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Beth Downing

bethdowning1013@gmail.com +1(502) 386-6533

$175,000

Est. payment - /mo

2,864 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,864 sqft

Price per Sqft $61

MLS Listing ID 2026010644

Style Historic/ Antique, One and One Half Story, Two Story

Construction Status Resale

Abv Grd Liv Area 2,864

Year Built 1919

Annual Tax Amount $1,292

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Duplex

Property Description

Exceptional redevelopment opportunity in the heart of thriving downtown New Albany! Situated on a highly visible stoplight corner, this prominently located commercial building offers incredible potential for investors, developers, or owner-users. Previously configured with professional office space on the main level and apartments on the second floor, the property provides the flexibility to restore its previous mixed-use layout or reimagine the building as all residential apartments (subject to any required approvals). Located within the East Spring Street Historic District, this property combines historic character with an irreplaceable location; close proximity to: restaurants, shopping, entertainment, and ongoing downtown investment. The building appears to have solid bones but will require renovation, making it an ideal value-add project with significant upside. Rare opportunities like this in downtown New Albany don't come along often!

Location

State IN

County Floyd

Direction 600 blk Spring St

Rooms

Basement Crawl Space

Interior

Fireplace No

Exterior

Water Access Desc Connected,Public

Building

Dwelling Type Duplex,Quadruplex,Triplex

Entry Level One and One Half,Two

Foundation Cellar

Sewer Public Sewer

Water Connected, Public

Architectural Style Historic/Antique, One and One Half Story, Two Story

Level or Stories One and One Half, Two

New Construction No

Construction Status Resale

Others

Tax ID 220500200797000008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Schaefer Real Estate, LLC

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Beth Downing

+1(502) 386-6533

Agent | License ID: 221439

Agent License ID: 221439

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623 E Spring ST New Albany, IN 47150

Beth Downing

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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