1217 E Spring ST New Albany, IN 47150
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,935 sqft
Price per Sqft $84
MLS Listing ID 2025010318
Style Two Story
Full Baths 3
Construction Status Resale
Abv Grd Liv Area 5,935
Year Built 1929
Annual Tax Amount $7,563
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Residential
Property Description
Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts.
Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals).
Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use.
An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential.
With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
Location
State IN
County Floyd
Zoning Residential
Direction State Street to left on Spring Street, home is on the lelft.
Rooms
Basement Partial
Interior
Interior Features Open Floorplan, Storage, Vaulted Ceiling(s), Natural Woodwork
Heating Heat Pump
Cooling Central Air
Fireplace No
Exterior
Exterior Feature Handicap Accessible, Landscaping, Paved Driveway
Parking Features No Garage
Community Features Sidewalks
Water Access Desc Connected,Public
Roof Type Other
Street Surface Paved
Building
Lot Description Additional Land Available, Corner Lot
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Connected, Public
Architectural Style Two Story
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 220502800539000008
Acceptable Financing Cash, Conventional, Lease Option
Listing Terms Cash, Conventional, Lease Option