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427 E Riverside Dr

427 E Riverside Dr, Clarksville, IN 47129

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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

Multifamily
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