New Albany IN Multi Family for Sale
$740,000
Multiple New Albany, IN 47150
ADDITIONAL INFORMATION
These 7 houses could be a great addition to your portfolio. Southern Indiana has a strong rental market this could be a great opportunity to get into a growing market. New Albany has many new developments underway that continuously are improving the area. Because of this home values have increased in the area. This portfolio consists of 6 houses in New Albany Indiana and one house in Jeffersonville Indiana. The current rent roll is $7,116 monthly with availability for a new owner to add value by raising rent or renovating and selling the property. Most current tenants are on month-to-month leases allowing the new owner the flexibility to turn units quickly if desired. Addresses Include; 115 Union St, New Albany, IN 47150 1340 Beeler St, New Albany, IN 47150 1611 King St, New Albany, IN 47150 1803 E. Market, New Albany, IN 47150 1806 Culbertson, New Albany, IN 47150 515 E. 7th St, New Albany, IN 47150 917 Watt St., Jeffersonville, IN 47130
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.44 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- 202405417
ADDITIONAL INFORMATION
TURNKEY 8-PLEX in the heart of historic Downtown New Albany on Mansion Row! This charming building features 7 1-bedroom apartments and 1 studio apartment nestled in a beautifully restored historic home, offering the perfect blend of vintage character and modern convenience. ALL 8 units are currently rented and cash flowing! Current owner has done a full renovation including total window repair and all new storm windows, masonry work, exterior and interior repaint, basement waterproofing, exterior grading and drains, as well as updating each individual unit! Each unit has covered balcony/patio access, and the building also includes a large rear parking lot for off street tenant parking! This building's prime location offers great walkability to shops, restaurants, and entertainment. You truly have to see this one in person to appreciate the historic charm! Own a piece of New Albany history with this cash-flowing investment!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1840
- Baths:
- MLS#:
- 2023011001
ADDITIONAL INFORMATION
Built in 1840, the Old Pike Inn stands at 941 State Street, an important road in New Albany's early history. Originally called the New Albany-Vincennes Road, it followed the path of the Buffalo Trace, a series of buffalo trails used by the early settlers, and became an important corridor for overland trade. This property has been meticulously renovated into two office spaces and three apartments fully occupied. Old Pike Inn is listed on the National Register of Historic Places. There are 3 HVAC systems, a new roof in 2023, new carpet and paint in two apartments in 2022. All leases are month to month. There's an abundance of parking in the off-street parking lot plus spaces behind the building that provide plenty of parking for the tenants and the public. The property is zoned Mixed Use Corridor Commercial. Profit & Loss Statement available to qualified buyers. This is a rare opportunity to own a profitable piece of history with apx. 4000 sq. ft. of leasable space. Call the list agent for additional details. Sq ft approx. Property has two parcels. Taxes and assessment include the separate parcel number information.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.48 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- 202305863
ADDITIONAL INFORMATION
This is your opportunity to purchase a profitable, operating Daycare.. This is a unique opportunity for the right person to take on an established business and clientele. This property includes approximately 14 classrooms / sleep areas, indoor and outdoor play areas, multiple kitchens / cafeteria areas and office spaces. 7 half baths and 2 full baths. The unfinished basement has approx. 1,568 sq. ft.. Conveniently located just off Charlestown Road and Klerner.Road.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- 2022011491
ADDITIONAL INFORMATION
DUPLEX!!!! AMAZING location BUT This house is rough!! Has a newer dimensional roof but other than that it needs everything! Sweat equity at its finest! This can be a great income producing property ! Built as a 1 bedroom 1 bath PER SIDE duplex. separately metered electric and gas already in tact. Will require significant rehab! Listing agent is also owner. May finance to qualified buyer!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1932
- Baths:
- MLS#:
- 202208086
ADDITIONAL INFORMATION
6 ONE BEDROOM APTS, 100% OCCUPIED GROSS RENT $4795.00 PER MONTH. ALL RENTS INCLUDE THE UTILTIES. ALL UNITS INCLUDE RANGE/OVEN & REFRIGERATOR. 2 GAS FURNACES, TWO CENTRAL AIR UNITS, ALL RENT PRORATED TO DAY OF CLOSING. SEE ATTACHED RENT ROLL, STREET PARKING WITH OFF STREET PARKING IN REAR. SQ FT APPROX.
