1928 E Spring ST New Albany, IN 47150
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,209 sqft
Price per Sqft $101
MLS Listing ID 202607915
Style Two Story
Bedrooms 5
Full Baths 2
Construction Status Resale
Abv Grd Liv Area 3,209
Year Built 1929
Annual Tax Amount $2,408
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Duplex
Property Description
Rare Turnkey Multi-Family Opportunity Steps from Downtown New Albany! This is the versatile investment property you've been waiting for! Extensively renovated with high-quality updates, this 1929 two-family home features two massive, renovated 1,600 sq ft units (unit #1 2/bed, unit #2 3/bed) and charming historic touches. The property offers incredible flexibility - ideal for short-term rental, long-term leasing, or as a high-end owner-occupied residence. Situated in a premier location, your tenants will be steps from the best restaurants, shops, and farmers market in downtown New Albany. Enjoy strong income potential from day one with refinished original wood floors, double pane windows, tall ceilings, and modern systems throughout. UNIT #2 SOLD FULLY FINISHED! One seller is a licensed realtor in Indiana. Appliances remaining: Unit #1- refrigerator, microwave, dishwasher, range/oven, washer and dryer. Unit #2-refrigerator, microwave, dishwasher, range/oven, washer and dryer. This duplex is occupied with a 24 month renter (lease ending 2/28/2027) in Unit #1 (unfurnished), and a mid-term renter (ending 8/9/2026) in Unit #2 (furnished). All showings will need to give 24 hour notice.
Location
State IN
County Floyd
Zoning Residential
Direction From downtown New Albany, take Spring Street towards Clarksville. The home will be on your right, just past Thomas Street.
Rooms
Basement Full, Unfinished, Sump Pump
Interior
Interior Features Bookcases, Cedar Closet(s), Ceiling Fan(s), Entrance Foyer, Home Office, Main Level Primary, Open Floorplan, Storage, Natural Woodwork, Walk- In Closet(s), Window Treatments
Heating Forced Air, Heat Pump
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Decorative
Fireplace Yes
Window Features Blinds
Appliance Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
Laundry In Basement, Laundry Room
Exterior
Exterior Feature Porch, Patio
Parking Features Carport
Garage Spaces 2.0
Garage Description 2.0
Community Features Sidewalks
Water Access Desc Connected,Public
Roof Type Shingle
Street Surface Paved
Porch Covered, Patio, Porch
Building
Dwelling Type Duplex
Entry Level Two
Foundation Brick/ Mortar
Sewer Public Sewer
Water Connected, Public
Architectural Style Two Story
Level or Stories Two
Additional Building Shed(s)
New Construction No
Construction Status Resale
Others
Tax ID 220502801054000008
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan