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  • Mobile Phone - 502.298.5674

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Listing provided courtesy of The Agency Louisville- MLS# 202606424MLS ProviderContact Information: 502-627-0077

427/429 E Riverside DriveClarksville, IN 47129

Multi-Family · 6 Beds · 3 Full Baths · 2,291 Sq. ft. | 0.19 Acres
$450,000 Active

427/429 E Riverside Drive Overview

Time on Site:
112 days
Visits:
1

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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427/429 E Riverside Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,291
  • Price/Sq.ft. $196
  • Lot 0.19 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 1995

Location/Region

  • County Or Parish: Clark
  • Postal City: Clarksville
  • Township: Jeffersonville

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 101400103165000011
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Zoning: Specialty District

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 6

Building Interior

  • Above Grade Finished Area: 2291.0
  • Building Area Source: Assessor
  • Building Area Total: 2291.0

General Information

  • Basement: false
  • Fireplace: false
  • Laundry Features: Main Level,Other
  • Levels: One
  • Living Area: 2291.0
  • Rooms Total: 13
  • Stories: 1

Exterior

Parking Information

  • Parking Features: No Garage

Lot Information

  • Additional Parcels Description: 14-00073-004-1
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8276.4
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Connected,Public

Building Exterior/Construction

  • Architectural Style: One Story,Manufactured Home
  • Body Type: Single Wide
  • Construction Materials: Frame
  • Structure Type: Duplex

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom

  • Level: First

Room: Bedroom

  • Level: First

Room: Full Bath

  • Level: First

Room: Kitchen

  • Level: First

Room: Living Room

  • Level: First

Room: Primary Bedroom

  • Level: First

Room: Bedroom

  • Level: Other

Room: Bedroom

  • Level: Other

Room: Full Bath

  • Level: Other

Room: Full Bath

  • Level: Other

Room: Kitchen

  • Level: Other

Room: Living Room

  • Level: Other

Room: Primary Bedroom

  • Level: Other

427/429 E Riverside Drive Neighborhood

Community

47129 (CLARKSVILLE) Demographics

41
Median Age
2,039
Population Density (per sq. mile)
22%
College Educated
$45,417
Estimated Median Income
4,761
Estimated Total Home Owners
3,780
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

427/429 E Riverside Drive Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

427/429 E Riverside Drive Market Data

Based on the last 30 days in this zip code

$276,745
Average List Price
$153
Average Price per Square Foot
14
Properties Sold
59
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

427/429 E Riverside Drive History

Date Event Value Agent
6/15/2026Source: Southern Indiana MLS Price Reduction
$450,000 -9.1%
3/10/2026Source: Southern Indiana MLS Added to Database
March 10, 2026