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Off market
  • $192,300

    1219 E Main St, New Albany, IN 47150

    5beds
    2,400sqft
    Apartment
    Built in 1929
    -- sqft lot
    $192,300 Zestimate®
    $80/sqft
    $2,033 Estimated rent

    Home value

    $192,300

    $146,000 - $242,000

    $2,033/mo

    Zestimate® history
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    Owner options

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    $2,033/mo

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    $1,218/mo

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    $1,218/mo

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    What's special

    Apartment for sale by owner in New Albany, IN 47150. This charming property, The Melody, is a money maker!! Located in the fast growing downtown New Albany on the historical Main St. Many fine restaurants, new developments, and businesses are making huge impacts in this area. Which makes this property a very popular place to rent. This property stays FULLY OCCUPIED. Moreover, whenever a unit becomes available its gets many prospective renters within days!! One good thing about being on Main St is all you have to do is stick a "For Rent" sign in the yard, and many people driving by will see it. YOU WILL NOT HAVE ANY PROBLEMS FINDING TENANTS!! But no need to worry about that now because ALL 5 UNITS ARE OCCUPIED!! It pretty much stays that way all year round. This 5 plex currently has many long term tenants, and all very responsible and reliable. All the tenants love it here, and have nothing but great things to say about this property. I make sure to only put the best tenants possible in this building and I feel I have the best tenants out there! Monthly rental income from the 5 units is $2,560. The best-selling point about The Melody is it’s a turn key operation, fully occupied, and with everything in good working order. Just sit back and collect the rent. Serious buyers only please. Thank you again for you interest in The Melody!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Wall
    Cooling
    • Wall
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Laminate
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,400 sqft

    Property

    Parking
    • Parking features: On-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: City
    Lot
    • Size: 5,662 sqft
    Details
    • Parcel number: 220502802379000008

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • Metal
    • Foundation: Crawl/Raised
    • Roof: Metal
    Condition
    • Year built: 1929

    Community & neighborhood

    Location
    • Region: New Albany

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    5/31/2017Listing removed$163,000$68/sqft
    Source: Owner Report a problem
    5/31/2017Listed for sale$163,000$68/sqft
    Source: Owner Report a problem
    4/8/2017Pending sale$163,000$68/sqft
    Source: Owner Report a problem
    4/5/2017Listed for sale$163,000+5.2%$68/sqft
    Source: Owner Report a problem
    6/20/2015Listing removed$155,000$65/sqft
    Source: Owner Report a problem
    4/25/2015Listed for sale$155,000+62.3%$65/sqft
    Source: Owner Report a problem
    7/27/2012Sold$95,500-13.2%$40/sqft
    Source: Agent Provided Report a problem
    5/4/2012Listed for sale$110,000$46/sqft
    Source: Assist-2-Sell #201203172 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,466 +1.4%$188,800 +15.7%
    2024$3,419 +3.1%$163,200 +1.9%
    2023$3,317 +7.4%$160,200 +3%
    2022$3,088 -0.2%$155,500 +8.4%
    2021$3,094 -10.6%$143,500
    2020$3,460 +12.2%$143,500 -10.5%
    2019$3,084 -2%$160,400 +12.9%
    2018$3,147 $142,100 -0.3%
    2017$3,147 +11.4%$142,500 +0.9%
    2016$2,824 +14.4%$141,200 +9.4%
    2014$2,468 -4.4%$129,100 +2.8%
    2013$2,582 -1.4%$125,600 -4%
    2012$2,618 +349.8%$130,900 +349.8%
    2011$582 -3%$29,100 -3%
    2010$600 $30,000
    2009$600 $30,000 -60.9%
    2005-- $76,700

    Find assessor info on the county website

    Neighborhood: 47150

    Nearby schools

    GreatSchools rating
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    $192,300
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    +$3,846
    With Zillow Showcase(estimated)
    $196,146