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427/429 E Riverside Drive Clarksville, IN $ 495,000
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427/429 E Riverside Drive
$ 495,000
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427/429 E Riverside Drive

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 1995 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

Lot Size

0.19

Year Built

1995

Town/City

Clarksville

County/Region

Clark

MLS | Web ID

202606424
Features
General
Sewer Public Sewer
Cooling Window Unit(s) WallWindow Unit(s)
Possession Negotiable
Zoning Specialty District
Architectural Style One Story Manufactured Home
Construction Materials Frame
Year Built 1995
Stories Count 1
Township Jeffersonville
Levels One
Property Subtype Duplex
Additional Parcels Description 14-00073-004-1
County Clark
New Construction false
Property Type Residential
Garage Y/N false
Total Rooms 13
Full Baths 3
Status Active
Directions Take exit 0 for Court Ave toward 6th St. Turn left onto W Court Ave/W Court Alley. Turn left onto Missouri Ave make a right onto W Market St. turn right onto Ohio River Scenic Byway/E Riverside Dr. Homes will be on right.
City Clarksville
Zoning Description Specialty District
Lot Size Units Acres
Lot Size Square Feet 8276.4
Listing Terms Cash Conventional
Tax Annual Amount 0
Body Type Single Wide
Property Condition Resale
Structure Type Duplex
Standard Status Active
Property Sub Type Additional Residential
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Interior
Basement (Y/N) false
Air Conditioning Y/N true
Fireplace Y/N false
Above Grade Finished Area 2291
Half Baths 0
Laundry Features Main Level Other
Total Bedrooms 6
Below Grade Finished Area 0
Total Baths 3
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Exterior
Parking Features No Garage
Water Source Connected Public
Lot Size Area 0.19
Building Area Total 2291
Lot Size Acres 0.19
Road Surface Type Paved
Lot Size Source Assessor
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* Excluded Features
List By
Jason Farabee

Listing Agent

The Agency Louisville

Broker

jason@jasonfarabee.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
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Pricing History
DatePricePrice ChangeDescription
3/11/2026$495,000 Listed Price

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427/429 E Riverside Drive, Clarksville, IN, 47129 is a Multi-Family Home for sale at $495,000 with 2,291 sqft and a lot size of 0.19. 427/429 E Riverside Drive has 6 bedrooms, 3.0 baths, and was built in 1995. The property's zip code is 47129 which is in Clarksville, IN

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