1531 E Knollwood Cir

1531 East Knollwood Circle, Clarksville, TN 37043

Property Information

  • 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 Aug 21, 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.

Contacts

Location

Located at 1531 East Knollwood Circle, Clarksville, TN 37043, this property is part of the Clarksville neighborhood.

  • 41/100 Car-Dependent
  • 31/100 Somewhat Bikeable
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