427/429 E Riverside Drive, Clarksville, IN 47129
Clark County
Key Facts
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 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.
Property Information
Property Type
Residential
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1995
Living Area
2,291 sq ft
Lot Size
0.19 acres
Zoning
Specialty District
Days on Market
97
MLS® Listing#
202606424
Property Features
Cooling
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Parcel Number
101400103165000011
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.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Clarksville, IN
- $281,481
- Median Listing Price
- 45
- Median Days on Market
- 1,751
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 38
- Active Listings
- This home’s price is 60% above the area median.
- Its price per sq ft is 22% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Clarksville, IN.
Location
Points of Interest in Clarksville, IN
Showing the Clarksville area map.
Nearby Schools
Greater Clark County School
School · 1.0 mi away
Clark County Juvenile Center
School · 1.1 mi away
Old Corden Porter School
Elementary · 1.1 mi away
Options Alternative School
School · 1.1 mi away
George R Clark Elementary School
Elementary · 1.1 mi away
Franklin Square Elementary - Fses
Elementary · 1.2 mi away
Louisville Metro Youth Center
School · 1.2 mi away
J. Graham Brown School
Secondary · 1.4 mi away
Jefferson County Public Schools
School · 1.4 mi away
Ahrens Educational Resource Center
Secondary · 1.5 mi away
Central High School Football Stadium
Secondary · 1.6 mi away
St Anthony of Padua Catholic Church
School · 1.6 mi away
Ackerly
Secondary · 1.6 mi away
Coleridge-Taylor Montessori Elementary School
Elementary · 1.6 mi away
Lincoln Elementary Performing Arts School
Elementary · 1.6 mi away
Maple Elementary School
Elementary · 1.6 mi away
St Francis High School
Secondary · 1.7 mi away
Northside Christian Academy
School · 1.7 mi away
Home of the Innocents School
School · 1.8 mi away
The Dolfinger
School · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 568 Spicewood Place, Clarksville, IN | $349,900 | 5 | 3 | 1,850 |
| 427 E Riverside Dr, Clarksville, IN | $495,000 | 6 | 3 | 2,291 |
Moving Cost Estimate
EXIT Agents in Clarksville
Listing Courtesy: The Agency Louisville - 502-627-0077
Last Updated: 2026-03-10