New Albany IN Multi Family for Sale

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Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
202406372

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.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
2021012189

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.

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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 $220,184. 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 $220,184. 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.

New Albany Real Estate Market Conditions

  • Median sales price

    $220,184
    15.2% change since last quarter
  • # Active listings

    3,256
    30-day change

New Albany Schools and Demographics

Education near New Albany, IN

Metric City County
High School Graduates 87.05 91.28
College Degree - 2 year 9.74 9.48
College Degree - 4 year 22.45 30.27
Graduate Degree 7.12 8.26
Expenditures per Student 13,799 13,799
Students per Teacher 15.2 15.2

Elementary Schools near New Albany, IN

School Grades Students P/T Ratio ZIP
Chldrn's Acad New Albany Early Lrn PK - PK 87 21.8 47150
Clarksville Elementary School PK - 04 509 17 47129
Fairmont Elementary School KG - 04 361 24.1 47150
Floyds Knobs Elementary School KG - 04 622 23 47119
Georgetown Elementary School KG - 04 611 22.6 47122
Grant Line School KG - 04 578 24.1 47150
Green Valley Elementary School KG - 04 324 19.1 47150
Lanesville Elementary School KG - 06 359 17.9 47136
Mount Tabor School KG - 04 737 22.3 47150
Parkwood Elementary School KG - 05 570 21.9 47129
S Ellen Jones Elementary School KG - 04 295 19.7 47150
Slate Run Elementary School KG - 04 330 22 47150

Middle Schools near New Albany, IN

School Grades Students P/T Ratio ZIP
Clarksville Middle School 05 - 08 402 13.4 47129
Hazelwood Middle School 05 - 08 976 16.3 47150
Highland Hills Middle School 05 - 08 1,534 20.3 47122
Nathaniel Scribner Middle School 05 - 08 853 15 47150

High Schools near New Albany, IN

School Grades Students P/T Ratio ZIP
Clarksville Senior High School 09 - 12 446 14.9 47129
Floyd Central High School 09 - 12 1,695 22.3 47119
Lanesville Junior/Senior High School 07 - 12 347 17.8 47136
New Albany Senior High School 09 - 12 1,988 21.1 47150

Ungraded Schools near New Albany, IN

School Grades Students P/T Ratio ZIP
Community Montessori KG - 12 545 21.8 47150

Demographics near New Albany, IN

Metric City County
Neighborhood Type Suburban
Population 37,350 79,594
Population Density 2,500 538
Median Age 38.8 39.7
People per Household 2.4 2.6
Median Household Income 49,429 69,858
Average Income per Capita 27,697 34,961