1242 Ladd Springs Road SE Cleveland, TN $ 800,000
1242 Ladd Springs Road SE
$ 800,000
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1242 Ladd Springs Road SE

Cleveland, TN, 37323
$ 800,000
Baths0.0 Sq 8,814

Monthly Estimate*

$ 4,926

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Studio

Multi-Family Home for sale in Cleveland, TN

for $800,000. This 8,814 square foot home was built in 1976.

Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring eight fully occupied one-bedroom apartments and a central retail space, all conveniently located on one level. The property is designed with four apartment units on each side of the retail space, 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. Please allow 24 hr for showing notice because all units are occupied

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Multi-Family Active

Price

$ 800,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 932

Style

Multi Family

Year Built

1976

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

3243081

Features
General
Living Area 8814
Sewer Septic Tank
Utilities Water Available
Possession Close Of Escrow
Roof Other
Security Features Smoke Detector(s)
Construction Materials ICFs (Insulated Concrete Forms) Other
Year Built 1976
Tenant Pays Other
Stories Count 1
Levels One
County Bradley County TN
New Construction N
Property Type Residential Income
Attached Garage N
Rent Includes Water
Status Active
Buyer Financing Conventional Other
Directions Spring place to left on Ladd Springs property will be on your left
High School Bradley Central High School
City Cleveland
Senior Community Y/N N
Number Of Units Total 8
Lot Size Units Acres
Elementary School Waterville Community Elementary School
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 932
Middle/Junior High School Lake Forest Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Flooring Luxury Vinyl
Air Conditioning Y/N N
Heating Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Asphalt
Water Source Public
Total Parking 0
Building Area Total 8814
Waterfront Y/N N
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Internal Only
Street Number 1 1242
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* Excluded Features
List By
Coldwell Banker Kinard Realty

Broker

tnrealestate4u@hotmail.com

Email

Affordability Calculator

$5,003
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,926
Monthly Property Taxes
$78
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4876278 Elementary School
3769606 Middle School
Bradley Central High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$800,000 Listed Price

Map


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1242 Ladd Springs Road SE, Cleveland, TN, 37323 is a Multi-Family Home for sale at $800,000 with 8,814 sqft. 1242 Ladd Springs Road SE is a studio with 0.0 baths and was built in 1976. The property's zip code is 37323 which is in Cleveland, TN