1307 E Market Street, New Albany, IN 47150

New Albany
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1307 E Market Street,New Albany, IN 47150
$225,000
  • 3 Beds
  • 2 Baths
  • 1,704 sq. ft.
  • Multi-family
  • Active
Listed by: jared housier
Office: southern homes realty
MLS#:2026010110
Source:IN_SIRA

Price summary

  • Price:$225,000
  • Price per sq. ft.:$132.04

About this home

Excellent opportunity to own a FULLY RENTED (pictures are pre-tenant move in), turnkey duplex with immediate cash flow! Bringing 10-12%+ cash on cash returns, this one you don't want to miss! 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. Investment Highlights: Fully rented duplex • Unit 1: $1,099/month • Unit 2: $875/month • Total Projected Monthly Rental Income: $1,974 • Projected Annual Gross Rental Income: $23,688 • Annual Insurance: $1,810 • Annual Taxes $2388. Tenant pays all utilities. Landlord only pays lawncare ($30/cut) The first-floor unit offers 2 bedrooms, 1 full bath, a spacious living room, an eat-in kitchen with ample cabinet and countertop space, a dedicated laundry area, and access to a private fenced backyard with a patio and storage sheds. Rented for: $1,099/month. The...

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Home facts

  • Year built:1929
  • Listing ID #:2026010110
  • Added:1 day(s) ago
  • Updated:July 15, 2026 at 09:58 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Oven, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:1,704 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1929
  • Building area:1,704 sq. ft.
  • Lot area:0.07 Acres
  • Architectural Style:Two Story
  • Construction Materials:Frame, Vinyl Siding
  • Foundation Description:Crawlspace
  • Levels:2 Story

Utilities

  • Water:Connected, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Price per sq. ft.:$132.04
  • Tax amount:$2,388

Features and amenities

  • Appliances:Oven, Range, Refrigerator
  • Laundry features:Laundry Closet, Main Level

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