1010 E Spring St New Albany, IN 47150
Estimated payment $2,129/month
Highlights
- Eat-In Kitchen
- Forced Air Heating and Cooling System
- Ceiling Fan
About This Home
Turnkey Fourplex – Fully Occupied in New Albany!
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, 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,980
Year Built
- Built in 1850
Lot Details
- 6,098 Sq Ft Lot
- Property is zoned Multi Family
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 4,370 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Basement Cellar
Kitchen
- Eat-In Kitchen
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Gas Available
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 220502800530
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 | $2,634 | $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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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 | |
| Previous Owner | $131,823 | Commercial |
Source: Southern Indiana REALTORS® Association
MLS Number: 2025010217
APN: 22-05-02-800-530.000-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
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