around

        0 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        Browse local experts