317 W Water St Newburgh, IN 47630
Estimated payment $2,432/month
Highlights
- River Front
- 1-Story Property
- The river is a source of water for the property
- Newburgh Elementary School Rated A-
- Multiple cooling system units
- Wood Siding
About This Home
Situated on the iconic Water Street in the heart of historic Downtown Newburgh, this rare duplex—fondly known as La Paloma—offers storybook views of the Great Ohio River from east to west. Well located along the scenic Newburgh Rivertown Trail, this gem is just steps away from local favorites like Honeymoon Coffee, Marida, Cafe Arazu, Knob Hill Tavern, and more! The upper-level unit features 2 spacious bedrooms, 1 full bath, in-unit laundry hook-ups, and panoramic views that will leave your guests speechless. Imagine sipping your morning coffee while watching the river wake up with the sun, or winding down as the sunset dances across the water. Recent updates ensure peace of mind, including: New ductless mini-split HVAC systems (2023), Water heater (2022), some flooring (2021), Roof (2021). Currently rented for $1,300/month, this unit presents an exceptional opportunity for investors or future owner-occupants. The lower level is an open canvas with it's own kitchen, full bath and one bedroom. An enclosed porch makes for an ideal space to relax while watching the barges pass and nature flies by. 317 W. Water Street has been in the same family for many years and is now a wonderful opportunity for you to own property along the riverfront either for income purposes or your own million dollar view!
Listing Agent
Weichert Realtors-The Schulz Group Brokerage Phone: 812-499-6617 Listed on: 10/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,844
Year Built
- Built in 1955
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 41x121
- River Front
Home Design
- Wood Siding
- Block Exterior
Interior Spaces
- 1-Story Property
- Water Views
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
Basement
- Walk-Out Basement
- 1 Bathroom in Basement
- 1 Bedroom in Basement
Schools
- Newburgh Elementary School
- Castle South Middle School
- Castle High School
Utilities
- Multiple cooling system units
- The river is a source of water for the property
Community Details
- Sprinklesburg Subdivision
Listing and Financial Details
- Assessor Parcel Number 87-15-03-103-140.000-014
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 | $4,037 | $195,800 | $95,900 | $99,900 |
| 2023 | $3,634 | $189,900 | $95,900 | $94,000 |
| 2022 | $3,301 | $172,000 | $83,400 | $88,600 |
| 2021 | $2,798 | $139,900 | $43,400 | $96,500 |
| 2020 | $2,590 | $129,500 | $40,100 | $89,400 |
| 2019 | $2,398 | $119,900 | $37,700 | $82,200 |
| 2018 | $2,220 | $111,000 | $37,700 | $73,300 |
| 2017 | $2,098 | $104,900 | $37,700 | $67,200 |
| 2016 | $2,368 | $106,800 | $37,700 | $69,100 |
| 2014 | $2,112 | $105,600 | $37,700 | $67,900 |
| 2013 | $1,833 | $93,700 | $37,300 | $56,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | Pending | -- | -- | -- |
| 10/27/2025 10/27/25 | For Sale | $399,900 | -- | $237 / Sq Ft |
Source: Indiana Regional MLS
MLS Number: 202542410
APN: 87-15-03-103-140.000-014
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