1928 E Spring Street, New Albany, IN 47150

New Albany
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1928 E Spring Street,New Albany, IN 47150
$325,000
  • 5 Beds
  • 2 Baths
  • 3,209 sq. ft.
  • Multi-family
  • Active
Listed by: jennifer silva
Office: semonin realtors
MLS#:202607915
Source:IN_SIRA

Price summary

  • Price:$325,000
  • Price per sq. ft.:$101.28

About this home

"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,...

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Home facts

  • Year built:1929
  • Listing ID #:202607915
  • Added:8 day(s) ago
  • Updated:May 14, 2026 at 02:55 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Dishwasher, Microwave, Oven, Range, Refrigerator
  • Bedroom Description:Main Level Primary
  • Basement:Yes
  • Basement Description:Full, Sump Pump, Unfinished
  • Living area:3,209 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1929
  • Building area:3,209 sq. ft.
  • Lot area:0.96 Acres
  • Architectural Style:Two Story
  • Construction Materials:Aluminum Siding, Frame
  • Exterior Features:Covered, Patio, Porch
  • Foundation Description:Brick/Mortar
  • Levels:2 Story

Utilities

  • Water:Connected, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$101.28
  • Tax amount:$2,408

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Laundry features:Dryer, In Basement, Laundry Room, Washer
  • Amenities:Bookcases, Cedar Closets, Ceiling Fans, Entrance Foyer, Home Office, Natural Woodwork, Open Floorplan, Storage, Walk-In Closet(s), Window Blinds

Parking

  • Parking description:Carport
  • Garage:Yes
  • Garage spaces:2

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