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Providence Row 600-638 Francis Ave 20 Unit Apartment Building $1,850,000 ($92,500/Unit) Clarksville, IN 47129

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INVESTMENT HIGHLIGHTS

  • Unit Sell-Out Option
  • Duplex Subdivision
  • Turn-Key Opportunity

EXECUTIVE SUMMARY

VWREA is pleased to offer Providence Row Apartments in cooperation with Bass Group Real Estate, an offering of 20-units in Clarksville, IN. The unit mix consists of (20) 2-bedroom apartment units over the span of (10) duplex buildings.

Southern Indiana Economic Development
The Southern Indiana–Louisville MSA has experienced a surge of economic activity in recent years, fueled by major industrial expansions, infrastructure investment, and continued population growth on the Indiana side of the river. This momentum has strengthened regional employers, attracted new businesses, and supported demand for quality rental housing. the market’s long-term upward trajectory.
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Key City Initiatives
• CanadianSolar, building a solar cell plant to create 1,200 jobs
• Jeffboat redevelopment, a $1bn plan to redevelop 100-acre riverfront
• $33mm natatorium in planning by the city
River Ridge Overview
Located 15 minutes from River Ridge, a 6,000-acre master-planned industrial and logistics park just across the river from Louisville. It supports more than 19,000 jobs and has generated over $3 billion in regional economic impact through private investment, wages, and tax revenue. Major employers like Pharma Cord, which invested more than $50 million to create around 850 jobs, highlight River Ridge’s growing role as a hub for advanced manufacturing, life sciences, and logistics.

PROPERTY FACTS

Price $1,850,000
Price Per Unit $92,500
Sale Type Investment
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.56 AC
Building Size 22,000 SF
Average Occupancy 90%
No. Stories 2
Year Built 1987
Parking Ratio 0.91/1,000 SF
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Oven

SITE AMENITIES

  • 24 Hour Access
  • Security System
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector
  • Listing ID: 38971470

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 600-638 Francis Ave, Clarksville, IN 47129

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