Description of 427 Riverside Dr, Clarksville, IN 47129
Listing details for 427 Riverside Dr, Clarksville, IN 47129 : 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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Listing Updated : 04-24-2026 at 6:34 AM EDT
Property Details
Overview
Status
Active
MLS #ID
1711005
Price
$495,000
Bedrooms
6
Bathrooms
3
Square Footage
2,291
Acres
0.19
Year
1996
Days on Site
13
Property Type
Residential Income
Property Sub Type
Duplex
Price per Sq Ft
$216
Date Listed
Mar 10, 2026
Community Information for 427 Riverside Dr, Clarksville, IN 47129