For sale

Price cut: $45K (6/15)

$450,000

427/429 E Riverside Drive, Clarksville, IN 47129

6beds

2,291sqft

Get pre-qualified

Duplex, Multi Family, Manufactured Home, Single Family Residence

Built in 1995

-- sqft lot

$438,000 Zestimate^®

$196/sqft

$-- HOA

What's special

River views

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.

119 days

196

2

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Primary bedroom

Level: First

Primary bedroom

Level: Other

Bedroom

Level: First

Bedroom

Level: First

Bedroom

Level: Other

Bedroom

Level: Other

Other

Level: First

Other

Level: Other

Other

Level: Other

Kitchen

Level: First

Kitchen

Level: Other

Living room

Level: First

Living room

Level: Other

Cooling

Window Unit(s), WallWindow Unit(s)

Appliances

Laundry: Main Level, Other

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,291
Total interior livable area: 2,291 sqft
Finished area above ground: 2,291
Finished area below ground: 0

Property

Parking

Parking features: No Garage

Features

Levels: One
Stories: 1

Lot

Size: 8,276 Square Feet

Details

Additional parcels included: 14000730041
Parcel number: 101400103165000011
Zoning: Specialty District
Zoning description: Specialty District

Construction

Type & style

Home type: MultiFamily
Architectural style: One Story,Manufactured Home
Property subtype: Duplex, Multi Family, Manufactured Home, Single Family Residence
Attached to another structure: Yes

Materials

Frame

Condition

Resale
New construction: No
Year built: 1995

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

Location

Region: Clarksville

Financial & listing details

Price per square foot: $196/sqft
Date on market: 3/10/2026
Cumulative days on market: 120 days
Listing terms: Cash,Conventional
Road surface type: Paved
Body type: Single Wide

Estimated market value

$438,000

$416,000 - $460,000

$1,546/mo

Price history

Date	Event	Price
6/15/2026	Price change	$450,000-9.1%$196/sqft
Source: SIRA #202606424 Report a problem
3/10/2026	Listed for sale	$495,000$216/sqft
Source: SIRA #202606424 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified