1531 E Knollwood Cir, Clarksville, TN 37043

Clarksville
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
1531 E Knollwood Cir,Clarksville, TN 37043
$599,900
  • - Beds
  • - Baths
  • 4,368 sq. ft.
  • Multi-family
  • Active
Listed by: james church
Office: keller williams realty clarksville
MLS#:3201002
Source:NASHVILLE

Price summary

  • Price:$599,900
  • Price per sq. ft.:$137.34

About this home

Turnkey 5-unit investment in one of Clarksville's most established neighborhoods. This all-brick townhome building in Knollwood Hills delivers $51,600 in annual gross rent from five fully occupied units, each leased between $825 and $900 per month. At asking price, investors step into a 5.57% cap rate with $33,410 in stabilized NOI and no vacancy to fill. well maintained with recent capital improvements: full HVAC system replaced November 2025 and new water heater installed May 2025, reducing near-term capex exposure. Professional management through PMI Clarksville keeps operations hands-off for out-of-state investors. At 4,368 SF across two stories, the property prices out to $119,980 per unit and $137/SF - strong value against recent comps. Flood Zone X. High-speed fiber from AT&T (5 Gbps), CDE Lightband, and Spectrum. Minutes from Fort Campbell, Austin Peay State University, and downtown Clarksville - three demand drivers that keep this submarket's rental pipeline full. only...

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Home facts

  • Year built:1989
  • Subdivision & Development:Knollwood Hills
  • Listing ID #:3201002
  • Added:97 day(s) ago
  • Updated:August 14, 2026 at 02:22 PM

Rooms and interior

  • Flooring:Carpet
  • Living area:4,368 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1989
  • Building area:4,368 sq. ft.
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Clarksville High
  • Middle school:Richview Middle
  • Elementary school:Barksdale Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,900
  • Price per sq. ft.:$137.34
  • Tax amount:$4,685
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