Townhome-Style
715 Ladd Ave, Chattanooga, TN 37405
For Sale
$600,000
Two leased units feature individual garages, private decks, and full kitchen and laundry appliances.
Property Size2,824 SF
Price / SF$212.46
Days on Market94
Property Features for 715 Ladd Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
private deck
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Bri Goodrich · License TN #362043
(224) 456-7423
Source:
Fiddletreerealty
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greater Downtown Realty dba Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2016 duplex at 715 and 717 Ladd Avenue contains two townhome-style residences. Each unit offers 3 bedrooms, 2.5 bathrooms, a one-car garage, and a private deck. Interior features include central air, electric service, washer and dryer connections, a microwave, refrigerator, electric range and oven, and dishwasher. The property also includes patio and porch areas, shingle construction, and connected sewer service.
Both residences are leased, with the unit at 717 Ladd Avenue committed through 3/18/2027 and the unit at 715 Ladd Avenue through 1/31/2027. Located in North Chattanooga, the duplex is minutes from downtown and near dining, shopping, and outdoor amenities. The seller also owns the adjacent duplex at 723/721 Ladd Avenue and is open to a package sale.
Both residences are leased, with the unit at 717 Ladd Avenue committed through 3/18/2027 and the unit at 715 Ladd Avenue through 1/31/2027. Located in North Chattanooga, the duplex is minutes from downtown and near dining, shopping, and outdoor amenities. The seller also owns the adjacent duplex at 723/721 Ladd Avenue and is open to a package sale.
Key Highlights
- Built in 2016 with two townhome‑style units
- Each unit includes 3 bedrooms, 2.5 bathrooms, a one‑car garage, and a private deck
- Both units are leased through 3/18/2027 and 1/31/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,725
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,500
$554.5K
Cap Rate 7%
$396,071
$396.1K
Cap Rate 9%
$308,056
$308.1K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$42.4K $15.00/SF
− Vacancy
−$2.8K −$0.98/SF
EGI
$39.6K $14.03/SF
− OpEx
−$11.9K −$4.21/SF
NOI
$27.7K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,500
Cap Rate 7%
$396,071
Cap Rate 9%
$308,056
Alternative Uses
Best Use
Multifamily LT 5
$396.1K
$346.6K – $462.1K
NOI $27,725 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$355.4K
$311.0K – $414.7K
NOI $24,879 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$623.7K
$545.7K – $727.7K
NOI $43,659 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Chattanooga, TN
Properties on Market for Duplexes in Chattanooga
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units feature individual garages, private decks, and full kitchen and laundry appliances.
Where is this duplex located?
The property is located at 715 Ladd Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 2016 with two townhome‑style units; Each unit includes 3 bedrooms, 2.5 bathrooms, a one‑car garage, and a private deck; Both units are leased through 3/18/2027 and 1/31/2027
