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- Description
- Property Details
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- Facts & Features
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$599,900
Monthly Est:$2,986
8 Beds
8 Baths
4,368sqft
1531 E Knollwood Cir, Clarksville, TN 37043
$599,900
$2,986/moEst:
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Multi Family
Built in 1989
$-- HOA
-- sqft lot
$137/sq.ft
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. (Sango)
Stabilized. Cash-flowing. Professionally managed.
- Houzeo last checked: 1 hour ago
- Listing updated: October 4, 2026 at 11:13 pm
- Listing Provided by: James Church (707) 592-2777 DRE #367269 | Keller Williams Realty Clarksville (931) 648-8500
- Source: Nashville (RealTracs Mid) MLS-TN | MLS#: 3201002
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1989
HOA Fees
-
Finished Area
4,368 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3201002
MLS Status
Active
Days on Market
153
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 8
Interior
Cooling
Central Air
Heating
Central
Sewer
Public Sewer
Flooring
Carpet
Construction
Year Built
Year Built: 1989
Home type
Multi Family
Roof
Shingle
Construction Materials
Brick
Utilities & Energy
Utilities
Water Available
Water Source
Public
Other Features
Subdivision Name
Knollwood Hills
Tenant Pays
Cable Tv
Price History
| Date | Event | Price |
|---|---|---|
05/08/2026 Source: | Listed for Sale | $599,900 +31.85% $137/sqft |
07/10/2020 Source: | Price Increased | $455,000 +9.17% $104/sqft |
07/10/2020 Source: | Sold | $416,800 $95/sqft |
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Based on information from Realtracs® through Oct 09, 2026, 12:01PM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.