2235 Ekin Avenue, New Albany, IN 47150

New Albany
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
2235 Ekin Avenue,New Albany, IN 47150
$275,000
  • 4 Beds
  • 4 Baths
  • 1,880 sq. ft.
  • Single family
  • Active
Listed by: heidi fore
Office: keller williams realty consultants
MLS#:2026012589
Source:IN_SIRA

Price summary

  • Price:$275,000
  • Price per sq. ft.:$146.28

About this home

Yes, you can still find a rental property that beats the 1% rule! Fully leased, 4-unit apartment building in Uptown New Albany with numbers that work: $3140 per month in rent income, which is $37,680 a year. A cash-on-cash return like this is hard to find right now. All four units have been updated in some way within the last two years. A floorplan is provided showing the three 1-bedroom units and one studio (combined bedroom and living room). Each unit has its own furnace and separate gas and electric meters. Tenants pay gas and electric. Unit 2 has a washer and dryer. There is off-street parking for 4 cars (rare for an uptown 4-plex), plus a grassy yard for playing and dog walking. With a full-price offer, seller will contribute up to $5,000 towards an interest rate buydown or other buyer closing costs that the lender allows, plus a 1-year home warranty for peace of mind, and will do some repairs that the home inspector noted. Or you can get a discounted price by buying it as-is. A...

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Home facts

  • Year built:1929
  • Listing ID #:2026012589
  • Added:4 day(s) ago
  • Updated:October 20, 2026 at 07:50 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Bathrooms Description:Bath in Primary Bedroom
  • Kitchen Description:Oven, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:1,880 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Units, Window Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1929
  • Building area:1,880 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Aluminum Siding, Frame, Vinyl Siding
  • Exterior Features:Covered, Deck, Porch
  • Foundation Description:Crawlspace

Utilities

  • Water:Connected, Public

Finances and disclosures

  • Price:$275,000
  • Price per sq. ft.:$146.28
  • Tax amount:$4,175

Features and amenities

  • Appliances:Dryer, Oven, Range, Refrigerator, Washer
  • Laundry features:Dryer, Upper Level, Washer
  • Amenities:Ceiling Fans

Parking

  • Parking description:No Garage

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