$325,000

1928 E Spring Street, New Albany, IN 47150

  • 5 beds |
  • 2 baths |
  • 3,209 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon0.96acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $101/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

"Historic 1929 beauty meets modern, turnkey luxury!" 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.

Listing Status:
Active
Data Last Updated:
May 25, 2026 at 12:17AM
Listing Office:
Semonin REALTORS : 812-944-9800
MLS ID:
202607915
  • General: BookcasesCedar Closet(s)Ceiling Fan(s)Entrance FoyerHome OfficeMain Level PrimaryOpen FloorplanStorageNatural WoodworkWalk-In Closet(s)Window Treatments
  • Appliances: DryerDishwasherMicrowaveOvenRangeRefrigeratorWasher
  • Laundry: In BasementLaundry Room
  • Basement: FullUnfinishedSump Pump
  • A/C: Central Air
  • Heating: Forced AirHeat Pump
  • Fireplace: DecorativeFireplaceFireplaces: 2
  • General: PorchPatioShed(s)
  • Style: Two Story
  • Other Structures: Shed(s)PorchPatioCovered
  • Parking: Carport
  • Roofing: Shingle
  • Windows: Blinds
  • General: Aluminum SidingFrame2Brick/Mortar
  • Road/Access: Paved
  • Originating MLS: SIRA_SIRA
  • County: Floyd
  • Zoning: ResidentialP. 47 W 5' L. 171 & E 30' L. 169220502801054000008
  • Water: ConnectedPublic
  • Sewer: Public Sewer
  • Source: SIRA_SIRA

This listing courtesy of Semonin REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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