515 E 9th St New Albany, IN 47150
Estimated payment $1,728/month
About This Home
Turn-key duplex opportunity offering the perfect blend of immediate cash flow potential and long-term wealth building. Whether you're an investor looking to add a low-maintenance income-producing property to your portfolio or a buyer searching for the ideal "house hacking" opportunity, this thoughtfully updated duplex checks all the boxes. Live in one unit while renting the other to offset your monthly housing expenses and start building equity and generational wealth through real estate ownership. Both units have been updated with durability and longevity in mind, featuring commercial-grade flooring, newer HVAC systems in both units, updated cabinetry and granite countertops on one side, and completely submetered utilities for simplified management and reduced owner expenses. With turn-key condition throughout, this property is ready to begin producing income from day one. The desirable downtown location makes these units highly attractive to tenants, while the large backyard with alley access opens the door for future value-add opportunities such as garages, storage units, or additional tenant amenities that could create even more revenue streams over time. Properties like this don't come around often - a move-in ready duplex with strong income potential, low-maintenance updates, and multiple paths to financial success. Whether you're looking to grow your investment portfolio or take your first step into real estate investing, this property offers an incredible opportunity to create passive income for years to come.
Listing Agent
1 Percent Lists Indiana Real Estate Brokerage Email: listwithflora@gmail.com License #RB24000989 Listed on: 05/27/2026
Co-Listing Agent
1 Percent Lists Indiana Real Estate Brokerage Email: listwithflora@gmail.com License #RB21000490
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,596
Year Built
- Built in 1979
Lot Details
- 5,663 Sq Ft Lot
Home Design
- Duplex
- Slab Foundation
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Listing and Financial Details
- Tax Lot 22-05-02-801-722.000-008
- Assessor Parcel Number 220502801722000008
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,596 | $123,100 | $18,000 | $105,100 |
| 2024 | $1,598 | $124,200 | $18,000 | $106,200 |
| 2023 | $2,637 | $110,100 | $18,000 | $92,100 |
| 2022 | $1,369 | $111,100 | $18,000 | $93,100 |
| 2021 | $1,260 | $103,000 | $18,000 | $85,000 |
| 2020 | $1,125 | $94,200 | $18,000 | $76,200 |
| 2019 | $1,099 | $93,100 | $18,000 | $75,100 |
| 2018 | $1,090 | $92,200 | $18,000 | $74,200 |
| 2017 | $1,104 | $91,900 | $18,000 | $73,900 |
| 2016 | $1,303 | $91,100 | $18,000 | $73,100 |
| 2014 | $1,848 | $92,400 | $18,000 | $74,400 |
| 2013 | -- | $108,000 | $18,000 | $90,000 |
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 |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | For Sale | $279,900 | -- | -- |
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 | $105,425 | None Listed On Document | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | 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 |
|---|---|---|---|
| Closed | $45,000 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22104594
APN: 22-05-02-801-722.000-008
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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.