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Listed price in listed location currency (USD).
$599,900

000

MLS® 3201002

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4368 sqft
Garage 
Taxes $4,685
Days Active 4
Lot Size 
Approx. Age 1989
Avg. Price Per Sqft $137
MLS® Number 3201002

Property Address: 1531 E Knollwood Cir, Clarksville, TN, 37043-8010

Average square foot calculated using Size range provided by listing agent.

Description

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 moments away from Madison St. Stabilized. Cash-flowing. Professionally managed.
MLS® Number3201002
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1989
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 8, 2026List Date
$599,900List Price
  • Commute

Commute

Starting Address
Destination Address
1531 E Knollwood Cir, Clarksville, TN

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