# 1242 Ladd Springs Road SE, Cleveland, TN 37323

> **TL;DR:** 0bd/1ba multi-family, $800,000 ($91/sqft), built 1976, 8,814 sqft. Est. $3,467/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $800,000 |
| Price/sqft | $91 |
| Bathrooms | 1 full |
| Square Feet | 8,814 |
| Year Built | 1976 |
| Stories | 1 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,467 |
| **Total** | **$3,467** |

## Nearby Schools

- **Elementary:** Waterville
- **Middle:** Lake Forest
- **High:** Bradley Central

## Property Highlights

- Built in 1976

## Description

### Agent Description
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

## Location

- **Address:** 1242 Ladd Springs Road SE, Cleveland, TN 37323
- **County:** Bradley
- **Coordinates:** 35.089689, -84.796499
- **Google Maps:** https://www.google.com/maps?q=35.089689,-84.796499

## Listing Agent

- **Name:** Tammy Johnson
- **Brokerage:** Coldwell Banker Kinard Realty
- **Phone:** 4233220197
- **Email:** tnrealestate4u@hotmail.com

## Primary Photo

![1242 Ladd Springs Road SE - Primary Photo](http://lh.rdcpix.com/af01819cc10d1354b9eadfac0dbf1d55l-f3185436283r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/1242-ladd-springs-road-se-cleveland-tn-37323-20263102)*

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**MLS#:** 20263102 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1242-ladd-springs-road-se-cleveland-tn-37323-20263102)

---

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