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427 E Riverside Dr Clarksville, IN $ 495,000
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427 E Riverside Dr
$ 495,000
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427 E Riverside Dr

Clarksville, IN, 47129
$ 495,000
Bedrooms6 Baths3.0 Sq 2,291

Monthly Estimate*

$ 3,048

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Multi-Family Home for sale in Clarksville, IN

for $495,000 with 6 bedrooms and 3 full baths. This 2,291 square foot home was built in 1996 on a lot size of 0.19.

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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Multi-Family Active

Price

$ 495,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Other

Lot Size

0.19

Year Built

1996

Town/City

Clarksville

County/Region

Clark

MLS | Web ID

1711005
Features
General
Heating Forced Air Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Connected
Roof Composition
HOA Fee 0
Architectural Style Other
Construction Materials Other Aluminum Siding
Year Built 1996
Property Subtype Duplex
County Clark
Property Type Multi Family
HOA false
Subdivision Name NONE
Garage Y/N false
Status Active
Directions Take I-71S and use the left lane to take exit 1C to merge onto I-65 N toward Indianapolis. Use the 2nd from the right lane to take exit 0 for Court Ave toward 6th St. Turn left onto W Court Ave/W Court Alley. Turn left onto Missouri Ave then make a right onto W Market St. then make a slight right onto Ohio River Scenic Byway/E Riverside Dr. Homes will be on the right.
City Clarksville
Number Of Units Total 2
MLS Area 13-Indiana
Lot Size Units Square Feet
Lot Size Square Feet 8276.4
MLS Area Minor 13-Indiana
Standard Status Active
Tax Lot 0
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Interior
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2291
Total Bedrooms 6
Below Grade Finished Area 0
Total Baths 3
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Exterior
Exterior Amenities See Remarks
Lot Features Flood Insurance Req See Remarks
Water Source Public
Lot Size Area 8276.4
Building Area Total 2291
Lot Dimensions 0x0
Lot Size Acres 0.19
Waterfront Y/N true
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* Excluded Features
List By
The Agency Louisville

Broker

jason.farabee@theagencyre.com

Email

Affordability Calculator

$3,048
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
0 Elementary School
0 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
3/10/2026$495,000 Listed Price

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427 E Riverside Dr, Clarksville, IN, 47129 is a Multi-Family Home for sale at $495,000 with 2,291 sqft and a lot size of 0.19. 427 E Riverside Dr has 6 bedrooms, 3.0 baths, and was built in 1996. The property's zip code is 47129 which is in Clarksville, IN

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