427-429 E Riverside Dr

Clarksville, IN 47129

$495,000
Price
6
Beds
2,291 Sq. Ft.
$216 / Sq. Ft.
2,291
Sq. Ft.
$216
per Sq. Ft.
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Description

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...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.
  1. Listed by Jason Farabee • The Agency Louisville • 502-627-0077

Property Details for 427-429 East Riverside Drive

Architectural Style
OneStory, ManufacturedHome
Stories
1
Zoning
Specialty District
LISTING UPDATED: 03/27/2026 10:38 AM

Property Details for 427-429 East Riverside Drive

StatusActive
MLS #202606424
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Duplex
Year Built1995
Lot Size0.19 AC / 8,276 SF
CountyClark County
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Location

Listing Courtesy of The Agency Louisville
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Building Information for 427-429 East Riverside Drive

Stories1Residences-Year Built1995Building Size-Lot Size0.19 AC / 8,276 SF

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$2,493 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,493

Property Taxes

$0

HOA Dues

$0

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Property Information for 427-429 East Riverside Drive

Summary
Location and General Information
  • Directions: Take exit 0 for Court Ave toward 6th St. Turn left onto W Court Ave/W Court Alley. Turn left onto Missouri Ave, make a right onto W Market St. turn right onto Ohio River Scenic Byway/E Riverside Dr. Homes will be on right.
  • State Or Province: IN
  • Township: Jeffersonville
  • Postal Code: 47129
  • City: Clarksville
  • County Or Parish: Clark
  • Zoning Description: Specialty District
Taxes and HOA Information
  • Tax Annual Amount: $.00
  • Tax Legal Description: LOT 5 BLK 9 SMITH-SMYSER SUB.
  • Additional Parcels Description: 14-00073-004-1
  • Parcel Number: 101400103165000011
Parking
  • Garage: No
  • Parking Features: NoGarage
Property
Lot Information
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 0.0
  • Above Grade Finished Area: 2291.0
  • Living Area: 2291.0
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8276.4
  • Lot Size Units: Acres
  • Building Area Source: Assessor
  • Building Area Total: 2291.0
Property and Assessments
  • Road Surface Type: Paved
  • Property Condition: Resale
  • Year Built: 1995
  • New Construction: No
Utilities
  • Water Source: Connected, Public
  • Sewer: PublicSewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame
  • Structure Type: Duplex
Interior Features
  • Basement: No
  • Cooling: Yes
  • Cooling: WindowUnits, WallWindowUnits
  • Fireplace: No
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Laundry Features: MainLevel, Other
  • Levels: One
  • Rooms Total: 13
Room Information
Room 1
  • Room Type: Bedroom
  • Room Level: Other
Room 2
  • Room Type: FullBath
  • Room Level: Other
Room 3
  • Room Type: Bedroom
  • Room Level: Other
Room 4
  • Room Type: FullBath
  • Room Level: Other
Room 5
  • Room Type: PrimaryBedroom
  • Room Level: Other
Room 6
  • Room Type: Kitchen
  • Room Level: Other
Room 7
  • Room Type: LivingRoom
  • Room Level: Other
Room 8
  • Room Type: Bedroom
  • Room Level: First
Room 9
  • Room Type: PrimaryBedroom
  • Room Level: First
Room 10
  • Room Type: FullBath
  • Room Level: First
Room 11
  • Room Type: Bedroom
  • Room Level: First
Room 12
  • Room Type: Kitchen
  • Room Level: First
Room 13
  • Room Type: LivingRoom
  • Room Level: First
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Agent
Confidential
  • Internet Entire Listing Display: Yes

Property History for 427-429 East Riverside Drive

DateEvent & SourcePriceAppreciation
Mar 11, 2026

Temporarily Off Market

Southern Indiana REALTORS® Association #202606448

—
Mar 10, 2026

Withdrawn

Southern Indiana REALTORS® Association #202606448

$495,000—
Mar 10, 2026

Listed (Active)

Southern Indiana REALTORS® Association #202606424

$495,000—
DateEvent & SourcePrice
03/11/2026

Temporarily Off Market

Southern Indiana REALTORS® Association #202606448

—
03/10/2026

Withdrawn

Southern Indiana REALTORS® Association #202606448

$495,000
03/10/2026

Listed (Active)

Southern Indiana REALTORS® Association #202606424

$495,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 427-429 East Riverside Drive

This home is within Clarksville Com School Corp.
Rating
School
Type
Grades
Distance
Clarksville Elementary School
Public - PK to 4
Clarksville Middle School
Public - 5 to 8
Clarksville Senior High School
Public - 9 to 12
Indiana Gateway Digital Academy
Public - K to 12
Rating
School
Distance
Clarksville Elementary School
PublicPK to 4

Clarksville Middle School
Public5 to 8

Clarksville Senior High School
Public9 to 12

Indiana Gateway Digital Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 427-429 East Riverside Drive, Clarksville, IN 47129

427-429 East Riverside Drive is a multi-family home for sale in Clarksville, IN 47129. This property was listed for sale on March 10, 2026 by The Agency Louisville, it's currently listed at $495,000. This listing's school district is Clarksville Com School Corp. Nearby schools include Clarksville Elementary School, Clarksville Middle School and Clarksville Senior High School. 427-429 East Riverside Drive is a 6-bed, 3-bath, 2,291 sqft multi-family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency Louisville

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.