$4,275,000
701 E Spring Street New Albany, IN 47150
ADDITIONAL INFORMATION
Own a piece of HISTORIC downtown New Albany. The former St. Edward Hospital is now a 57 unit apartment complex. Rental units bring in $36,124.00/month in rent. This property has 21 one bedroom units, 30 two bedroom units, 4 three bedroom units, 1 four bedroom apartment, and a studio apartment. 11 of the units have dishwashers and washer dryer hookups. The main building has coin laundry on site. 8 washers and 8 dryers all brand new and owned not leased. There are several storage and maintenance rooms on the property. There is an on site office space, security room, and conference room. A children's playground in the courtyard with new playsafe rubber mulch. There are 2 passenger elevators and a freight elevator. All heat and air is run on boilers and cooling towers. The parking lot behind the property on Elm Street is also included. The listing agent is related to the seller.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.74 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 2021011956
ADDITIONAL INFORMATION
LOTS of UPSIDE here. This property holds (2) 4-plexes facing each other, all 2 bedrooms. There is ALSO A VACANT LOT in the rear of the property that can be built on for future units. FULLY LEASED, rents included in listing.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.53 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 2021011953
ADDITIONAL INFORMATION
(4) Duplex offering. These are 1 bedroom duplexes and currently FULL. Nice setting with parking for residents front and rear. Current rents collected $4,065.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1888
- Baths:
- MLS#:
- 2021011750
ADDITIONAL INFORMATION
RARE multi-family offering, 8-plex. Some units have been rehabilitated and rents have upside. Several rents below market. 3 electrical meters, shared, 1 water and gas meter for property. Exterior recently painted and 3/8 units remodeled. Seller is also selling 16 other units in New Albany that can be packaged. Details to follow.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- 202106325
ADDITIONAL INFORMATION
These TWO investment properties are in the heart of downtown New Albany. WALKING distance to Farmer's Market, restaurants, shops, bars, YMCA. Not hard to rent-a tenant's dream. Rent brings in $4025 each month from these 6 apartments. 322 is a Duplex and 318 is a Quadplex. All units are currently rented and have deposits. New windows, new siding on exteriors, new roofs, new paved and striped parking lot in the back along with street parking in the front. Electric/Gas separately metered and paid by tenants. Owner pays water, sewer, trash.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- 2020011810
ADDITIONAL INFORMATION
Front unit rents for $650 and is 2 bedroom and includes stove refrigerator and washer/dryer hookup. This unit the water sewer and gas is provided by the owner. The upper unit is 2 bedroom and rents for $800 month including all utilities paid by owner. Stove and refrigerator included. Back unit rents for $650 month and is 1 bedroom and includes all utilities paid by owner. Stove and refrigerator included. Utilities average $80 sewer, 98 water Electric $120 and gas $25/30 as per owner. Another property for sale at 1213 Culbertson Ave, New Albany, MLS 2020011809.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- 2020011809
ADDITIONAL INFORMATION
This is a 2 unit property with the front 1-bedroom unit renting for $700/month and includes utilities paid by owner. Back unit is a 2-bedroom unit renting for $800/month and includes utilities paid by owner. Utilities are averaging $117 month for electric and gas and the water/sewer is averaging $14 month as per owner. Another property for sale on 1110 Greenaway Place, New Albany., MLS 2020011810.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- 202007785
ADDITIONAL INFORMATION
Looking for a place to live, have a rental, and work? Check out these TWO REMODELED HOMES, on a double lot in downtown New Albany! 815 Ohio Street is a 1-story, 2BR/1BA, 804-square-foot home, and 817 Ohio Street is a 1½-story, 3BR/1BA, 1,195-square-foot home that sits on a corner, with a cellar and a large 39-by-64-foot garage with a lift! Both homes have been updated with new drywall, insulation, windows, and wiring, and 815 Ohio has new plumbing and a newer water heater. The roofs on both homes are 9 years old, and the HVAC in 817 Ohio is 8 years old. Conveniently located near schools, and just minutes from downtown. Square feet is approximate; if critical, buyers should verify.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024, Southern Indiana Realtors Association. All rights reserved.
New Albany Real Estate
The median home value in New Albany, IN is $216,950. This is lower than the county median home value of $230,100. The national median home value is $338,100. The average price of homes sold in New Albany, IN is $216,950. Approximately 48.59% of New Albany homes are owned, compared to 36.09% rented, while 15.32% are vacant. New Albany real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Albany real estate agent to arrange a tour today!
New Albany, Indiana has a population of 37,350. New Albany is less family-centric than the surrounding county with 23.58% of the households containing married families with children. The county average for households married with children is 28.25%.
The median household income in New Albany, Indiana is $49,429. The median household income for the surrounding county is $69,858 compared to the national median of $69,021. The median age of people living in New Albany is 38.8 years.
New Albany Weather
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 25.9 degrees. The average rainfall is approximately 44.5 inches per year, with 7.8 inches of snow per year.