For sale

Price cut: $45K (6/15)

$450,000

427 E Riverside Dr, Clarksville, IN 47129

6beds

3baths

2,291sqft

$2,903/mo

Get pre-qualified

Duplex

Built in 1996

-- sqft lot

$437,100 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.

160 days

325

10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Forced Air, Natural Gas

Cooling

Wall/Window Unit(s)

Features

Has basement: 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

Features

Exterior features: See Remarks

Lot

Size: 8,276 Square Feet
Features: Flood Insurance Req, See Remarks

Details

Parcel number: 101400103165.000011

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Duplex
Attached to another structure: Yes

Materials

Other, Aluminum Siding
Roof: Composition

Condition

Year built: 1996

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Clarksville

Financial & listing details

Price per square foot: $196/sqft
Tax assessed value: $125,500
Annual tax amount: $2,298
Date on market: 3/10/2026
Electric utility on property: Yes

Estimated market value

$437,100

$415,000 - $459,000

$1,739/mo

Price history

Date	Event	Price
6/15/2026	Price change	$450,000-9.1%$196/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1711005 Report a problem
3/10/2026	Listed for sale	$495,000$216/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1711004 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,298 -0.2%	$125,500 +9.2%
2024	$2,302 -37.9%	$114,900 -39.1%
2023	$3,704 +8.1%	$188,700 +2.1%
2022	$3,428 +141.9%	$184,900 +8.1%
2021	$1,417 -0.7%	$171,100 +20.2%
2020	$1,427 -3.1%	$142,300 -0.7%
2019	$1,473 +2%	$143,300 +0.4%
2018	$1,444 +0.4%	$142,700 +1.9%
2017	$1,438	$140,000 +0.4%
2016	$1,438 +2834.7%	$139,400 -2.7%
2014	$49	$143,300 +2.9%
2013	$49 -95.5%	$139,300 +39.4%
2011	$1,082 +8.3%	$99,900
2010	$999 -6.5%	$99,900
2009	$1,068	$99,900