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31
  • Property Type
  • Duplex, Residential
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1704 Sqft
  • Area Size
  • 0.07 Acres
  • Land Area
  • 1929
  • Year Built
  • Southern Homes Realty
  • Office Name
1307 E Market Street, New Albany, Indiana 47150
  • $225,000

Description

Excellent opportunity to own a turnkey duplex with immediate cash flow! Pictures are pre-tenant move-in. The 1-bedroom unit is currently rented for $875/month, while the spacious 2-bedroom unit can be rented for approximately $1, 025/month, providing a projected total monthly rental income of $1, 900 and projected annual gross rental income of $22, 800. Annual insurance is $1, 810 and annual taxes are $2, 388. Tenants pay all utilities, while the landlord only pays lawn care at approximately $30/cut. This well-maintained income-producing property features two spacious units with updated luxury vinyl plank flooring, neutral paint colors, abundant natural light, and low-maintenance finishes that continue to attract quality tenants. The first-floor 2-bedroom, 1-bath unit offers a spacious living room, eat-in kitchen with ample cabinet and countertop space, dedicated laundry area, and access to a private fenced backyard with a patio and storage sheds. This unit can be rented for approximately $1, 025/month. The second-floor 1-bedroom, 1-bath unit features a bright oversized living area, functional kitchen, and large walk-in closet and is currently rented for $875/month. Additional features include separate entrances, spacious room sizes, updated flooring throughout both units, off-street rear access, and a fully fenced backyard that adds to tenant appeal. OWNER IS A LICENSED REAL ESTATE AGENT IN INDIANA & KENTUCKY.

  • Address: 1307 E Market Street
  • City: New Albany
  • State/county: IN
  • Zip/Postal Code: 47150

Details

Updated on August 21, 2026 at 2:39 pm
  • Property ID HZ2026010110
  • Price $225,000
  • Property Size 1704 Sqft
  • Land Area 0.07 Acres
  • Bedrooms 3
  • Bathrooms 2
  • Garage Size x x
  • Year Built 1929
  • Property Type Duplex, Residential
  • Property Status Active
  • MLS# 2026010110
  • Agent Name Jared Housier


Listing courtesy of Jared Housier MLS # 2026010110

Listing information is provided by Participants of the Southern Indiana REALTOR Association MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Southern Indiana REALTOR Association MLS.

eXp Realty Indiana | Jason Engle, State Broker | 9465 Counselors Row Ste. 200 Indianapolis, IN 46240 | 888-611-3912 | IN.Broker@exprealty.net

Data last updated at: August 21, 2026 at 2:39 pm

Additional details

  • Listing Terms Cash, Conventional
  • Cooling Central Air
  • Heating Forced Air
  • County Floyd
  • Property Type Residential
  • Architectural Style Two Story

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IDX information is provided by the Indiana Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Indiana Regional MLS.
eXp Realty Indiana | Jason Engle, State Broker | 107 N State Road 135, Suite 101-5, Greenwood, IN 46142 | 888-611-3912 | IN.Broker@exprealty.net

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