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1531 E Knollwood Cir Clarksville, TN $ 575,000
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1531 E Knollwood Cir
$ 575,000
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1531 E Knollwood Cir

Clarksville, TN, 37043
$ 575,000
Bedrooms8 Baths8.0 Sq 4,368

Monthly Estimate*

$ 3,971

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Multi-Family Home for sale in Clarksville, TN

for $575,000 with 8 bedrooms and 8 full baths. This 4,368 square foot home was built in 1989.

Five-unit, two-story all-brick townhome building in Knollwood Hills. 4,368 SF; all units 2 BR / 1.5 BA with washer and dryer included. Each unit is separately metered and tenants pay their own utilities. Currently 4 of 5 units leased at $825-$875/mo ($3,400/mo in place); the fifth unit is being re-leased, for $4,250/mo ($51,000/yr) at full occupancy. Recent capital improvements in Unit A: full HVAC replaced Nov 2025 and new water heater May 2025. Interiors in original condition, offering renovation upside. Professionally managed by PMI Clarksville. Zoned R-4, Flood Zone X. Minutes from Fort Campbell, Austin Peay State University and downtown Clarksville. Rent roll and operating statements available to qualified buyers. Buyer to verify all information.

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Multi-Family Active

Price

$ 575,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 4,685

Style

Multi Family

Year Built

1989

Town/City

Clarksville

County/Region

Montgomery

MLS | Web ID

3201002
Features
General
Living Area 4368
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Immediate
Roof Shingle
Zoning R-4
Garage Spaces 0
Construction Materials Brick
Year Built 1989
Tenant Pays Cable TV
Stories Count 2
Levels Two
Gross Income 51000
County Montgomery County TN
Net Operating Income 34790
Operating Expense 16210
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Knollwood Hills
Garage Y/N N
Rent Includes Electricity Trash Collection Water
Status Active
Buyer Financing Other
Directions From downtown Clarksville take US-41A N turn right on E Knollwood Cir. Property on the right.
High School Clarksville High
City Clarksville
Senior Community Y/N N
Number Of Units Total 5
Lot Size Units Acres
Elementary School Barksdale Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 4685
Middle/Junior High School Richview Middle
Virtual Tour https://my.matterport.com/show/?m=TYNKL6W5YmY
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 3475
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Interior
Flooring Carpet
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 4368
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Owner
Above Grade Finished Area Source Owner
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Appliances Negotiable
Building Area Total 4368
Lot Dimensions 120
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 1531
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* Excluded Features
List By
Keller Williams Realty Clarksville

Broker

james.church@kwcommercial.com

Email

Affordability Calculator

$4,362
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$390
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
244521 Elementary School
4313266 Middle School
Clarksville High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/9/2026$575,000 -4.15% Price Down
5/8/2026$599,900 Listed Price

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1531 E Knollwood Cir, Clarksville, TN, 37043 is a Multi-Family Home for sale at $575,000 with 4,368 sqft. 1531 E Knollwood Cir has 8 bedrooms, 8.0 baths, and was built in 1989. The property's zip code is 37043 which is in Clarksville, TN

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