427 E Riverside Dr
427 E Riverside Dr, Clarksville, IN 47129

Overview
427/429 E Riverside Drive is positioned along the riverfront with sweeping views of downtown Louisville, this unique offering presents a rare opportunity to acquire two single-family residences on one tract in the heart of Southern Clarksville. Whether you are seeking steady income today or planning for future development, this property offers flexibility and long-term upside. The tract currently includes two tenant-occupied homes generating consistent rental income. The primary residence is leased at $700 per month, and the secondary residence (trailer) is leased at $500 per month, providing immediate cash flow for investors. Located within the Southern Clarksville Mixed Use zoning district, the property also offers compelling redevelopment potential. Enjoy an unbeatable location with convenient access to the Ohio River bridges, downtown Louisville, local dining, shopping, and entertainment. Opportunities with this combination of riverfront views, income production, and development potential are increasingly rare.
For Sale
- Sale Price
- $495,000
- Price Per SF
- $216.06/SF
- Building Size
- 2,291 SF
- Acres
- 0.19 ac
- Zoning Desc.
- Southern Clarksville Mixed Use
- Year Built
- 1995
- Property Status
- Existing
- Total Units
- 2
- Laundry
- In Each Unit
- Nearest Airport
- SDF- Louisville - 7.5 mi
- County
- Clark
- Listed
- 03/10/2026
- Updated
- 03/10/2026
- Listing ID
- adfb7b8b
- Parcel APN
- 101400103165000011



















