427 E Riverside Dr
Clarksville, IN 47129
6
Bed
3
Bath
2,291Sqft
8,276.40Sqft(Lot)
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 vie
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 3 -
Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: None, Forced Air, Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s) Water front: 1
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Building Information
Year Built: 1996 Building Area Total: 2291 Construction Materials: Other, Aluminum Siding Private Pool: No
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Lot Information
Lot Dimensions: 0x0 Main Square Feet: 8276.4 Square Feet Lot Size Acres: 0.19 Lot Size Square Feet: 8276.4 Lot Description: See Remarks, WaterfrontProperty Information
Subdivision: NONE Source Property Type: Residential Income MLS Area Minor: 13-Indiana Property SubType: Duplex Property Age: 30
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Listing Price Information
Listing Price: $495000
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Tax Information
Parcel Number: 10-14-00-103-165.000-011 Tax Lot: 0 Tax Block: 0
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Parking Information
Parking Total: 2
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Utility Information
Electricity Connected -
Location Information
Direction: 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. WaterSource: Public
At $216.06 per sq.ft.,this listing is priced below average compared to other multifamily from Clarksville.
The average multifamily price in Clarksville is $498412.86 with avg. price / sq.ft of $2844.68.
The average multifamily price in Clark County is $540257.14 with avg. price / sq.ft of $3659.00.
How much is this property worth?
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ByOwner last updated this listing 04/07/2026 @ 01:13
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