$324,900

1422 E Elm St New Albany, IN 47150

Estimated payment $2,175/month

Total Views 12,087
4 Beds
2 Baths
1,500 Sq Ft
$217 Price per Sq Ft

Highlights

  • Thermal Windows
  • Breakfast Bar
  • Central Air
  • Porch
  • Laundry Room
  • Ceiling Fan

About This Home

Welcome to Downtown New Albany living! This 2 UNIT PROPERTY was built in 2023 and shows like new construction! Lots of opportunities! Ready to move in! You could live in one side and rent out the other unit to help pay for your mortgage! This is called a house hack! Or start your rental portfolio with a nearly new property that is ready to move 2 separate tenants in! Or set one or both units up as a short term rental with the close proximity to Downtown! The epoxy finish on the concrete floors is awesome! Open floor plan in each unit for the living room and kitchen! Each kitchen features custom oak cabinets with a grey finish, granite countertops, and ceramic tile backsplash! Each unit is 2 bedrooms and 1 full bath! Washer and dryer connections in each unit! Covered front porch! Private off street parking area! Call today to take advantage of the unique opportunity to own this 2 unit property in Downtown New Albany that is beautiful inside and out!

Listing Agent

Chris Koerner

Property Advancement Realty Brokerage Phone: 812-218-8465 License #RB14051669 Listed on: 05/22/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,075

Year Built

  • Built in 2023

Parking

  • 2 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Thermal Windows

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Additional Features

  • Porch
  • 2,831 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 0086860044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,075

Year Built

Built in 2023

Lot Details

2,831 Sq Ft Lot

Parking

2

Listing Details

  • New Construction: No
  • Parcel Number: 0086860044
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Year Built: 2023
  • Road Surface Type: Paved
  • Co List Office Mls Id: 463
  • Directions: Silver St to Elm St. Home is on the Right.
  • Above Grade Finished Sq Ft: 1500.0
  • Structure Type: Duplex
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Basement: No
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Main Level Primary, Open Floorplan, Utility Room
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 10
  • Window Features: Thermal Windows

Exterior Features

  • Exterior Features: Handicap Accessible, Paved Driveway, Porch
  • Stories: 1
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Garage Yn: No

Utilities

  • Laundry Features: Main Level, Laundry Room
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Connected, Public

Lot Info

  • Zoning: Residential
  • Lot Size Sq Ft: 2831.4
  • Land Lease Expiration Date: 2026-11-21
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 5075.0

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,075 $250,700 $10,000 $240,700
2024 $4,670 $219,900 $10,000 $209,900
2023 $290 $10,000 $10,000 $0
2022 $290 $10,000 $10,000 $0
2021 $291 $10,000 $10,000 $0
2020 $1,791 $83,100 $10,000 $73,100
2019 $1,691 $78,400 $10,000 $68,400
2018 $1,578 $72,700 $10,000 $62,700
2017 $1,728 $72,800 $10,000 $62,800
2016 $1,526 $72,100 $10,000 $62,100
2014 $1,380 $65,900 $10,000 $55,900
2013 -- $67,800 $10,000 $57,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/22/2026 05/22/26 For Sale $324,900 -- $217 / Sq Ft
Source: Southern Indiana REALTORS® Association

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $60,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $224,000 New Conventional
Previous Owner $156,000 New Conventional
Source: Public Records

About the Listing Agent

Chris Koerner

Property Advancement Realty

(812) 432-2040

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Chris’ previous experience as a mortgage loan officer gives him a step up in working with buyers and sellers. If you are interested in buying, selling, or renting a home, Chris can handle all your needs as a licensed real estate broker in Indiana with over 18 years of experience. Customer service is his #1 priority! Contact him directly anytime. Chris prides himself in always being available when his customers need him most! Reach out to Chris today to take advantage of his experience and

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Source: Southern Indiana REALTORS® Association

MLS Number: 202608541

Southern Indiana REALTORS® Association

APN: 22-05-02-800-676.000-008

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