Active
4 beds4 baths8,814 sqft$79/sqft
1242 Ladd Springs Rd SE, Cleveland, TN 37323
Est: $3,636/moGet pre-approved
Multi FamilyProperty Type
1976Year Built
$79/sq ftPrice per sq ft

Description

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
...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
73 days on Market
  • Listed by: Tammy Johnson tnrealestate4u@hotmail.com • Coldwell Banker Kinard Realty
Last updated: 08/20/2026 12:30 PM • Source: REALTRACS as distributed by MLS GRID, MLS#: 3243081

Location

Listing Courtesy of Coldwell Banker Kinard Realty, Tammy Johnson (423.322.0197)
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,636 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,558

Property Taxes

$78

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1242 Ladd Springs Road Southeast

Property Details
  • Taxes: $932 / year
  • MLS Type: Residential Income
  • Subdivision Name: None
  • Waterfront: No
Building Information
  • Stories: 1
  • Residences: 8
  • Year Built: 1976
Summary
Location and General Information
  • Directions: Spring place to left on Ladd Springs property will be on your left
  • Elementary School: Waterville Community Elementary School
  • High School: Bradley Central High School
  • Levels: One
  • Living Area Source: Professional Measurement
  • Living Area Units: Square Feet
  • Middle Or Junior School: Lake Forest Middle School
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Garage Spaces: .00
  • Parking Features: Asphalt
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Professional Measurement
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Professional Measurement
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Professional Measurement
  • Building Area Units: Square Feet
  • Flooring: Luxury Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 082 00602 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: ICFs (Insulated Concrete Forms), Other
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Smoke Detector(s)
  • Senior Community: No
  • Stories: 1
  • Year Built Details: Existing
Utilities
  • Cooling: Other
  • Cooling: Yes
  • Heating: Other
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Other
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Unit 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Type Actual Rent: $625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Type Actual Rent: $625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Type Actual Rent: $675.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom
Rental Information
Rental Information
  • Rent Includes: Water
  • Tenant Pays: Other
  • Total Actual Rent: $2,575

Property History for 1242 Ladd Springs Road Southeast

DateEvent & SourcePriceAppreciation
Aug 20, 2026

Price Change

REALTRACS #3243084

$700,000
Aug 20, 2026

Price Change

REALTRACS #3243081

$700,000
Aug 20, 2026

Price Change

REALTRACS #3243849

$700,000
DateEvent & SourcePrice
08/20/2026

Price Change

REALTRACS #3243084

$700,000
08/20/2026

Price Change

REALTRACS #3243081

$700,000
08/20/2026

Price Change

REALTRACS #3243849

$700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1242 Ladd Springs Road Southeast

Taxable ValueLand$12,080Additions$63,480Total$75,560
Tax Record2025$932 ($78 / month)
Home Facts
Baths10Total Finished SqFt8,814 SqFtAbove Grade Finished SqFt8,814 SqFtStories1Lot Size47,916 SqFtStyleMiscellaneous CommercialYear Built1976Year Renovated1992ZoningFARCountyBRADLEYAPN082-006.02

Schools near 1242 Ladd Springs Road Southeast

This home is within Bradley County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Waterville Community Elementary School
PublicPK to 5

Lake Forest Middle School
Public6 to 8

Bradley Central High School
Public9 to 12

Bradley County Virtual School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 37323

$1,050,000 | 813 Ladd Springs Road Southeast, Cleveland, TN 37323
1/87
New

$1,050,000

3
Bedrooms
2,447
Square Feet
5.11
Acres
$575,000 | 213 Dunn Farm Road, Cleveland, TN 37323
1/59
Open: 8/30 02:00PM - 04:00PMNew

$575,000

3
Bedrooms
2,872
Square Feet
2.75
Acres
$270,000 | 204 Meadowbrook Drive Southeast, Cleveland, TN 37323
1/29
New

$270,000

3
Bedrooms
1,407
Square Feet
0.5
Acres
$711,000 | 1659 Chestuee Road Northeast, Cleveland, TN 37323
1/60
New

$711,000

3
Bedrooms
3,800
Square Feet
4.78
Acres
$325,000 | 2660 Rogers Drive Southeast, Cleveland, TN 37323
1/31
New

$325,000

3
Bedrooms
1,392
Square Feet
0.24
Acres
$339,000 | 1614 Orchard Place Northeast, Cleveland, TN 37323
1/39
New

$339,000

3
Bedrooms
1,622
Square Feet
0.2
Acres
$472,500 | 685 York Road Northeast, Cleveland, TN 37323
1/64
New

$472,500

3
Bedrooms
2,533
Square Feet
0.9
Acres
$389,900 | 2442 Ella Drive, Cleveland, TN 37323
1/35
Open: 8/28 05:30PM - 07:30PMNew

$389,900

3
Bedrooms
2,074
Square Feet
0.84
Acres
$349,200 | 2253 Chelle Drive Northeast, Cleveland, TN 37323
1/21

$349,200

Unavailable
Bedrooms
2
Bathrooms
1,618
Square Feet
0.19
Acres

1242 Ladd Springs Road Southeast is a multi-family home for sale in Cleveland, TN 37323. This property was listed for sale on June 15, 2026 by Coldwell Banker Kinard Realty, it's currently listed at $700,000. It has been on the market for a total of 73 days and was last sold on November 1, 2018. This listing's school district is Bradley County School District. Nearby schools include Waterville Community Elementary School, Lake Forest Middle School and Bradley Central High School. 1242 Ladd Springs Road Southeast is a 4-bed, 4-bath, 8,814 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Kinard Realty, Tammy Johnson (423.322.0197)

Based on information submitted to the MLS GRID as of 08/20/2026 12:30 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.