1531 E Knollwood Cir, Clarksville, TN 37043

Clarksville
Local realty services provided by:ERA Chappell & Associates Realty & Rental
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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1989
  • Listing ID #:3201002
  • Added:51 day(s) ago
  • Updated:June 29, 2026 at 04:38 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
MLS LogoCopyright 2026 Realtracs Mls. All rights reserved. Realtracs Mls provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Realtracs Mls will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Realtracs Mls.

New listings near 1531 E Knollwood Cir