1010 E Spring St New Albany, IN 47150
Estimated payment $2,194/month
Highlights
- Traditional Architecture
- Central Air
- Heating Available
- No HOA
About This Home
Turnkey Fourplex - Fully Occupied in New Albany! HISTORIC DISTRICT
Investors - 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 replaced
✨ Lower units recently renovated
✨ Central air in top units, efficient window units below
✨ One unit with washer/dryer hookups
The seller is ready to sell this investment and properties this solid don't last. Step into immediate, worry-free cash flow - keep the tenants, keep the income, and watch your portfolio grow.
📞 Act now before another investor grabs it!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,980
Year Built
- Built in 1850
Home Design
- 4,370 Sq Ft Home
- Traditional Architecture
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- The owner pays for trash collection
- Legal Lot and Block 05-02-800-530 / 05-02-800-530
- Assessor Parcel Number 22-05-02-800-530.000-008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,980 | $248,000 | $15,000 | $233,000 |
| 2023 | $3,980 | $204,200 | $15,000 | $189,200 |
| 2022 | $2,257 | $211,100 | $15,000 | $196,100 |
| 2021 | $1,932 | $179,900 | $15,000 | $164,900 |
| 2020 | $1,936 | $179,900 | $15,000 | $164,900 |
| 2019 | $1,820 | $169,300 | $15,000 | $154,300 |
| 2018 | $3,392 | $156,300 | $15,000 | $141,300 |
| 2017 | $3,465 | $156,900 | $15,000 | $141,900 |
| 2016 | $3,108 | $155,400 | $15,000 | $140,400 |
| 2014 | $2,766 | $138,300 | $14,900 | $123,400 |
| 2013 | -- | $142,700 | $15,000 | $127,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $340,000 | +97.7% | $78 / Sq Ft |
| 05/28/2019 05/28/19 | Sold | $172,000 | -1.7% | $51 / Sq Ft |
| 03/27/2019 03/27/19 | Pending | -- | -- | -- |
| 03/06/2019 03/06/19 | For Sale | $175,000 | +130.3% | $52 / Sq Ft |
| 03/16/2012 03/16/12 | Sold | $76,000 | -39.2% | $23 / Sq Ft |
| 12/02/2011 12/02/11 | Pending | -- | -- | -- |
| 09/27/2011 09/27/11 | For Sale | $124,900 | -- | $37 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Deed | $131,823 | Pitt & Frank | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,884 | New Conventional | |
| Closed | $168,884 | New Conventional | |
| Previous Owner | $115,823 | New Conventional | |
| Previous Owner | $131,823 | Commercial |
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1695068
APN: 22-05-02-800-530.000-008
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.
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