Turnkey 5-Unit Townhome
1531 East Knollwood Circle Clarksville, TN 37043
1531 East Knollwood Circle, Clarksville, TN, 37043
Contact for pricing
For Sale
Contact for pricing
Five occupied townhome units with major 2025 mechanical and unit-turn upgrades in a low-flood-risk Zone X location.
Property Size4,368 SF
Lot Size0.55 Acres
Price / SF$137.34
Days on Market77
Property Features for 1531 East Knollwood Circle
General Information
- Standard status
- Active
- Size
- 4,368 SF
- Lot size
- 0.55 Acres
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1989
Listing agency
Keller Williams Clarksville
(931) 648-8500
Listed by
James Church · License #367269
Source
Crexi
Added: May 8 Updated: Jul 22 at 11:56PM Checked: Jul 22 at 11:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Clarksville
Investment Insights
Based on property information with market context.
This 5-unit brick townhome property was built in 1989 and is arranged across two stories. The offering totals 4,368 square feet and sits on 0.55 acres within Clarksville city limits. Major capital improvements were completed in 2025, including a full HVAC replacement in November 2025 and a water heater replacement in May 2025, along with appliance upgrades, plumbing fixture updates, and cosmetic rehab during a four-unit turnover cycle.
All five units are currently occupied at seller-confirmed market rents of $825 to $900 per month. Four of the five units signed new 12-month leases in 2025 following the rehab work. The property is located in Zone X (low flood risk) and is zoned R-4 Multi-Family Residential.
Professional management is in place through PMI Clarksville, and fiber internet is available from three providers: AT&T, CDE Lightband, and Spectrum. The 2025 financials reflect one-time capital expenditure tied to the rehab and turnovers.
All five units are currently occupied at seller-confirmed market rents of $825 to $900 per month. Four of the five units signed new 12-month leases in 2025 following the rehab work. The property is located in Zone X (low flood risk) and is zoned R-4 Multi-Family Residential.
Professional management is in place through PMI Clarksville, and fiber internet is available from three providers: AT&T, CDE Lightband, and Spectrum. The 2025 financials reflect one-time capital expenditure tied to the rehab and turnovers.
Key Highlights
- 5‑unit brick townhome built in 1989 with 4,368 SF across two stories on 0.55 acres in Clarksville city limits.
- Low‑flood‑risk location in Zone X.
- 2025 capital improvements: HVAC fully replaced (Nov 2025, $6,750), water heater replaced (May 2025, $1,464).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $15.60 |
| − Vacancy | −$4.1k | −$0.94 |
| EGI | $64.1k | $14.66 |
| − OpEx | −$28.8k | −$6.60 |
| NOI | $35.2k | $8.07 |
4,368 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$503.3K
$440.4K – $587.2K
NOI $35,229 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.2K
$641.6K – $855.4K
NOI $51,326 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Clarksville Low Voltage
Electrical Service
Futura
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Five occupied townhome units with major 2025 mechanical and unit-turn upgrades in a low-flood-risk Zone X location.
Where is this apartment building located?
The property is located at 1531 East Knollwood Circle Clarksville, TN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 5‑unit brick townhome built in 1989 with 4,368 SF across two stories on 0.55 acres in Clarksville city limits.; Low‑flood‑risk location in Zone X.; 2025 capital improvements: HVAC fully replaced (Nov 2025, $6,750), water heater replaced (May 2025, $1,464).
