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51
  • Property Type
  • Duplex, Residential
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 2.0
  • Garages
  • 3209 Sqft
  • Area Size
  • 0.96 Acres
  • Land Area
  • 1929
  • Year Built
1928 E Spring Street, New Albany, IN 47150
  • $325,000

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.

  • Address: 1928 E Spring Street
  • City: New Albany
  • State/county: IN
  • Zip/Postal Code: 47150

Details

Updated on May 6, 2026 at 7:37 pm
  • Property ID HZ202607915
  • Price $325,000
  • Property Size 3209 Sqft
  • Land Area 0.96 Acres
  • Bedrooms 5
  • Rooms 11
  • Bathrooms 2
  • Garages 2.0
  • Garage Size x x
  • Year Built 1929
  • Property Type Duplex, Residential
  • Property Status Active
  • MLS# 202607915

Additional details

  • Listing Terms Cash,Conventional,FHA,VA Loan
  • Roof Shingle
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Forced Air,Heat Pump
  • County Floyd
  • Property Type Residential
  • Parking Carport
  • Community Features Sidewalks
  • Architectural Style Two Story

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William Andes
  • William Andes

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