Skip main navigation
Active
  • $599,900

    1531 E Knollwood Cir, Clarksville, TN 37043

    16beds
    16baths
    4,368sqft
    : 
    $3,731/mo
    Get pre-qualified
    Multi Family
    Built in 1989
    -- sqft lot
    $-- Zestimate®
    $137/sqft
    $-- HOA

    What's special

    All-brick townhome building
    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.
    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#: 3201002MLS Logo

      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

        DateEventPrice
        5/8/2026Listed for sale$599,900+43.9%$137/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3201002 Report a problem
        7/10/2020Sold$416,800-8.4%$95/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2136903 Report a problem
        4/1/2020Listed for sale$455,000+72.7%$104/sqft
        Source: Crye-Leike, Inc., REALTORS #2136903 Report a problem
        11/8/2017Sold$263,500-0.6%$60/sqft
        Source: Public Record Report a problem
        6/6/2017Listed for sale$265,000-38.4%$61/sqft
        Source: Forest Hills REALTORS #1833968 Report a problem
        5/31/2007Sold$430,000$98/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37043

        Getting around

        41 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts