427 E Riverside Dr, Clarksville, IN 47129

Clarksville
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
427 E Riverside Dr,Clarksville, IN 47129
$495,000
  • 6 Beds
  • 3 Baths
  • 2,291 sq. ft.
  • Multi-family
  • Active
Listed by: jason farabee
Office: the agency louisville
MLS#:1711005
Source:KY_MSMLS

Price summary

  • Price:$495,000
  • Price per sq. ft.:$216.06

About this home

427 & 429 E Riverside Drive offer a rare riverfront investment opportunity with sweeping views of the Ohio River and the Louisville skyline. Situated on one tract in the heart of Southern Clarksville, the property includes two tenant-occupied residences generating $1,200 per month in rental income ($700 primary home, $500 secondary residence). Whether you're seeking steady income today or planning future redevelopment, this property offers flexibility and long-term upside. Located within the Southern Clarksville Mixed Use zoning district, the site allows for future development potential while providing immediate cash flow. Enjoy quick access to downtown Louisville, the Ohio River bridges, dining, shopping, and the expanding Clarksville riverfront district. Opportunities combining river views, income production, and development potential are increasingly rare.

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Home facts

  • Year built:1996
  • Listing ID #:1711005
  • Added:3 day(s) ago
  • Updated:March 13, 2026 at 08:49 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Living area:2,291 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:FORCED AIR, Natural gas

Structure and exterior

  • Year built:1996
  • Building area:2,291 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Flood Insurance Required
  • Construction Materials:Aluminum siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$495,000
  • Price per sq. ft.:$216.06

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