Active · MLS#: RTC3201002
$599,900
1531 E Knollwood Cir
Clarksville, TN 37043
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 moments away from Madison St. (Sango) Stabilized. Cash-flowing. Professionally managed.
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Property facts
- Units
- 5 units
- Square feet
- 4,368
- Lot acres
- —
- Year built
- 1989
- Garage spaces
- —
- Property type
- Residential Income
- County
- Montgomery County, TN
Location
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Listed by Keller Williams Realty Clarksville · MLS#: RTC3201002 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 8/18/2026, 3:39:00 PM CT. All data is obtained from various sources and may not have been verified by 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 and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
