$279,900

515 E 9th St New Albany, IN 47150

Estimated payment $1,731/month

2 Beds
1 Bath
-- Sq Ft
-- Price per Sq Ft

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

Andrew Flora

1 Percent Lists Indiana Real Estate Brokerage Email: listwithflora@gmail.com License #RB24000989 Listed on: 05/27/2026

Co-Listing Agent

Drew Wyant

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,596

Year Built

Built in 1979

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2025
  • Year Built: 1979
  • Co List Office Phone: 812-343-4938
  • Lot Size Acres: 0.13
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Attribution Contact: listwithflora@gmail.com
  • Special Features: None

Interior Features

  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Possible Use: Residential

Exterior Features

  • Foundation Details: Slab
  • Road Access: See Remarks

Utilities

  • Solid Waste: No

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 5663
  • Parcel Number: 220502801722000008
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 2596
  • Tax Lot: 22-05-02-801-722.000-008
  • Semi Annual Property Tax Amt: 1298

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2026 05/27/26 For Sale $279,900 -- --
Source: MIBOR Broker Listing Cooperative®

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
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
Previous Owner $45,000 New Conventional
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22104594

MIBOR Broker Listing Cooperative®

APN: 22-05-02-801-722.000-008

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