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.
Active
$599,900
1531 E Knollwood Cir, Clarksville, TN 37043
16beds
16baths
4,368sqft
Multi Family
Built in 1989
-- sqft lot
$-- Zestimate®
$137/sqft
$-- HOA
What's special
All-brick townhome building
- 117 days
- 233
- 18
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
James Church 707-592-2777,
Keller Williams Realty Clarksville 931-648-8500
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3201002
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet
Interior area
- Total structure area: 4,368
- Total interior livable area: 4,368 sqft
- Finished area above ground: 4,368
Property
Features
- Levels: Two
- Stories: 2
Lot
- Dimensions: 120
Details
- Parcel number: 063080G G 04600 00012080G
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Knollwood Hills
HOA
- Has HOA: No
Location
- Region: Clarksville
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $387,800
- Annual tax amount: $4,685
- Date on market: 5/8/2026
- Inclusions: Appliances, Negotiable
- Total actual rent: 3475
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $599,900+43.9%$137/sqft |
Source: | ||
| 7/10/2020 | Sold | $416,800-8.4%$95/sqft |
Source: | ||
| 4/1/2020 | Listed for sale | $455,000+72.7%$104/sqft |
Source: Crye-Leike, Inc., REALTORS #2136903 Report a problem | ||
| 11/8/2017 | Sold | $263,500-0.6%$60/sqft |
Source: Public Record Report a problem | ||
| 6/6/2017 | Listed for sale | $265,000-38.4%$61/sqft |
Source: Forest Hills REALTORS #1833968 Report a problem | ||
| 5/31/2007 | Sold | $430,000$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,623 +10.3% | $155,120 +56.2% |
| 2023 | $4,191 | $99,320 |
| 2022 | $4,191 +41.1% | $99,320 |
| 2021 | $2,970 -25.6% | $99,320 +60% |
| 2020 | $3,992 0% | $62,075 |
| 2019 | $3,993 | $62,075 -33.2% |
| 2018 | $3,993 +35.8% | $92,920 -3% |
| 2017 | $2,940 -59% | $95,760 |
| 2016 | $7,171 +2.2% | $95,760 -42.5% |
| 2015 | $7,013 +1.4% | $166,400 |
| 2014 | $6,919 -14.2% | $166,400 -9.6% |
| 2013 | $8,060 | $184,040 +0% |
| 2011 | $8,060 | $184,026 +0% |
| 2008 | -- | $184,015 +19.6% |
| 2007 | $6,848 +0% | $153,884 |
| 2006 | $6,846 +7.5% | $153,884 +14.5% |
| 2005 | $6,368 +5.6% | $134,340 |
| 2004 | $6,032 | $134,340 |
| 2002 | $6,032 | $134,340 -4.5% |
| 2001 | -- | $140,616 -60% |
| 2000 | -- | $351,540 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37043
Nearby schools
Schools provided by the listing agent
- Elementary: Barksdale Elementary
- Middle: Richview Middle
- High: Clarksville High
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






