What is the asking price for 1531 E Knollwood Cir?

The lease rate for space here is Contact for pricing.

What is the total size of 1531 E Knollwood Cir?

The property has a total square footage of 4,368 SF.

When was this property built?

1531 E Knollwood Cir was built in 1989.

How many parking spaces are available at 1531 E Knollwood Cir?

Parking information for the property isn't currently listed. However, other nearby parking options include King's Bluff Park, located 0.50 miles away , and Lot 9, which is 2.44 miles away.

1531 East Knollwood Circle, Clarksville, TN 37043

For Sale $599,900
Property Type Multi-Family
Property Size 4,368 SF
Lot Size 0.55 Acre
# of Floors 2
Building Class B
Year Built 1989
Date Updated May 15, 2026

Description

Turnkey 5-unit brick townhome in Clarksville's Knollwood Hills subdivision. 4,368 SF, 2-story, built 1989, zoned R-4 Multi-Family. 100% occupied — all 5 units at market rents ($825–$900/mo, avg $860/unit, $4,300/mo GPR). Fresh mechanicals: HVAC replaced Nov 2025, water heater May 2025. Total 2025 capex: $13,171 fully seller-absorbed. Stabilized NOI: $33,410 | Cap Rate: 5.57% @ $599,900 | DSCR: 1.98× | Cash flow: $16,562/yr after debt service. Professional management through PMI Clarksville (7% fee). Flood Zone X (minimal risk). Fiber internet available. Near Fort Campbell, APSU & downtown Clarksville.