1531 E Knollwood Cir, Clarksville, TN 37043

• 4,368 sqft

Property 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.

Listing Status:

Active

Date Added:

May 8, 2026

Data Last Updated:

May 9, 2026 at 4:21PM

Listing Office:

Keller Williams Realty Clarksville : 7075922777

Listing Agent:

James Church : 7075922777

MLS ID:

3201002

Interior

• Flooring: Carpet
• A/C: Central Air
• Heating: Central

Exterior

• Parking: Parking spaces: 0

Construction

• Roofing: Shingle
• General: Two

Location

• Originating MLS: realtrac
• County: Montgomery CountyTN

Lot

• Zoning: R-4063080G G 04600 00012080G

Utilities

• Utilities: Water Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: realtrac