Townhome-Style
721 Ladd Avenue, Chattanooga, TN 37405
For Sale
$600,000
Both residences are leased and feature private decks and one-car garages.
Property Size2,824 SF
Price / SF$212.46
Days on Market141
Property Features for 721 Ladd Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private deck
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Bri Goodrich · License TN #362043
(224) 456-7423
Source:
Thegideongrouprealty
Added: Jun 22
Changed: Nov 7
Last Checked: Nov 8 at 3:24PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,824-square-foot duplex contains two townhome-style residences. Each unit has three bedrooms, two-and-a-half bathrooms, a one-car garage, and a private deck. Both residences are currently leased, with lease terms ending May 3, 2027, and June 18, 2027.
The property is on Ladd Avenue in Chattanooga, minutes from downtown. Dining, shopping, entertainment, and outdoor recreation are identified nearby in the surrounding area.
The property is on Ladd Avenue in Chattanooga, minutes from downtown. Dining, shopping, entertainment, and outdoor recreation are identified nearby in the surrounding area.
Key Highlights
- Two townhome‑style units totaling 2,824 square feet
- Built in 2016
- Each unit has 3 bedrooms, 2.5 bathrooms, a one‑car garage, and a private deck
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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 - Both residences are leased and feature private decks and one-car garages.
Where is this duplex located?
The property is located at 721 Ladd Avenue 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: Two townhome‑style units totaling 2,824 square feet; Built in 2016; Each unit has 3 bedrooms, 2.5 bathrooms, a one‑car garage, and a private deck
