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New Albany, IN Multifamily Home for Sale

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    $340,000

    • 4 Beds
    • 4 Baths
    • 4,370 Sq Ft

    1010 E Spring St, New Albany, IN 47150

    Turnkey Fourplex - Fully Occupied in New Albany! HISTORIC DISTRICTInvestors - this is the one you've been waiting for! Four 1-BR, 1-BA units, all with long-term tenants and zero vacancies for years. Located in a sought-after New Albany area, this property is primed for steady income from day one.✨ Brand new roofs on every structure✨ All furnaces & water heaters

    Darlene Hirth Exit Realty Crutcher

    1010 E Spring St, New Albany, IN 47150

Why Live in New Albany

New Albany, Indiana, is a historic community established in 1813 along the Ohio River, just minutes from Louisville, Kentucky. The city features a vibrant downtown with boutique shops, diverse dining options, and a growing artistic scene. Residents enjoy trendy spots like Agave & Rye for mix-and-match tacos and The Exchange Pub & Kitchen for farm-to-table dining. The High Dive offers a speakeasy-style bar experience, while Seeds and Greens Natural Market and Deli provides health-conscious grocery options. Housing in New Albany ranges from suburban-style cottages to vintage Craftsman homes and large Victorian estates, with affordable prices attracting many families. The city is home to top-rated New Albany Floyd County Schools, serving over 11,000 students. Indiana University Southeast and Purdue Polytechnic New Albany offer higher education opportunities. New Albany celebrates its history with attractions like the Second Baptist Church, a key site on the Underground Railroad, and hosts events like the Harvest Homecoming festival. The city boasts 17 parks, including Riverfront Park and Loop Island Wetlands, providing ample things to do outdoors. Despite colder winters and the need for flood insurance in some areas, New Albany maintains a flood wall for protection. The city is safer than the national average for violent crimes, with ongoing efforts to reduce crime further. Convenient transportation options include Interstates 64 and 265, TARC bus routes, and proximity to Louisville International Airport, making commuting easy.

Home Trends in New Albany, IN

Housing Trends

Median Sale Price
$235,000
Median Single Family Sale Price
$244,000
Median Townhouse Sale Price
$234,500
Median 2 Bedroom Sale Price
$259,000
Median 1 Bedroom Sale Price
$138,750
Average Price Per Sq Ft
$155
Number of Homes for Sale
132
Last 12 months Home Sales
763
Months of Supply
2.10
Median List Price
$249,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%
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