Turnkey Duplex Investment in North Chattanooga with Strong Income & Upside Potential Exceptional opportunity to own a well-maintained duplex in the highly sought-after North Chattanooga area.
Built in 2016, 721 & 723 Ladd Ave feature two spacious townhome-style units, each offering 3 bedrooms, 2.5 bathrooms, a one-car garage, and a private deck--designed for modern living and strong tenant appeal.
Both units are currently leased, providing immediate and stable income:
721 Ladd Ave: $1,995/month through 5/3/2027
723 Ladd Ave: $2,024/month through
6/18/2027
With rental rates already performing well and continued growth throughout the Chattanooga market, this property offers excellent potential for future rent increases and long-term appreciation.
Located just minutes from downtown Chattanooga, the property benefits from strong rental demand driven by convenient access to dining, shopping, entertainment, and outdoor recreation. Built in 2016, this low-maintenance investment provides modern construction and attractive amenities that appeal to today's tenants.
Additional Opportunity: The seller is also offering the neighboring duplex at 715 & 717 Ladd Ave as a separate listing. Investors seeking to expand their portfolio may consider acquiring both properties for increased scale and long-term investment potential.
Ideal for investors seeking a turnkey, income-producing asset in one of Chattanooga's most desirable rental markets.
**Please do not disturb tenants. Contact the Listing Agent to schedule a showing.**
For sale
$649,000
721 Ladd Ave, Chattanooga, TN 37405
6beds
2,824sqft
Duplex
Built in 2016
-- sqft lot
$623,800 Zestimate®
$230/sqft
$-- HOA
What's special
One-car garagePrivate deckAttractive amenitiesWell-maintained duplexTwo spacious townhome-style units
- 20 days |
- 271 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Bri Goodrich 224-456-7423,
Keller Williams Realty 423-664-1900
Source: Greater Chattanooga Realtors,MLS#: 1537284
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer/Dryer
Features
- Open Floorplan
- Flooring: Hardwood, Tile
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,824
- Total interior livable area: 2,824 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Off Street, Kitchen Level
- Attached garage spaces: 2
Features
- Levels: Two
- Patio & porch: Deck, Patio
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 140
- Features: Gentle Sloping
Details
- Parcel number: 126o E 032.02
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Fiber Cement
- Roof: Shingle
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: Valhambrosia
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $75,000
- Annual tax amount: $6,615
- Date on market: 6/22/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Zestimate®
$623,800
Estimated sales range
$593,000 - $655,000
Rent Zestimate®
$2,405/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for sale | $649,000+8.2%$230/sqft |
Source: Greater Chattanooga Realtors #1537284 Report a problem | ||
| 5/1/2026 | Listing removed | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/10/2026 | Price change | $1,995-15.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/26/2026 | Price change | $2,350-5.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2026 | Listed for rent | $2,495+31.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2026 | Listing removed | $1,895$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/14/2026 | Price change | $1,895-9.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/3/2025 | Price change | $2,095-1.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/20/2025 | Price change | $2,125-3.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/17/2025 | Listed for rent | $2,195+10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/19/2025 | Listing removed | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/15/2025 | Price change | $1,995-2.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2025 | Price change | $2,045-3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/3/2024 | Price change | $2,125-3.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Listed for rent | $2,200+20.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/6/2023 | Price change | $1,825-2.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/10/2023 | Price change | $1,875-16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2023 | Listed for rent | $2,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/7/2023 | Price change | $2,250-2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/2023 | Price change | $2,295-10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/5/2023 | Price change | $2,550-1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/26/2023 | Listed for rent | $2,595$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/5/2022 | Sold | $600,000+73.2%$212/sqft |
Source: Greater Chattanooga Realtors #1349321 Report a problem | ||
| 9/10/2018 | Sold | $346,500+0.7%$123/sqft |
Source: Greater Chattanooga Realtors #1287853 Report a problem | ||
| 11/5/2016 | Sold | $344,000$122/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $284 +5.9% | $18,750 +56.3% |
| 2024 | $268 | $12,000 |
| 2023 | $268 | $12,000 |
| 2022 | $268 | $12,000 |
| 2021 | $268 +253.1% | $12,000 +336.4% |
| 2020 | $76 | $2,750 |
| 2019 | $76 | $2,750 |
| 2018 | $76 -45.2% | $2,750 |
| 2017 | $139 -0.6% | $2,750 |
| 2016 | $140 | -- |
| 2015 | $140 | $2,750 |
| 2014 | $140 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll 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: 37405
Nearby schools
GreatSchools rating
- 4/10Red Bank Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 5/10Red Bank Middle SchoolGrades: 6-8Distance: 3.5 mi
- 5/10Red Bank High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Red Bank Elementary
- Middle: Red Bank Middle
- High: Red Bank High School
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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