1928 E Spring St New Albany, IN 47150
Estimated payment $1,935/month
Highlights
- Porch
- Cedar Closet
- Ceiling Fan
- Slate Run Elementary School Rated A-
- Patio
- 3-minute walk to Bicknell Park
About This Home
"Historic 1929 beauty meets modern, turnkey luxury!"
Rare Turnkey Multi-Family Opportunity Steps from Downtown New Albany! This is the versatile investment property you've been waiting for! Extensively renovated with high-quality updates, this 1929 two-family home features two massive, renovated 1,600 sq ft units (unit #1 2/bed, unit #2 3/bed) and charming historic touches. The property offers incredible flexibility - ideal for short-term rental, long-term leasing, or as a high-end owner-occupied residence. Situated in a premier location, your tenants will be steps from the best restaurants, shops, and farmers market in downtown New Albany. Enjoy strong income potential from day one with refinished original wood floors, double pane windows, tall ceilings, and modern systems throughout. UNIT #2 SOLD FULLY FINISHED! One seller is a licensed realtor in Indiana. Appliances remaining: Unit #1- refrigerator, microwave, dishwasher, range/oven, washer and dryer. Unit #2-refrigerator, microwave, dishwasher, range/oven, washer and dryer. This duplex is occupied with a 24 month renter (lease ending 2/28/2027) in Unit #1 (unfurnished), and a mid-term renter (ending 8/9/2026) in Unit #2 (furnished). All showings will need to give 24 hour notice.
Listing Agent
Semonin REALTORS Brokerage Phone: 812-944-9800 License #RB25000660 Listed on: 05/05/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Parking
- 2 Car Garage
Interior Spaces
- Ceiling Fan
- Basement
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- Cedar Closet
- Walk-In Closet
Outdoor Features
- Patio
- Porch
Listing and Financial Details
- Assessor Parcel Number 220502801054000008
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 |
|---|---|---|---|---|
| 2025 | $2,408 | $114,200 | $11,500 | $102,700 |
| 2024 | $2,425 | $114,200 | $11,500 | $102,700 |
| 2023 | $2,457 | $114,200 | $11,500 | $102,700 |
| 2022 | $2,459 | $114,200 | $11,500 | $102,700 |
| 2021 | $2,477 | $114,200 | $11,500 | $102,700 |
| 2020 | $2,480 | $114,200 | $11,500 | $102,700 |
| 2019 | $2,479 | $114,200 | $11,500 | $102,700 |
| 2018 | $2,494 | $114,200 | $11,500 | $102,700 |
| 2017 | $2,397 | $107,900 | $11,500 | $96,400 |
| 2016 | $2,174 | $125,100 | $11,500 | $113,600 |
| 2014 | $1,967 | $97,500 | $11,500 | $86,000 |
| 2013 | -- | $94,700 | $11,500 | $83,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $325,000 | -- | $101 / Sq Ft |
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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $30,000 | None Available |
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 | $129,000 | New Conventional | |
| Previous Owner | $62,500 | Purchase Money Mortgage |
Source: Southern Indiana REALTORS® Association
MLS Number: 202607915
APN: 22-05-02-801-054.000-008
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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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