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.
For sale
Price cut: $45K (6/15)
$450,000
427/429 E Riverside Drive, Clarksville, IN 47129
6beds
2,291sqft
Duplex, Multi Family, Manufactured Home, Single Family Residence
Built in 1995
-- sqft lot
$437,500 Zestimate®
$196/sqft
$-- HOA
What's special
River views
- 165 days |
- 184 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Jason Farabee,
The Agency Louisville
Source: SIRA,MLS#: 202606424
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & 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
- Annual tax amount: $2,847
- Date on market: 3/10/2026
- Cumulative days on market: 165 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
- Body type: Single Wide
Estimated market value
$437,500
$416,000 - $459,000
$1,812/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.Climate risks
Neighborhood: 47129
Nearby schools
GreatSchools rating
- 5/10Clarksville Elementary SchoolGrades: PK-4Distance: 2.1 mi
- 7/10Clarksville Middle SchoolGrades: 5-8Distance: 2.3 mi
- 6/10Clarksville Senior High SchoolGrades: 9-12Distance: 2.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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